Central Plains Bancshares (NASDAQ:CPBI) Stock Price Down 0.3% – Time to Sell?

Central Plains Bancshares, Inc. (NASDAQ:CPBI) traded down 0.3% during mid-day trading on Friday . The stock traded as low as $17.60 and last traded at $17.60. 4,688 shares traded hands during mid-day trading, an increase of 128% from the average session volume of 2,058 shares. The stock had previously closed at $17.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Central Plains Bancshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Central Plains Bancshares Price Performance

The firm has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $16.22. The firm has a market cap of $74.10 million, a P/E ratio of 18.14 and a beta of 0.13.

Central Plains Bancshares (NASDAQ:CPBI) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.23 EPS for the quarter. The business had revenue of $5.26 million during the quarter. Central Plains Bancshares had a net margin of 12.78% and a return on equity of 4.39%.

Institutional Trading of Central Plains Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Graham Capital Wealth Management LLC purchased a new position in shares of Central Plains Bancshares during the second quarter valued at approximately $468,000. Mangrove Partners IM LLC raised its position in Central Plains Bancshares by 1.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 159,854 shares of the company’s stock valued at $2,606,000 after buying an additional 2,458 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Central Plains Bancshares by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 164,483 shares of the company’s stock valued at $2,689,000 after acquiring an additional 3,314 shares in the last quarter. 24.28% of the stock is owned by hedge funds and other institutional investors.

Central Plains Bancshares Company Profile

Central Plains Bancshares, Inc is the bank holding company for Central Plains Bank, a community‐oriented financial institution headquartered in Council Grove, Kansas. Through its wholly owned subsidiary, the company offers a range of deposit and lending products designed to serve the needs of individuals, families, small businesses and agricultural customers in rural and small‐town markets across central and eastern Kansas.

The company’s core services include checking and savings accounts, certificates of deposit and money market accounts, complemented by consumer, commercial and agricultural loan portfolios.