Lake Shore Bancorp, Inc.

Report azionario NasdaqGM:LSBK

Capitalizzazione di mercato: US$123.5m

Lake Shore Bancorp Gestione

Criteri Gestione verificati 3/4

Lake Shore Bancorp Il CEO è Kim Liddell, nominato in Apr2023, e ha un mandato di 3.08 anni. la retribuzione annua totale è $ 1.15M, composta da 52.5% di stipendio e 47.5% di bonus, comprese azioni e opzioni aziendali. possiede direttamente 1.58% delle azioni della società, per un valore di $ 1.95M. La durata media del mandato del team dirigenziale e del consiglio di amministrazione è rispettivamente 2.8 anni e 6.8 anni.

Informazioni chiave

Kim Liddell

Amministratore delegato

US$1.2m

Compenso totale

Percentuale dello stipendio del CEO52.48%
Mandato del CEO3.1yrs
Proprietà del CEO1.6%
Durata media del management2.8yrs
Durata media del Consiglio di amministrazione6.8yrs

Aggiornamenti recenti sulla gestione

Recent updates

Seeking Alpha • Apr 10

Even After Recent Gains, The Valuation Is Still Compelling For Lake Shore Bancorp

Summary Lake Shore Bancorp remains a Buy, driven by strong 2025 earnings, improved margins, and a compelling valuation below tangible book value. LSBK ended 2025 with a record net income of $7.3 million and a 56.4% increase in tangible book value per share to $18.10. Key operational improvements include a 52 bps net interest margin expansion, efficiency ratio gains, reduced borrowings, and nonperforming assets at just 0.23%. Risks include geographic concentration, CRE exposure, micro-cap liquidity, and a short public track record, but 2026 prospects remain positive ahead of Q1 earnings. Read the full article on Seeking Alpha
Seeking Alpha • Oct 20

Lake Shore Bancorp: Attractive Dividend Yield, Payout Appears Secure Due To The Earnings Outlook

Summary The top line is moderately rate sensitive. Therefore, the rising rate environment will lift the margin and support earnings. Loan growth will likely remain at a satisfactory level thanks to New York’s economic activity. LSBK is offering a high dividend yield of over 5%. The dividend appears secure due to a positive earnings outlook for next year and adequate capitalization. The December 2022 target price suggests a high upside from the current market price. Earnings of Lake Shore Bancorp, Inc. (LSBK) will likely stay flattish this year and then grow at a healthy rate next year. Moderate loan growth and margin expansion will likely sustain earnings through the end of 2023. I'm expecting Lake Shore Bancorp to report earnings of $1.02 per share for 2022 and $1.17 per share for 2023. The year-end target price suggests a high upside from the current market price. Further, Lake Shore Bancorp is offering an attractive dividend yield. Based on the total expected return, I'm adopting a buy rating on Lake Shore Bancorp. New York's Economy to Sustain Loan Growth Lake Shore Bancorp's loan book grew by 5.8% during the first half of the year (11.6% annualized) which is quite good from a historical perspective. I'm expecting loan growth rate to be lower in the second half of the year compared to both the first half of 2022 and previous years. This is because interest rates are currently at the highest level since 2008. High borrowing costs are bound to dampen credit demand. However, strength in other economic factors can keep loan growth at a satisfactory level. Lake Shore Bancorp operates in the Chautauqua and Erie counties of Western New York. Excluding New York City, the state's economy is currently in very good shape. The unemployment rate is near record lows and below the national average, as shown below. Data by YCharts Further, the economic activity is recovering at a good pace compared to the past, as shown below. The Federal Reserve Bank of Philadelphia Considering these factors, I'm expecting the loan portfolio to grow by 1.25% every quarter till the end of 2023. This is at the lower end of the historical growth rate trend. Securities, Adjustable-Rate Deposits to Restrict Margin Expansion Lake Shore Bancorp’s deposit cost is quite rate sensitive because of the large balance of deposits with adjustable rates. These deposits, namely interest-bearing demand, NOW, money market, and savings accounts made up 56% of total deposits during the second quarter of 2022, according to details given in the 10-Q Filing. The large balance of debt securities will further hold back margin expansion as most securities are based on fixed rates. Securities made up 12% of total earning assets at the end of June 2022. Historically, Lake Shore Bancorp's margin has been only slightly correlated with interest rates, as shown below. SEC Filings, The Federal Reserve Bank of St. Louis Considering these factors, I'm expecting the margin to grow by 30 basis points in the second half of 2022 and 10 basis points in 2023. Earnings Likely to be Flattish this Year Before Surging Next Year The anticipated loan growth and margin expansion will support earnings through the end of 2023. On the other hand, an inflation-driven surge in salary and other non-interest expenses will drag earnings. Meanwhile, I'm expecting the provision expense to make up around 0.14% of total loans (annualized) in every quarter till the end of 2023, which is the same as the as the average from 2017 to 2019. Overall, I'm expecting Lake Shore Bancorp to report earnings of $1.02 per share for 2022, down by just 3% year-over-year. For 2023, I'm expecting earnings to grow by 15% to $1.17 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 18 19 20 22 24 28 Provision for loan losses 0 1 2 1 1 1 Non-interest income 2 2 3 3 3 3 Non-interest expense 15 16 16 17 19 21 Net income - Common Sh. 4 4 5 6 6 7 EPS - Diluted ($) 0.66 0.68 0.77 1.05 1.02 1.17 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Actual earnings may differ materially from estimates because of the risks and uncertainties related to inflation, and consequently the timing and magnitude of interest rate hikes. Further, a stronger or longer-than-anticipated recession can increase the provisioning for expected loan losses beyond my estimates. Future Equity Book Value Erosion to Hurt Market Valuation Lake Shore Bancorp's equity book value has dropped by 8% during the first half of the year mostly because of the accumulation of unrealized losses on the available-for-sale (“AFS”) securities portfolio. As interest rates surged, the market value of fixed-rate AFS securities plunged, leading to unrealized losses. These losses reduced the equity book value after bypassing the income statement. Further equity book value attrition is likely because of the 150 basis points hike in fed funds rate during the third quarter and the expectation of further rate hikes through 2023. Overall, I'm expecting the equity book value to drop by 6% in the second half of 2022 due to the mark-to-market losses. The drop in equity book value will hurt Lake Shore Bancorp’s market value, as discussed below. The following table shows my balance sheet estimates.
Seeking Alpha • Jul 20

Lake Shore Bancorp raises dividend by 12.5% to $0.18/share

Lake Shore Bancorp (NASDAQ:LSBK) declares $0.18/share quarterly dividend, 12.5% increase from prior dividend of $0.16. Forward yield 5.2% Payable Aug. 19; for shareholders of record Aug. 2; ex-div Aug. 1. See LSBK Dividend Scorecard, Yield Chart, & Dividend Growth.
Articolo di analisi • Feb 15

Lake Shore Bancorp (NASDAQ:LSBK) Is Increasing Its Dividend To US$0.16

The board of Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) has announced that it will be increasing its dividend on the 17th...
Articolo di analisi • May 13

Shareholders May Not Be So Generous With Lake Shore Bancorp, Inc.'s (NASDAQ:LSBK) CEO Compensation And Here's Why

In the past three years, the share price of Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) has struggled to generate growth...
Articolo di analisi • Mar 29

Is Lake Shore Bancorp, Inc. (NASDAQ:LSBK) A Great Dividend Stock?

Dividend paying stocks like Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) tend to be popular with investors, and for good...
Articolo di analisi • Feb 20

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Pays A US$0.13 Dividend In Just Four Days

It looks like Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) is about to go ex-dividend in the next 4 days. Investors can...
Articolo di analisi • Jan 27

A Look At Lake Shore Bancorp's (NASDAQ:LSBK) Share Price Returns

For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...
Articolo di analisi • Dec 05

Is Lake Shore Bancorp, Inc. (NASDAQ:LSBK) A Smart Pick For Income Investors?

Is Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) a good dividend stock? How can we tell? Dividend paying companies with...

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Kim Liddell rispetto agli utili di Lake Shore Bancorp?
DataCompenso totaleStipendioUtili della società
Mar 31 2026n/an/a

US$8m

Dec 31 2025US$1mUS$605k

US$7m

Sep 30 2025n/an/a

US$7m

Jun 30 2025n/an/a

US$6m

Mar 31 2025n/an/a

US$5m

Dec 31 2024US$1mUS$561k

US$5m

Sep 30 2024n/an/a

US$4m

Jun 30 2024n/an/a

US$4m

Mar 31 2024n/an/a

US$4m

Dec 31 2023US$727kUS$370k

US$5m

Compensazione vs Mercato: La retribuzione totale di Kim ($USD 1.15M ) è superiore alla media delle aziende di dimensioni simili nel mercato US ($USD 638.05K ).

Compensazione vs guadagni: La retribuzione di Kim è stata coerente con le performance aziendali dell'ultimo anno.

AMMINISTRATORE DELEGATO

Kim Liddell (64 yo)

3.1yrs
Mandato
US$1,152,747
Compensazione

Mr. Kim C. Liddell serves as President, CEO & Director of Lake Shore, MHC since May 2023. He is Chief Executive Officer, President and Director of Lake Shore Bancorp, Inc. from April 19, 2023. He served as...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
Kim Liddell
CEO, President & Director3.1yrsUS$1.15m1.58%
$ 1.9m
Taylor Gilden
CFO & Treasurer2.8yrsUS$444.15k0.32%
$ 397.3k
Jeffrey Werdein
Executive Vice President of Commercial Division3.1yrsUS$512.65k1.08%
$ 1.3m
Melissa Sprague
Chief Operation Officer2.3yrsNessun datoNessun dato
Tamara Bellanti
Senior Vice President of Human Resourcesno dataNessun datoNessun dato
Eric Hohenstein
Corporate Secretaryno dataNessun datoNessun dato
Benjamin Pietak
Controller1.3yrsNessun datoNessun dato
2.8yrs
Durata media
58yo
Età media

Gestione esperta: Il team dirigenziale di LSBK è considerato esperto (durata media dell'incarico 2.8 anni).

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
Kim Liddell
CEO, President & Director3.1yrsUS$1.15m1.58%
$ 1.9m
Dennis Pollack
Independent Directorless than a yearNessun datoNessun dato
James Foley
Director Emeritusno dataUS$12.07kNessun dato
Reginald Corsi
Director Emeritusno dataUS$20.47kNessun dato
Sharon Brautigam
Independent Vice Chairperson22.3yrsUS$56.56k0.56%
$ 695.5k
John Mehltretter
Independent Director9.5yrsUS$67.40k0.50%
$ 621.9k
Kevin Sanvidge
Independent Chairman of the Board14.3yrsUS$87.04k0.77%
$ 949.7k
Michelle DeBergalis
Independent Director4.3yrsUS$116.03k0.11%
$ 141.6k
Ann Segarra
Independent Director2.5yrsUS$151.14k1.13%
$ 1.4m
John McGrath
Independent Director6.8yrsUS$68.52k1.15%
$ 1.4m
Ronald Passafaro
Independent Director6.8yrsUS$72.29k0.61%
$ 758.2k
6.8yrs
Durata media
69yo
Età media

Consiglio di amministrazione esperto: I membri del consiglio di amministrazione di LSBK sono considerati esperti (durata media dell'incarico 6.8 anni).

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/22 04:07
Prezzo dell'azione a fine giornata2026/05/22 00:00
Utili2026/03/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

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Metriche di settore e industriali

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Fonti analitiche

Lake Shore Bancorp, Inc. è coperta da 0 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.