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

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 4,338 shares, a decline of 53.9% from the May 14th total of 9,413 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,239 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Central Plains Bancshares

Several institutional investors have recently modified their holdings of CPBI. Vanguard Group Inc. grew 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 valued at $2,689,000 after acquiring an additional 3,314 shares in the last quarter. Graham Capital Wealth Management LLC grew its holdings in shares of Central Plains Bancshares by 192.9% in the third quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company’s stock valued at $1,466,000 after acquiring an additional 59,675 shares in the last quarter. Finally, Mangrove Partners IM LLC grew its holdings 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 acquiring an additional 2,458 shares in the last quarter. 24.28% of the stock is owned by institutional investors.

Central Plains Bancshares Trading Down 0.6%

Shares of CPBI stock traded down $0.12 during trading on Monday, hitting $18.52. The company’s stock had a trading volume of 1,398 shares, compared to its average volume of 4,059. The company has a market cap of $77.97 million, a PE ratio of 17.98 and a beta of 0.21. The business has a fifty day moving average of $17.86 and a 200-day moving average of $17.41. Central Plains Bancshares has a 52 week low of $14.85 and a 52 week high of $18.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Central Plains Bancshares in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.