Catalyst Bancorp (NASDAQ:CLST) Shares Up 1.8% - Still a Buy?

Key Points

• Catalyst Bancorp shares rose 1.8% to $17.675 in light trading, while the stock’s 50-day and 200-day moving averages stood at $16.86 and $16.44, respectively.
• Analysts maintain a consensus “Hold” rating. The company reported quarterly earnings of $0.14 per share on revenue of $2.97 million, with a 2.47% return on equity and 12.99% net margin.
• Director Kirk E. Kleiser sold 6,000 shares, reducing his position by 19%, while Kestra Advisory Services acquired a new 25,000-share stake. Institutional investors collectively own 33.09% of the company.

Shares of Catalyst Bancorp, Inc. (NASDAQ:CLST - Get Free Report) rose 1.8% on Thursday . The company traded as high as $17.93 and last traded at $17.6750. 1,024 shares changed hands during trading, a decline of 54% from the average daily volume of 2,226 shares. The stock had previously closed at $17.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Catalyst Bancorp in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Catalyst Bancorp Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.01. The business's fifty day simple moving average is $16.86 and its 200 day simple moving average is $16.44. The stock has a market cap of $71.23 million, a price-to-earnings ratio of 32.14 and a beta of 0.10.

Catalyst Bancorp (NASDAQ:CLST - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.14 earnings per share for the quarter. Catalyst Bancorp had a return on equity of 2.47% and a net margin of 12.99%.The company had revenue of $2.97 million during the quarter.

Insider Buying and Selling

In other Catalyst Bancorp news, Director Kirk E. Kleiser sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $16.04, for a total transaction of $96,240.00. Following the completion of the sale, the director owned 25,580 shares in the company, valued at $410,303.20. This trade represents a 19.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Catalyst Bancorp

An institutional investor recently bought a new stake in Catalyst Bancorp stock. Kestra Advisory Services LLC acquired a new position in shares of Catalyst Bancorp, Inc. (NASDAQ:CLST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,000 shares of the company's stock, valued at approximately $414,000. Kestra Advisory Services LLC owned approximately 0.62% of Catalyst Bancorp at the end of the most recent reporting period. 33.09% of the stock is currently 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.

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