Central Plains Bancshares, Inc. (NASDAQ:CPBI – Get Free Report) was the target 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. Based on an average trading volume of 7,239 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Central Plains Bancshares
A number of large investors have recently bought and sold shares of CPBI. Graham Capital Wealth Management LLC boosted its holdings in Central Plains Bancshares by 98.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 179,945 shares of the company’s stock worth $3,045,000 after purchasing an additional 89,327 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Finally, Mangrove Partners IM LLC boosted its holdings in Central Plains Bancshares by 1.6% in the third quarter. Mangrove Partners IM LLC now owns 159,854 shares of the company’s stock worth $2,606,000 after purchasing an additional 2,458 shares in the last quarter. 24.28% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated 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, Central Plains Bancshares currently has a consensus rating of “Hold”.
Central Plains Bancshares Price Performance
NASDAQ:CPBI traded up $0.13 during trading hours on Friday, reaching $18.64. The company’s stock had a trading volume of 1,228 shares, compared to its average volume of 5,632. The company has a market cap of $78.47 million, a price-to-earnings ratio of 18.10 and a beta of 0.21. Central Plains Bancshares has a one year low of $14.85 and a one year high of $18.75. The business’s 50-day moving average is $17.86 and its 200-day moving average is $17.40.
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.
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