CFSB Bancorp (NASDAQ:CFSB) Shares Up 0.3% - Should You Buy?

Key Points

• CFSB Bancorp's share price rose by 0.3% during trading, reaching $13.96, with a notable increase in trading volume of 1,016% compared to the average session.
• Institutional investors have recently increased their stakes in CFSB Bancorp, with Geode Capital Management growing its ownership by 31.0% in the second quarter alone.
• CFSB Bancorp operates as a holding company for Colonial Federal Savings Bank, providing a variety of financial services to individuals and small businesses.

CFSB Bancorp, Inc. (NASDAQ:CFSB - )'s share price shot up 0.3% during trading on Tuesday . The company traded as high as $13.95 and last traded at $13.96. 12,640 shares changed hands during mid-day trading, an increase of 1,016% from the average session volume of 1,132 shares. The stock had previously closed at $13.92.

CFSB Bancorp Stock Up 0.3%

The business has a fifty day moving average price of $13.85 and a 200 day moving average price of $10.70.

Institutional Investors Weigh In On CFSB Bancorp

A number of large investors have recently modified their holdings of the stock. Longfellow Investment Management Co. LLC acquired a new stake in shares of CFSB Bancorp in the second quarter valued at about $75,000. Geode Capital Management LLC grew its stake in shares of CFSB Bancorp by 31.0% in the second quarter. Geode Capital Management LLC now owns 24,642 shares of the company's stock valued at $338,000 after buying an additional 5,826 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of CFSB Bancorp in the second quarter valued at about $383,000. Institutional investors and hedge funds own 1.39% of the company's stock.

About CFSB Bancorp

CFSB Bancorp, Inc focuses on operating as a holding company for Colonial Federal Savings Bank that provides various financial services to individuals and small businesses. It accepts various deposits, including non-interest-bearing checking accounts, interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposit.

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