Lake Shore Bancorp Announces Stock Offering Conversion

Lake Shore Bancorp ( (LSBK) ) has shared an update.

On May 23, 2025, Lake Shore Bancorp, Inc. announced the commencement of a stock offering as part of its conversion from a mutual holding company to a stock holding company. The new Maryland corporation aims to sell up to 5,750,000 shares, with a potential increase to 6,612,500 shares, at $10.00 per share. This move involves converting the bank’s charter to a New York commercial bank and renaming it Lake Shore Bank. The stock offering is primarily available to eligible depositors and the employee stock ownership plan, with any remaining shares offered to the community and public stockholders. The completion of this conversion and offering is contingent upon selling at least 4,250,000 shares and receiving necessary regulatory and stockholder approvals.

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 Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, a community-oriented financial institution based in Dunkirk, New York. The bank operates ten full-service branches in Western New York and provides a wide range of retail and commercial lending and deposit services. Its common stock is traded on the NASDAQ Global Market under the symbol ‘LSBK’.

Average Trading Volume: 5,602

Technical Sentiment Signal: Strong Buy

Current Market Cap: $86.2M

For an in-depth examination of LSBK stock, go to TipRanks’ Stock Analysis page.