NasdaqGM:LSBK

Stock Analysis Report

Executive Summary

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services.

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.

Risks

  • Lake Shore Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

How has Lake Shore Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

LSBK

-0.08%

US Mortgage

-0.2%

US Market


1 Year Return

-13.7%

LSBK

4.6%

US Mortgage

1.1%

US Market

LSBK underperformed the Mortgage industry which returned 5% over the past year.

LSBK underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

LSBKIndustryMarket
7 Day-1.2%-0.08%-0.2%
30 Day-1.7%4.5%2.5%
90 Day-1.9%4.8%1.6%
1 Year-11.0%-13.7%6.9%4.6%3.4%1.1%
3 Year18.4%10.0%38.6%29.2%45.2%35.8%
5 Year33.2%18.7%69.1%51.1%62.6%44.8%

Price Volatility Vs. Market

How volatile is Lake Shore Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 month ago | Simply Wall St

Don't Buy Lake Shore Bancorp, Inc. (NASDAQ:LSBK) For Its Next Dividend Without Doing These Checks

Valuation

Is Lake Shore Bancorp undervalued based on future cash flows and its price relative to the stock market?

23.64x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Lake Shore Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Lake Shore Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Lake Shore Bancorp is overvalued based on earnings compared to the US Mortgage industry average.

Lake Shore Bancorp is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Lake Shore Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Lake Shore Bancorp is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Lake Shore Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Lake Shore Bancorp is high growth as no revenue estimate data is available.

Lake Shore Bancorp's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).

Unable to compare Lake Shore Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Lake Shore Bancorp's earnings growth is positive but not above the United States of America market average.

Lake Shore Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Lake Shore Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Lake Shore Bancorp performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lake Shore Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Lake Shore Bancorp's 1-year earnings growth exceeds its 5-year average (8.6% vs 1.7%)

Lake Shore Bancorp's earnings growth has not exceeded the US Mortgage industry average in the past year (8.6% vs 31.9%).


Return on Equity

Lake Shore Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lake Shore Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Lake Shore Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Lake Shore Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Lake Shore Bancorp has an acceptable proportion of non-loan assets held.

Lake Shore Bancorp has a sufficient allowance for bad loans.

Lake Shore Bancorp's liabilities are made up of primarily low risk sources of funding.

Lake Shore Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Lake Shore Bancorp are broadly funded by customer deposits.

Lake Shore Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Lake Shore Bancorp's current dividend yield, its reliability and sustainability?

3.26%

Current Dividend Yield


Dividend Yield and Payments Analysis

Lake Shore Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Lake Shore Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Lake Shore Bancorp's salary, the management and board of directors tenure and is there insider trading?

4.7yrs

Average management tenure


CEO

Dan Reininga (60yo)

8.7yrs

Tenure

US$470,023

Compensation

Mr. Daniel P. Reininga, also known as Dan, is the President and Chief Executive Officer of Lake Shore Bancorp, Inc. (MHC) and Lake Shore Savings Bank (MHC) in January 28, 2011. He serves as the Director at ...


CEO Compensation Analysis

Dan's remuneration is about average for companies of similar size in United States of America.

Dan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.7yrs

Average Tenure

50yo

Average Age

The tenure for the Lake Shore Bancorp management team is about average.


Board Age and Tenure

8.6yrs

Average Tenure

64yo

Average Age

The tenure for the Lake Shore Bancorp board of directors is about average.


Insider Trading

Lake Shore Bancorp individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$17,89015 Aug 19
Daniel Reininga
EntityIndividual
Role
Chief Executive Officer
President
Shares1,217
Max PriceUS$14.70
BuyUS$1,43808 May 19
Tracy Bennett
EntityIndividual
Role
Member of the Board of Directors
Director
Shares96
Max PriceUS$14.98
BuyUS$39,70825 Mar 19
John Mehltretter
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$16.47
SellUS$7,37125 Oct 18
Jeffrey Werdein
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial Division
Shares471
Max PriceUS$15.65
SellUS$1,28325 Oct 18
Beverly Sutton
EntityIndividual
Role
Other Key Executive
Vice President of Retail Banking Operations
Shares82
Max PriceUS$15.65

Ownership Breakdown


Management Team

  • Dan Reininga (60yo)

    President

    • Tenure: 8.7yrs
    • Compensation: US$470.02k
  • Rachel Foley (50yo)

    CFO & Treasurer

    • Tenure: 13.5yrs
    • Compensation: US$262.17k
  • Steven Schiavone (40yo)

    Controller & Principal Accounting Officer

    • Tenure: 0.7yrs
  • Nicole May

    Compliance & CRA Officer

    • Tenure: 3.8yrs
  • John Huber

    Vice President & Regional Branch Sales Manager of Lake Shore Savings Bank

    • Tenure: 0yrs
  • Beverly Sutton (49yo)

    Vice President of Retail Banking Operations

    • Tenure: 4.3yrs
    • Compensation: US$142.88k
  • Janinne Dugan

    VP & HR Officer

    • Tenure: 25.7yrs
  • Jeff Werdein (52yo)

    Executive Vice President of Commercial Division

    • Tenure: 5.1yrs
    • Compensation: US$356.32k
  • Wendy Harrington

    Corporate Secretary

    • Tenure: 0yrs
  • Brenda Mikolajczak

    Assistant VP and Marketing & Sales Director

    • Tenure: 3.7yrs

Board Members

  • Nancy Yocum (72yo)

    Director

    • Tenure: 24.7yrs
    • Compensation: US$40.95k
  • Gary Winger (74yo)

    Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: US$69.12k
  • Dan Reininga (60yo)

    President

    • Tenure: 8.7yrs
    • Compensation: US$470.02k
  • Dave Mancuso (73yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$38.80k
  • Sharon Brautigam (63yo)

    Director

    • Tenure: 15.7yrs
    • Compensation: US$41.12k
  • Tracy Bennett (68yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$39.57k
  • Jack Mehltretter (60yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$34.35k
  • Kevin Sanvidge (64yo)

    Vice Chairman of the Board

    • Tenure: 1.7yrs
    • Compensation: US$40.73k
  • Susan Ballard (55yo)

    Director

    • Tenure: 7.7yrs
    • Compensation: US$40.18k
  • John McGrath

    Director

    • Tenure: 0.08yrs

Company Information

Lake Shore Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lake Shore Bancorp, Inc.
  • Ticker: LSBK
  • Exchange: NasdaqGM
  • Founded: 1891
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$85.573m
  • Shares outstanding: 5.81m
  • Website: https://www.lakeshoresavings.com

Number of Employees


Location

  • Lake Shore Bancorp, Inc.
  • 31 East Fourth Street
  • Dunkirk
  • New York
  • 14048
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LSBKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDApr 2006

Biography

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:37
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.