In a recent transaction filed with the Securities and Exchange Commission, Paul N. Baharian, a director at CFSB Bancorp, Inc. /MA/ (NASDAQ:CFSB), purchased 1,000 shares of the company's common stock. The stock was acquired at an average price of $7.562 per share, totaling an investment of $7,562.
This purchase increases Baharian's direct holdings in the company to 19,000 shares, as indicated by the filing. The transaction, dated March 18, 2024, reflects the director's growing stake in the federally chartered savings institution.
The filing also notes that Baharian holds an additional 6,000 shares of CFSB Bancorp's common stock, including restricted stock which vests at a rate of 20% per year starting February 22, 2024. Furthermore, the document reveals that Baharian has 14,000 stock options that vest at the same rate, commencing on the same date.
Investors often view insider purchases as a sign of confidence in the company's future prospects. With this latest acquisition, Baharian's increased investment in CFSB Bancorp may be seen as a positive indicator by the market.
The reported transactions are part of a Form 4 filing, which is used by insiders to report trades in their company's shares. These filings provide transparency for investors and regulators by disclosing the trading activities of senior executives and members of the board.
InvestingPro Insights
Amidst the news of insider trading activity at CFSB Bancorp, Inc. /MA (NASDAQ:CFSB), current market data reflects a nuanced financial landscape for the company. With a market capitalization of approximately $48.62 million, CFSB's financial metrics offer a deeper look into its valuation and performance. Notably, the company's P/E ratio stands at a high 125.15, which suggests that the stock is trading at a high earnings multiple relative to its earnings.
On the profitability front, despite the company's ability to remain profitable over the last twelve months, CFSB is grappling with weak gross profit margins. This indicates that while the company can generate revenue, it faces challenges in managing the costs associated with its goods sold. Adding to the financial picture, CFSB does not distribute dividends to its shareholders, which might influence investment decisions for those seeking regular income from their holdings.
For investors considering CFSB Bancorp as a potential addition to their portfolio, it's worth noting that there are additional InvestingPro Tips available that could provide further insights into the company's financial health and future prospects. These tips can be found at https://www.investing.com/pro/CFSB. To enhance your investment analysis experience, consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where 4 more tips are waiting to guide your investment decisions.
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