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Lake Shore Bancorp ( (LSBK) ) just unveiled an update.
Lake Shore Bancorp, Inc. announced its annual shareholders’ meeting scheduled for May 21, 2025, in Dunkirk, New York. The meeting will include the election of directors, a ‘say on pay’ proposal, and the ratification of an independent accounting firm. The company is undergoing a ‘second-step’ conversion to a fully-public stock holding company structure, reflecting its growth strategy. This move is expected to enhance shareholder value and align with its long-term goals of expanding its financial services and market presence.
Spark’s Take on LSBK Stock
According to Spark, TipRanks’ AI Analyst, LSBK is a Neutral.
Lake Shore Bancorp’s strong financial performance is overshadowed by declining operating cash flow and a recent dividend suspension, which could impact investor sentiment. Technical indicators suggest moderate upside potential, while valuation appears fair. The dividend suspension due to corporate restructuring adds uncertainty, slightly lowering the overall score.
To see Spark’s full report on LSBK stock, click here.
More about Lake Shore Bancorp
Lake Shore Bancorp, Inc. operates as a community-oriented financial institution through its wholly-owned subsidiary, Lake Shore Savings Bank. Headquartered in Dunkirk, New York, the bank has been serving the community since 1891, focusing on organic growth through commercial real estate and business loans. It operates 10 full-service branches in Western New York and ranks 3rd in deposit market share in Chautauqua County and 11th in Erie County.
Average Trading Volume: 5,743
Technical Sentiment Signal: Strong Buy
Current Market Cap: $86.38M
For an in-depth examination of LSBK stock, go to TipRanks’ Stock Analysis page.