Based on ratings from 0 stock analysts, the Lake Shore Bancorp Inc stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for Lake Shore Bancorp Inc. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
LSBK is a stock in Financial Services which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end LSBK is forecasted to be $ by from .
These are the latest 20 analyst ratings of LSBK.
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When did it IPO
2006
Staff Count
115
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Kim C. Liddell
Market Cap
$78.4M
In 2023, LSBK generated $27.0M in revenue, which was a decrease of -0.18% from the previous year. This can be seen as a signal that LSBK's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Lake Shore Savings Bank has received a termination notice for its Consent Order from the OCC, ending previous deficiencies in IT, security, and compliance. The bank's "Troubled Condition" status is also lifted.
Why It Matters - The termination of the Consent Order and "Troubled Condition" status signals improved regulatory standing and operational stability for Lake Shore Savings Bank, potentially boosting investor confidence and stock value.
Summary - Lake Shore Bancorp, Inc. (NASDAQ: LSBK) declared a cash dividend of $0.18 per share, payable on November 8, 2024, to shareholders on record by November 4, 2024. Approval received from the Federal Reserve.
Why It Matters - The declaration of a cash dividend signals financial health and stability, potentially attracting investors seeking income and confidence in the company's performance.
Summary - Lake Shore Bancorp reported Q3 2024 net income of $1.3 million ($0.24/share), up from Q2's $1.1 million. Year-to-date income is $3.5 million, down from $4.1 million in 2023. Organic deposits rose 2.2%.
Why It Matters - Lake Shore Bancorp's rising net income and reduced expenses indicate improved profitability, which may enhance shareholder value and attract investor interest. Organic deposit growth signals financial stability.
Summary - Lake Shore Bancorp, Inc. (NASDAQ: LSBK) declared a cash dividend of $0.18 per share, payable on August 16, 2024, to stockholders of record as of August 12, 2024, with Federal Reserve approval.
Why It Matters - Lake Shore Bancorp's declaration of a cash dividend signals strong financial health and confidence in future earnings, which can attract investors seeking income and stability.
Summary - Lake Shore Bancorp, Inc. reported Q2 2024 net income of $1.1M ($0.19/share), up from $816K ($0.14/share) in Q2 2023. H1 2024 net income declined to $2.1M from $2.5M in H1 2023.
Why It Matters - Lake Shore Bancorp's rising Q2 net income and reduced reliance on wholesale funding indicate improved financial health, potentially boosting investor confidence and stock performance.
Summary - Lake Shore Bancorp, Inc. (NASDAQ: LSBK) has received approval from the Federal Reserve Bank of Philadelphia to pay a cash dividend of $0.18 per share to stockholders.
Why It Matters - Lake Shore Bancorp's approval to pay a dividend signals financial health and management confidence, potentially attracting investors seeking income and stability in their portfolios.