Added to YB: 2025-08-21
Pitch date: 2025-08-18
LSBK [bullish]
Lake Shore Bancorp, Inc.
+25.03%
current return
Author Info
Lone Elm Capital looks for undervalued securities, and generally am long-only. The situations usually take a while to develop, and winners may take 1-3 years to play out. Losers become apparent much more quickly. In a good year, I might find a couple good situations (and several bad ones). I tend to buy mid-to-high single digit positions, scaling in as I gain conviction. Sign up for the newsletter.
Company Info
Lake Shore Bancorp, Inc. operates as the bank holding company for Lake Shore Bank that provides banking products and services in New York.
Market Cap
$124.6M
Pitch Price
$12.56
Price Target
N/A
Dividend
2.27%
EV/EBITDA
N/A
P/E
14.56
EV/Sales
N/A
Sector
Banks
Category
special_situation
Quick Idea: $LSBK
LSBK: Small regional bank post-demutualization at 0.7x BV ($17.89). $100M mkt cap, $75M cash. Activist Stilwell (9.4% stake) targeting cost cuts in inefficient bank (72% efficiency ratio, 6% ROE). Risk: 70% of assets in loans, 50%+ in CRE. Buybacks likely in 1yr, merger in 3yrs.
Read full article (2 min)