Central Plains Bancshares (NASDAQ:CPBI) Posts Earnings Results

Central Plains Bancshares (NASDAQ:CPBI) released its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share for the quarter, FiscalAI reports. Central Plains Bancshares had a return on equity of 4.39% and a net margin of 12.78%.The company had revenue of $5.56 million for the quarter.

Central Plains Bancshares Price Performance

Shares of CPBI traded up $0.01 during trading hours on Wednesday, hitting $17.73. The stock had a trading volume of 6,251 shares, compared to its average volume of 2,777. Central Plains Bancshares has a 1-year low of $13.00 and a 1-year high of $17.75. The firm has a market capitalization of $74.64 million, a P/E ratio of 18.28 and a beta of 0.13. The firm has a 50 day simple moving average of $17.02 and a 200-day simple moving average of $16.28.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Central Plains Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Graham Capital Wealth Management LLC acquired a new position in shares of Central Plains Bancshares during the second quarter worth approximately $468,000. Vanguard Group Inc. raised its holdings in Central Plains Bancshares by 2.1% during the third quarter. Vanguard Group Inc. now owns 164,483 shares of the company’s stock worth $2,689,000 after buying an additional 3,314 shares during the last quarter. Finally, Mangrove Partners IM LLC lifted its stake in shares of Central Plains Bancshares by 1.6% in the third 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 in the last quarter. Institutional investors own 24.28% of the company’s stock.

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.