Lake Shore Bancorp, Inc. is a US-listed company in the regional banks industry. Its financial year ends in December.
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Third-party market data · may be delayed
~$15
Valuation models combined (6)
Base case. Range ~$10–$21. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Lake Shore Bancorp, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $30m. Our cash-flow model value is $17.02 a share, against a share price of $19.02.
Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Net margin expanding: TTM net margin reached 28.2%, up 5.7pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
No figure in Lake Shore Bancorp, Inc.'s latest results trips our warning thresholds.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
We value Lake Shore Bancorp, Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$15 ~$9.8–$22 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$13 ~$11–$16 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$21 ~$11–$31 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$15 ~$19–$29 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$10 ~$12–$16 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$14 ~$11–$17 | Included |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$15 ~$10–$21 | 6 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lake Shore Bancorp, Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: January 20, 2027, after the close.
No analyst estimates are published for Lake Shore Bancorp, Inc.: too few analysts cover it.
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY25 Q1 | $24.7M |
| FY25 Q2 | $25.7M |
| FY25 Q3 | $26.9M |
| FY25 Q4 | $27.8M |
| FY26 Q1 | $29M |
| FY26 Q2 | $29.7M |
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|
| Income | |||
| Revenue | 24 | 28 | 30 |
| Net income | 5 | 7 | 8 |
| Diluted EPS | $0.65 | $0.97 | $1.14 |
| Growth (year on year) | |||
| Revenue | — | +14.2% | +15.7% |
| Net income | — | +47.4% | +45.2% |
| Diluted EPS | — | +49.2% | — |
| Margins | |||
| Net margin | 20.2% | 26.1% | 28.2% |
| Cash flow | |||
| Cash from operations | 3 | 8 | 11 |
| Balance sheet | |||
| Cash | 33 | 64 | 72 |
| Total debt | 10 | 0 | 0 |
| Net debt (negative = net cash) | −23 | −64 | −72 |
| Diluted shares | 8m | 8m | 7m |
| Returned to shareholders | |||
| Dividends | 1 | 2 | 3 |
| Buybacks | 0 | 0 | 0 |
| Total returned | 1 | 2 | 3 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 6,174 | 6,408 | 6,189 | 6,922 | 7,420 | 7,306 | 7,363 | 7,642 |
| Net income | 1,332 | 1,469 | 1,057 | 1,919 | 2,359 | 1,934 | 1,923 | 2,173 |
| Diluted EPS | $0.18 | $0.19 | $0.14 | $0.25 | $0.32 | $0.27 | $0.26 | $0.29 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | +16.5% | +20.2% | +14.0% | +19.0% | +10.4% |
| Net income | — | — | — | +72.0% | +77.1% | +31.7% | +81.9% | +13.2% |
| Diluted EPS | — | — | — | +31.6% | +77.8% | +42.1% | +85.7% | +16.0% |
| Margins | ||||||||
| Net margin | 21.6% | 22.9% | 17.1% | 27.7% | 31.8% | 26.5% | 26.1% | 28.4% |
| Free-cash-flow margin | −23.0% | — | 9.2% | 20.3% | 44.4% | — | 37.8% | 29.6% |
| Cash flow | ||||||||
| Cash from operations | −1,417 | 3,383 | 718 | 1,792 | 3,339 | 2,149 | 2,790 | 2,339 |
| Capital spending | 0 | — | 150 | 386 | 41 | — | 8 | 80 |
| Free cash flow | −1,417 | — | 568 | 1,406 | 3,298 | — | 2,782 | 2,259 |
| Last 12 months unless stated | LSBK | BAFN | SRBK | AUBN | HFBL | BYFC | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $30m | $33m | $33m | $34m | $24m | $39m | $255m |
| Revenue growth, last 12 months | 15.7% | −64.7% | 0.4% | 9.2% | 18.3% | 14.2% | 12.6% |
| Revenue growth, 3-year average | — | −24.0% | — | −0.8% | 1.1% | 3.9% | 6.0% |
| Revenue growth, latest quarter | 10.4% | −88.5% | −8.3% | 7.8% | 15.1% | 28.7% | 10.7% |
| Net margin | 28.2% | −182.3% | 10.0% | 24.5% | 25.2% | −53.8% | 28.7% |
| Cash from operations / revenue | 35.7% | 443.1% | 32.0% | 33.9% | 31.2% | 17.5% | 34.3% |
| Free-cash-flow margin | — | 442.7% | 29.5% | 27.6% | 26.6% | 16.0% | 31.4% |
| Free-cash-flow margin, 3-year average | — | 434.7% | 18.1% | 30.0% | 18.2% | 10.4% | 29.9% |
| Stock pay / revenue | — | 0.4% | 6.4% | 0.3% | 0.8% | 1.7% | 1.2% |
| Change in share count | — | −0.5% | −9.6% | 0.0% | −0.5% | 0.6% | 0.4% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Stilwell Value LLC | $13.8M | 774K | 35.0% | 0.0% |
| Alliancebernstein L.P. | $7.7M | 506K | 19.5% | ▲ 12.7% |
| Oppenheimer & Close, LLC | $3.2M | 180K | 8.1% | 0.0% |
| Mangrove Partners Im, LLC | $2.7M | 151K | 6.8% | 0.0% |
| HBK Sorce Advisory LLC | $1.5M | 85K | 3.7% | ▼ 3.3% |
| Graham Capital Wealth Management, LLC | $1.3M | 75K | 3.4% | ▼ 0.9% |
| Peapod Lane Capital LLC | $1.2M | 70K | 3.2% | ▲ 1.6% |
| Renaissance Technologies LLC | $1.2M | 66K | 3.0% | ▼ 4.9% |
| Dimensional Fund Advisors LP | $853,089 | 48K | 2.2% | ▲ 4.9% |
| Minerva Advisors LLC | $788,253 | 44K | 2.0% | 0.0% |
| Morgan Stanley | $536,672 | 30K | 1.4% | ▲ 0.8% |
| Acadian Asset Management LLC | $528,000 | 30K | 1.3% | ▲ 37.4% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lake Shore Bancorp, Inc.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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