LSBK
Lake Shore Bancorp, Inc.Financial Services·Banks - Regional
$15.56
$122M market cap
Revenue
$19.9M
Free Cash Flow
$5.0M
Rev Growth
+0.0%
FCF Margin
24.9%
P/FCF
24.7x
EV/FCF
24.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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 savings deposits, including Christmas Club and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts, such as demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and a
2-Year Price History
$15.70+75.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 9.8 | 2.5 | 2.4 | 1.9 | 2.8 | 2.8 | -0.0 | 3.0 | 0.0 | 7.4 | 16.7% | 1.0x | -- |
| Act | 2025-Q4 | 10.1 | 2.5 | 2.4 | 1.9 | 2.2 | 2.2 | -0.0 | 116.8 | 1.3 | 7.4 | 16.3% | 0.9x | -- |
Valuation & Metrics
Market Stats
Price$15.56
Market Cap$122M
Enterprise Value$119M
P/S Ratio6.2x
P/FCF24.7x
EV/FCF24.1x
FCF Margin (TTM)24.9%
FCF Yield4.0%
Dividend Yield (TTM)2.3%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$19.9M
Net Income$3.9M
Free Cash Flow$5.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin25.1%
Net Margin19.4%
FCF Margin24.9%
CapEx % of Revenue0.1%
SBC % of Revenue0.9%
ROIC16.5%
WC Change % Rev0.0%
Interest Coverage0.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover2.8
Change (vs Prior)-21.5%
Need at least 2 settlement dates for chart
Employees
Headcount93
Revenue / Employee$213,957
Gross Profit / Employee$158,935
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
26.0%(+26.0% YoY)
24 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
1.4%(+1.4% YoY)
5 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Stilwell Value LLC | $11.7M | $12.84 | +$0 | +$11.7M | -0.5% | $96.1M |
| ALLIANCEBERNSTEIN L.P. | $6.6M | $13.28 | +$642K | +$6.6M | -0.3% | $307.70B |
| Oppenheimer & Close, LLC | $2.7M | $12.76 | +$0 | +$2.7M | +1.0% | $159M |
| MANGROVE PARTNERS | $2.3M | $12.79 | +$0 | +$2.3M | +1.6% | $1.23B |
| HBK Sorce Advisory LLC | $1.4M | $12.76 | +$0 | +$1.4M | -0.1% | $4.86B |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC | $1.1M | $12.79 | −$33K | +$1.1M | -0.6% | $113M |
| RENAISSANCE TECHNOLOGIES LLC | $1.0M | $13.08 | −$15K | +$1.0M | +1.2% | $63.91B |
| Peapod Lane Capital LLC | $1.0M | $12.77 | +$0 | +$1.0M | -0.9% | $122M |
| RAYMOND JAMES FINANCIAL INC | $802K | $15.09 | +$797K | +$802K | -0.0% | $322.69B |
| DIMENSIONAL FUND ADVISORS LPPassive | $694K | $12.80 | +$10K | +$694K | -0.4% | $480.92B |
| Minerva Advisors LLC | $672K | $12.76 | +$0 | +$672K | -1.8% | $155M |
| MORGAN STANLEY | $454K | $12.98 | +$42K | +$454K | -0.3% | $1.65T |
| COURIER CAPITAL LLC | $390K | $12.76 | +$0 | +$390K | -1.2% | $1.76B |
| FIRST MANHATTAN CO | $381K | $12.76 | +$0 | +$381K | -0.2% | $36.06B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $367K | $15.09 | +$365K | +$367K | — | $4.04T |
| ACADIAN ASSET MANAGEMENT LLC | $328K | $14.68 | +$106K | +$328K | -0.5% | $70.48B |
| Sandhill Capital Partners LLC | $275K | $12.76 | −$28K | +$275K | -0.9% | $1.16B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $272K | $12.76 | −$131K | +$272K | +2.3% | $1.61T |
| Round Hill Asset Management | $239K | $12.76 | +$0 | +$239K | -1.5% | $153M |
| HPM Partners LLC | $233K | $12.76 | +$0 | +$233K | -0.1% | $70.24B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.06%
avg per quarter
Holders (ex-self)
-0.15%
excl. this stock
Buyers (this Q)
-0.19%
12 buyers · $0.00B in
Sellers (this Q)
-7.43%
7 sellers · $0.00B out
alpha coverage: 98% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-1.3%
how holders react when this stock falls
On quiet Qs
+1.5%
−10% to +10% baseline
On rallies (+10%+)
+2.5%
how they react when this stock rises
Holders' portfolio flow this Q
-3.9%
outflows — trims may be forced
Sellers' portfolio flow this Q
+1.8%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 73.4%
Stilwell Value LLC--
ALLIANCEBERNSTEIN L.P.--
Oppenheimer & Close, LLC--
MANGROVE PARTNERS--
HBK Sorce Advisory LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Stilwell Value LLC774KALLIANCEBERNSTEIN L.P.449KOppenheimer & Close, LLC180KMANGROVE PARTNERS151KHBK Sorce Advisory LLC88KGRAHAM CAPITAL WEALTH MANAGEMENT, LLC75KRENAISSANCE TECHNOLOGIES LLC69KPeapod Lane Capital LLC69KM3F, Inc.—RAYMOND JAMES FINANCIAL INC53K
Corporate
Order Flow (FINRA, ~3w lag)
42.8%retail-9.0pp
3.6%dark+1.6pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
LSBK: Model Swaps and Unrealized Bond Losses Mask Asset Quality Decay
Overall Risk
6/10
Fraud
3/10
Dilution
7/10
Insolvency
4/10
Earnings Overstated
6/10
Hidden Liabilities
6/10
Legal
3/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
6/10