Catalyst Bancorp (NASDAQ:CLST) Stock Price Up 1.3% – Here’s What Happened

Catalyst Bancorp, Inc. (NASDAQ:CLST)’s stock price traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $12.56 and last traded at $12.56. 9,449 shares changed hands during trading, an increase of 17% from the average session volume of 8,081 shares. The stock had previously closed at $12.40.

Catalyst Bancorp Trading Up 1.3%

The firm has a market capitalization of $52.50 million, a PE ratio of 22.43 and a beta of 0.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 1.13. The company has a fifty day moving average of $11.70 and a 200-day moving average of $11.67.

Catalyst Bancorp (NASDAQ:CLST) last issued its earnings results on Thursday, April 24th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $2.92 million for the quarter. Catalyst Bancorp had a return on equity of 2.70% and a net margin of 13.70%.

Hedge Funds Weigh In On Catalyst Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Montz Harcus Wealth Management LLC acquired a new stake in Catalyst Bancorp in the first quarter valued at approximately $350,000. NewEdge Advisors LLC increased its stake in shares of Catalyst Bancorp by 87.0% during the 4th quarter. NewEdge Advisors LLC now owns 21,500 shares of the company’s stock worth $253,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Catalyst Bancorp by 11.7% during the 4th quarter. Renaissance Technologies LLC now owns 25,275 shares of the company’s stock valued at $297,000 after purchasing an additional 2,640 shares in the last quarter. Institutional investors and hedge funds own 33.09% of the company’s stock.

Catalyst Bancorp Company Profile

Catalyst Bancorp, Inc operates as a holding company for Catalyst Bank that provides various banking services to individuals and businesses in Louisiana. The company accepts various deposit products, including savings accounts, demand and NOW accounts, money market accounts, and certificates of deposit.