Split History
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Catalyst Bancorp (CLST) has 3 splits in our CLST split history database. The first split for CLST took place on June 18, 1997. This was a 3 for 2 split, meaning for each 2 shares of CLST owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CLST's second split took place on June 24, 1998. This was a 2 for 1 split, meaning for each share of CLST owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. CLST's third split took place on January 26, 2009. This was a 1 for 10 reverse split, meaning for each 10 shares of CLST owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 300 share position following the split.
When a company such as Catalyst Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Catalyst Bancorp conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CLST split history from start to finish, an original position size of 1000 shares would have turned into 300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Catalyst Bancorp shares, starting with a $10,000 purchase of CLST, presented on a split-history-adjusted basis factoring in the complete CLST split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 10/14/2021 | |
| End date: | 04/26/2024 | |
| Start price/share: | $13.70 | |
| End price/share: | $11.74 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -14.34% | |
| Average Annual Total Return: | -5.92% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $8,567.14 | |
| Years: | 2.53 | |
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| About Catalyst Bancorp |
| Catalyst Bancorp is a holding company. Through it subsidiary, St. Landry Homestead Federal Savings Bank, Co. is primarily engaged in accepting deposits from the general public and using those funds to invest in loans and securities. Co.'s principal sources of funds are customer deposits, repayments of loans, maturities of investments and funds borrowed from outside sources such as the Federal Home Loan Bank of Dallas. These funds are primarily used for the origination of loans, including single-family residential first mortgage loans, commercial real estate mortgage loans, multi-family residential mortgage loans, commercial and industrial loans, construction and land loans and other loans. According to our CLST split history records, Catalyst Bancorp has had 3 splits. |
| CLST Split History Table | |
| Date | Ratio |
| 06/18/1997 | 3 for 2 |
| 06/24/1998 | 2 for 1 |
| 01/26/2009 | 1 for 10 |
| Financials Stock Splits |
| CLST is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
CM Split History Also explore: CLST shares outstanding history
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