Catalyst Bancorp (NASDAQ:CLST) Trading Up 3.3% – Should You Buy?

Shares of Catalyst Bancorp, Inc. (NASDAQ:CLST) shot up 3.3% during trading on Tuesday . The stock traded as high as $16.98 and last traded at $16.84. 2,628 shares were traded during trading, a decline of 51% from the average session volume of 5,314 shares. The stock had previously closed at $16.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Catalyst Bancorp in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Catalyst Bancorp Stock Up 3.3%

The firm has a market cap of $69.21 million, a PE ratio of 30.07 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $14.41.

Catalyst Bancorp (NASDAQ:CLST) last announced its earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter. The company had revenue of $2.88 million during the quarter. Catalyst Bancorp had a return on equity of 2.53% and a net margin of 13.26%.

Catalyst Bancorp announced that its board has authorized a stock buyback plan on Thursday, November 20th that permits the company to buyback $205,000.00 in outstanding shares. This buyback authorization permits the company to repurchase up to 0.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Catalyst Bancorp

A hedge fund recently raised its stake in Catalyst Bancorp stock. Graham Capital Wealth Management LLC lifted its stake in Catalyst Bancorp, Inc. (NASDAQ:CLST) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,940 shares of the company’s stock after purchasing an additional 16,324 shares during the quarter. Catalyst Bancorp accounts for approximately 2.9% of Graham Capital Wealth Management LLC’s holdings, 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 reporting period. 33.09% of the stock is owned by institutional investors and hedge funds.

About Catalyst Bancorp

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.