Central Plains Bancshares (NASDAQ:CPBI) Trading 0.5% Higher – Here’s What Happened

Shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI) rose 0.5% on Monday . The stock traded as high as $18.63 and last traded at $18.60. Approximately 10,437 shares were traded during mid-day trading, an increase of 111% from the average daily volume of 4,935 shares. The stock had previously closed at $18.50.

Analyst Ratings Changes

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

Central Plains Bancshares Stock Up 0.5%

The company has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $17.33. The firm has a market cap of $78.31 million, a PE ratio of 18.06 and a beta of 0.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPBI. Graham Capital Wealth Management LLC boosted its position 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 3,314 shares during the last quarter. Finally, Mangrove Partners IM LLC lifted its position in shares of Central Plains Bancshares by 1.6% during 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. Hedge funds and other institutional investors own 24.28% of the company’s stock.

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.