Central Plains Bancshares, Inc. (NASDAQ:CPBI) Short Interest Update

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 6,230 shares, a growth of 17.9% from the February 26th total of 5,285 shares. Based on an average trading volume of 4,572 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Central Plains Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of CPBI. Vanguard Group Inc. increased its holdings in shares of Central Plains Bancshares by 2.1% in the third quarter. Vanguard Group Inc. now owns 164,483 shares of the company’s stock worth $2,689,000 after purchasing an additional 3,314 shares during the last quarter. Graham Capital Wealth Management LLC grew its holdings in Central Plains Bancshares by 192.9% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company’s stock valued at $1,466,000 after buying an additional 59,675 shares in the last quarter. Finally, Mangrove Partners IM LLC increased its stake 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 worth $2,606,000 after acquiring an additional 2,458 shares during the last quarter. 24.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Central Plains Bancshares in a research report on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Central Plains Bancshares currently has a consensus rating of “Hold”.

Central Plains Bancshares Price Performance

Central Plains Bancshares stock remained flat at $17.11 during mid-day trading on Tuesday. The company had a trading volume of 2,343 shares, compared to its average volume of 4,140. The firm’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $16.76. Central Plains Bancshares has a 12 month low of $13.00 and a 12 month high of $17.89. The firm has a market capitalization of $72.03 million, a PE ratio of 16.61 and a beta of 0.14.

Central Plains Bancshares (NASDAQ:CPBI) last released its earnings results on Wednesday, February 11th. The company reported $0.31 earnings per share for the quarter. Central Plains Bancshares had a return on equity of 4.59% and a net margin of 13.11%.The company had revenue of $5.56 million for the quarter.

About Central Plains Bancshares

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.