Catalyst Bancorp (NASDAQ:CLST) Posts Quarterly Earnings Results

Catalyst Bancorp (NASDAQ:CLST) released its quarterly earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, Zacks reports. Catalyst Bancorp had a net margin of 14.42% and a return on equity of 2.75%. The company had revenue of $2.88 million for the quarter.

Catalyst Bancorp Stock Performance

CLST stock opened at $15.70 on Friday. The company has a market capitalization of $64.59 million, a PE ratio of 26.61 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 one year low of $10.67 and a one year high of $15.97. The company’s 50 day moving average price is $15.38 and its two-hundred day moving average price is $13.93.

Analysts Set New Price Targets

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

Catalyst Bancorp declared that its board has approved a stock repurchase program on Thursday, November 20th that allows the company to buyback $205,000.00 in outstanding shares. This buyback authorization allows the company to purchase up to 0.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.