CFSB Bancorp (NASDAQ:CFSB) Stock Price Down 1.3% - Here's What Happened

Key Points

• CFSB Bancorp shares fell by 1.3% to $14.02, with trading volume significantly up at 12,225 shares compared to an average of 4,294 shares.
• The company reported a revenue of $2.08 million for the quarter, with an EPS of ($0.01) and negative margins.
• Institutional investors have recently increased their holdings, with notable stakes acquired by Geode Capital Management and Skandinaviska Enskilda Banken.

CFSB Bancorp, Inc. (NASDAQ:CFSB - Get Free Report)'s share price dropped 1.3% during mid-day trading on Monday . The company traded as low as $14.02 and last traded at $14.02. Approximately 12,225 shares were traded during trading, an increase of 185% from the average daily volume of 4,294 shares. The stock had previously closed at $14.21.

CFSB Bancorp Stock Performance

The company has a market capitalization of $91.83 million, a price-to-earnings ratio of -350.50 and a beta of 0.50. The business's 50-day simple moving average is $13.97 and its 200-day simple moving average is $11.56.

CFSB Bancorp (NASDAQ:CFSB - Get Free Report) last released its earnings results on Thursday, September 18th. The company reported ($0.01) earnings per share (EPS) for the quarter. CFSB Bancorp had a negative net margin of 1.92% and a negative return on equity of 0.35%. The business had revenue of $2.08 million for the quarter.

Institutional Trading of CFSB Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in CFSB Bancorp by 31.0% during the 2nd quarter. Geode Capital Management LLC now owns 24,642 shares of the company's stock worth $338,000 after purchasing an additional 5,826 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new position in CFSB Bancorp during the 2nd quarter worth approximately $75,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of CFSB Bancorp in the 2nd quarter valued at approximately $383,000. 1.39% of the stock is owned by institutional investors.

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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