Catalyst Bancorp (NASDAQ:CLST) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Catalyst Bancorp, Inc. (NASDAQ:CLST) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $17.40 and traded as high as $17.58. Catalyst Bancorp shares last traded at $17.45, with a volume of 538 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Catalyst Bancorp in a research report on Thursday, October 15th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Catalyst Bancorp Trading Up 0.9%

The firm has a market cap of $70.32 million, a P/E ratio of 25.29 and a beta of 0.11. The stock has a 50 day simple moving average of $17.40 and a 200-day simple moving average of $16.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Catalyst Bancorp (NASDAQ:CLST) last announced its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter. Catalyst Bancorp had a net margin of 12.48% and a return on equity of 4.14%. The firm had revenue of $5.81 million for the quarter.

Hedge Funds Weigh In On Catalyst Bancorp

An institutional investor recently bought a new stake in Catalyst Bancorp stock. State Street Corp acquired a new position in Catalyst Bancorp, Inc. (NASDAQ:CLST) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,465 shares of the company’s stock, valued at approximately $184,000. State Street Corp owned 0.26% of Catalyst Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 33.09% of the company’s stock.

Catalyst Bancorp Company Profile

Catalyst Bancorp, Inc. is a bank holding company headquartered in Opelousas, Louisiana. Through its subsidiary, St. Landry Homestead Federal Savings Bank, the company provides community banking services to individuals, families and businesses. St. Landry Homestead offers a range of financial products, including deposit accounts, residential mortgage loans, consumer lending, commercial real estate loans and other business financing. Its services also include digital banking and related transaction and cash-management solutions.