Catalyst Bancorp, Inc. (NASDAQ:CLST) Sees Significant Drop in Short Interest

Catalyst Bancorp, Inc. (NASDAQ:CLST) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,334 shares, a decrease of 30.6% from the December 15th total of 7,683 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,494 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 4,494 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Activity

In other Catalyst Bancorp news, Director Kirk E. Kleiser acquired 4,750 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average price of $13.41 per share, with a total value of $63,697.50. Following the completion of the purchase, the director owned 17,749 shares of the company’s stock, 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 SEC, which is available through this link. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Catalyst Bancorp stock. Graham Capital Wealth Management LLC raised its holdings in shares of Catalyst Bancorp, Inc. (NASDAQ:CLST) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,940 shares of the company’s stock after acquiring an additional 16,324 shares during the period. Catalyst Bancorp comprises approximately 2.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. 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.

Analyst Upgrades and Downgrades

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

Catalyst Bancorp Stock Up 0.8%

Shares of NASDAQ:CLST opened at $15.63 on Friday. The firm has a market capitalization of $64.22 million, a PE ratio of 26.48 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. Catalyst Bancorp has a 52-week low of $10.67 and a 52-week high of $15.97. The firm has a fifty day moving average of $15.22 and a 200 day moving average of $13.74.

Catalyst Bancorp (NASDAQ:CLST) last released its quarterly earnings results 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 business had revenue of $2.77 million for the quarter.

Catalyst Bancorp declared that its Board of Directors has authorized a share 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 often an indication that the company’s management believes its stock is undervalued.

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.