Lake Shore Bancorp (LSBK)
NASDAQ:LSBK
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Lake Shore Bancorp
(NASDAQ:LSBK)
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Rating:73Outperform
Price Target:
$17.50
â–²(22.12% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong financial quality (notably a strengthened balance sheet with minimal debt and improving margins) and a reasonable valuation with a dividend. Technical indicators are more neutral-to-mixed, tempering the overall rating, while recent corporate events add a smaller positive boost.
Positive Factors
Balance sheet strength
Lake Shore’s shift to effectively zero total debt and a meaningful increase in equity to roughly $142M materially improves solvency and capital buffers. This reduces refinancing and liquidity risk, supports dividend capacity and loan growth, and enhances resilience through economic cycles.
Negative Factors
Moderate returns on equity
Returns on equity in the mid-single digits imply limited efficiency in converting capital into profits relative to peers. Persistently modest ROE constrains internal capital accumulation, limits room for rapid growth investments, and may pressure long-term shareholder return if not improved.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Lake Shore’s shift to effectively zero total debt and a meaningful increase in equity to roughly $142M materially improves solvency and capital buffers. This reduces refinancing and liquidity risk, supports dividend capacity and loan growth, and enhances resilience through economic cycles.
Read all positive factors
Lake Shore Bancorp (LSBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$121.82M
Dividend Yield2.12%
Average Volume (3M)7.24K
Price to Earnings (P/E)14.6
Beta (1Y)0.26
Revenue Growth6.16%
EPS Growth68.02%
CountryUS
Employees93
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.08
Shares Outstanding7,862,790
10 Day Avg. Volume11,536
30 Day Avg. Volume7,244
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.77
Price to Sales (P/S)2.76
P/FCF Ratio14.66
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue3.00
Enterprise Value/Gross Profit4.11
Enterprise Value/Ebitda11.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lake Shore Bancorp Business Overview & Revenue Model
Company Description
Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club and ...
How the Company Makes Money
Lake Shore Bancorp primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is the spread between (1) interest and fees earned on interest-earning assets—principally...
Lake Shore Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.22M | 39.55M | 38.11M | 36.39M | 29.46M | 27.85M |
| Gross Profit | 29.39M | 28.06M | 25.85M | 28.04M | 26.32M | 24.53M |
| EBITDA | 10.44M | 9.21M | 6.61M | 7.03M | 7.73M | 8.34M |
| Net Income | 8.13M | 7.27M | 4.93M | 4.82M | 5.71M | 6.19M |
Balance Sheet | ||||||
| Total Assets | 722.01M | 727.32M | 685.50M | 725.12M | 699.91M | 713.74M |
| Cash, Cash Equivalents and Short-Term Investments | 2.95M | 116.82M | 89.63M | 114.17M | 82.68M | 156.38M |
| Total Debt | 0.00 | 1.33M | 10.25M | 35.25M | 37.55M | 21.95M |
| Total Liabilities | 579.63M | 585.68M | 595.64M | 638.85M | 618.73M | 625.76M |
| Stockholders Equity | 142.38M | 141.64M | 89.87M | 86.27M | 81.18M | 87.98M |
Cash Flow | ||||||
| Free Cash Flow | 9.65M | 7.44M | 2.51M | 5.81M | 7.80M | 7.92M |
| Operating Cash Flow | 10.07M | 8.00M | 2.51M | 6.21M | 8.21M | 8.55M |
| Investing Cash Flow | 78.00K | -8.13M | 21.12M | 19.52M | -57.20M | -5.74M |
| Financing Cash Flow | 21.03M | 31.28M | -44.22M | 18.37M | -8.95M | 21.80M |
Lake Shore Bancorp Technical Analysis
Neutral
14.33
Price Trends
15.49
Positive
15.33
Positive
14.34
Positive
Market Momentum
0.05
Positive
50.00
Neutral
39.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LSBK, the sentiment is Neutral. The current price of 14.33 is below the 20-day moving average (MA) of 15.83, below the 50-day MA of 15.49, and below the 200-day MA of 14.34, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 39.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LSBK.
Lake Shore Bancorp Risk Analysis
Lake Shore Bancorp disclosed 37 risk factors in its most recent earnings report. Lake Shore Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lake Shore Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $113.42M | 8.83 | 9.18% | 1.81% | 8.55% | 25.00% | |
73 Outperform | $121.82M | 14.60 | 6.30% | 2.12% | 6.16% | 68.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $107.00M | 18.95 | 4.77% | 3.50% | -1.84% | -3.36% | |
64 Neutral | $107.51M | 9.35 | 14.94% | 6.08% | 11.40% | 29.64% | |
60 Neutral | $113.70M | -26.40 | -2.73% | 1.51% | -11.57% | -191.02% | |
54 Neutral | $84.78M | 8.22 | -3.21% | 2.86% | -4.84% | -557.25% |
* Financial Sector Average
LSBK
Lake Shore Bancorp
15.73
4.78
43.65%
MGYR
Magyar Bancorp
17.55
2.39
15.75%
PBHC
Pathfinder Bancorp
13.55
-2.26
-14.28%
PROV
Provident Financial Holdings
17.11
2.60
17.94%
RVSB
Riverview Bancorp
5.49
-0.31
-5.39%
UNB
Union Bankshares
23.30
-5.86
-20.10%
Lake Shore Bancorp Corporate Events
Executive/Board ChangesShareholder Meetings
Lake Shore Bancorp Shareholders Approve Governance and Compensation Measures
Positive
May 20, 2026
On May 20, 2026, Lake Shore Bancorp, Inc. shareholders held their annual meeting to vote on director elections, executive compensation matters, and auditor ratification. Investors re-elected three Class Three directors to terms expiring in 2029, a...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Lake Shore Bancorp Highlights Strong Results at Annual Meeting
Positive
May 20, 2026
On May 20, 2026, Lake Shore Bancorp, Inc. held its annual shareholders’ meeting in Dunkirk, New York, where management outlined governance proposals and reviewed the company’s recent performance. Shareholders were asked to elect three ...
Dividends
Lake Shore Bancorp Declares Quarterly Cash Dividend Payment
Positive
Apr 24, 2026
Lake Shore Bancorp, Inc., the Dunkirk, N.Y.-based holding company for community-focused Lake Shore Bank, operates ten full-service branches across Western New York and provides a wide array of retail and commercial lending and deposit services. It...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Lake Shore Bancorp Reaches Standstill Deal With Activist Investor
Positive
Mar 18, 2026
On March 17, 2026, Lake Shore Bancorp entered into a multiyear standstill agreement with the activist investor Stilwell Group that will run through the 2029 annual meeting, as part of which the company appointed veteran banker Dennis Pollack to th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.