Catalyst Bancorp (NASDAQ:CLST) Trading Up 0.8% – What’s Next?

Catalyst Bancorp, Inc. (NASDAQ:CLST) shares were up 0.8% during mid-day trading on Friday . The company traded as high as $15.35 and last traded at $15.33. Approximately 9,063 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 5,470 shares. The stock had previously closed at $15.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Catalyst Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Catalyst Bancorp Stock Up 0.8%

The company has a market capitalization of $63.01 million, a PE ratio of 25.98 and a beta of 0.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $14.46 and a two-hundred day moving average of $13.29.

Catalyst Bancorp (NASDAQ:CLST) last posted its earnings results on Thursday, October 23rd. The company reported $0.13 EPS for the quarter. Catalyst Bancorp had a return on equity of 2.75% and a net margin of 14.42%.The company had revenue of $2.77 million for the quarter.

Catalyst Bancorp declared that its Board of Directors has authorized a stock buyback program on Thursday, November 20th that authorizes the company to buyback $205,000.00 in shares. This buyback authorization authorizes the company to reacquire up to 0.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Kirk E. Kleiser acquired 4,750 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were purchased at an average cost of $13.41 per share, for a total transaction of $63,697.50. Following the acquisition, the director owned 17,749 shares in the company, valued at $238,014.09. The trade was a 36.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.20% of the company’s stock.

Institutional Trading of Catalyst Bancorp

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

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.