Stock Analysis Report

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Last Updated

2021/08/04 22:13 UTC

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Company Financials

Executive Summary

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

Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

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

Stable Share Price: LSBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: LSBK's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




US Mortgage


US Market

1 Year Return




US Mortgage


US Market

Return vs Industry: LSBK underperformed the US Mortgage industry which returned 49.8% over the past year.

Return vs Market: LSBK exceeded the US Market which returned 34.7% over the past year.

Shareholder returns

7 Day0.6%1.3%0.9%
30 Day-0.4%-3.2%0.2%
90 Day0.7%-12.6%4.7%
1 Year43.7%39.8%54.3%49.8%36.8%34.7%
3 Year-2.6%-11.3%24.9%15.6%62.5%52.4%
5 Year32.7%15.1%64.4%40.6%123.1%98.4%

Long-Term 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


Is Lake Shore Bancorp undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: LSBK ($15.17) is trading above our estimate of fair value ($8.62)

Significantly Below Fair Value: LSBK is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: LSBK is poor value based on its PE Ratio (16.3x) compared to the US Mortgage industry average (12x).

PE vs Market: LSBK is good value based on its PE Ratio (16.3x) compared to the US market (18x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LSBK's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: LSBK's PB Ratio (1x) is in line with the US Mortgage industry average.

Future Growth

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


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lake Shore Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LSBK has high quality earnings.

Growing Profit Margin: LSBK's current net profit margins (24.6%) are higher than last year (19.2%).

Past Earnings Growth Analysis

Earnings Trend: LSBK's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: LSBK's earnings growth over the past year (40.7%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: LSBK earnings growth over the past year (40.7%) exceeded the Mortgage industry 40.2%.

Return on Equity

High ROE: LSBK's Return on Equity (6.4%) is considered low.

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

Financial Institutions Analysis

Asset Level: LSBK's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: LSBK has a sufficient allowance for bad loans (204%).

Low Risk Liabilities: 94% of LSBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: LSBK has an appropriate level of Loans to Assets ratio (76%).

Low Risk Deposits: LSBK's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: LSBK has an appropriate level of bad loans (0.5%).


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LSBK's dividend (3.69%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: LSBK's dividend (3.69%) is in the top 25% of dividend payers in the US market (3.54%)

Stability and Growth of Payments

Stable Dividend: LSBK's dividend payments have been volatile in the past 10 years.

Growing Dividend: LSBK's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.9%), LSBK's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Dan Reininga (62 yo)





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

Compensation vs Market: Dan's total compensation ($USD612.12K) is about average for companies of similar size in the US market ($USD551.07K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: LSBK's management team is seasoned and experienced (7 years average tenure).

Board Members

Experienced Board: LSBK's board of directors are considered experienced (3.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

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$86.050m
  • Shares outstanding: 5.67m
  • Website:

Number of Employees


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



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 savin...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 22:13
End of Day Share Price2021/08/03 00:00
Annual Earnings2020/12/31

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.