Catalyst Bancorp (NASDAQ:CLST) Announces Quarterly Earnings Results

Catalyst Bancorp (NASDAQ:CLST) announced its quarterly earnings results on Thursday. The company reported $0.13 EPS for the quarter, Zacks reports. Catalyst Bancorp had a net margin of 14.42% and a return on equity of 2.75%.

Catalyst Bancorp Price Performance

CLST stock traded up $0.15 during trading hours on Thursday, hitting $15.75. 1,835 shares of the stock traded hands, compared to its average volume of 3,531. The stock has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $13.92. The company has a market cap of $64.73 million, a P/E ratio of 26.70 and a beta of 0.18. Catalyst Bancorp has a one year low of $10.67 and a one year high of $15.97. 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 declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 20th that permits the company to buyback $205,000.00 in outstanding shares. This buyback authorization permits the company to purchase up to 0.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.