Catalyst Bancorp (NASDAQ:CLST) Shares Up 0.8% – Time to Buy?

Catalyst Bancorp, Inc. (NASDAQ:CLST)’s share price shot up 0.8% on Friday . The stock traded as high as $15.35 and last traded at $15.33. 9,063 shares changed hands during trading, an increase of 66% from the average session volume of 5,470 shares. The stock had previously closed at $15.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Catalyst Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Catalyst Bancorp Price Performance

The firm has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $13.28. The firm has a market cap of $63.01 million, a P/E ratio of 25.98 and a beta of 0.19. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18.

Catalyst Bancorp (NASDAQ:CLST) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.13 earnings per share for the quarter. Catalyst Bancorp had a return on equity of 2.75% and a net margin of 14.42%.The firm had revenue of $2.77 million during the quarter.

Catalyst Bancorp declared that its Board of Directors has approved a share buyback program on Thursday, November 20th that permits the company to repurchase $205,000.00 in shares. This repurchase authorization permits the company to purchase up to 0.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Catalyst Bancorp

In other news, Director Kirk E. Kleiser acquired 4,750 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were purchased at an average price of $13.41 per share, with a total value of $63,697.50. Following the transaction, the director directly owned 17,749 shares in the company, valued at approximately $238,014.09. This represents a 36.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Catalyst Bancorp

An institutional investor recently raised its position in Catalyst Bancorp stock. Graham Capital Wealth Management LLC lifted its holdings in Catalyst Bancorp, Inc. (NASDAQ:CLST) by 8.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,940 shares of the company’s stock after purchasing an additional 16,324 shares during the quarter. Catalyst Bancorp comprises about 2.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Graham Capital Wealth Management LLC owned approximately 4.76% of Catalyst Bancorp worth $2,465,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.09% of the company’s stock.

Catalyst Bancorp Company Profile

Catalyst Bancorp, Inc (NASDAQ: CLST) is an Oklahoma-based bank holding company and the parent of Catalyst Bank, a community bank serving consumers and businesses across the state. Headquartered in Oklahoma City, the company offers a full suite of financial services designed to meet the needs of local individuals, families, professionals and commercial clients.

The company’s subsidiary provides traditional banking products including checking and savings accounts, certificates of deposit and digital banking services.