Central Plains Bancshares (NASDAQ:CPBI) Trading 3.5% Higher – Here’s Why

Central Plains Bancshares, Inc. (NASDAQ:CPBI) shares shot up 3.5% during mid-day trading on Thursday . The stock traded as high as $21.83 and last traded at $19.44. 24,601 shares traded hands during trading, an increase of 1,191% from the average session volume of 1,905 shares. The stock had previously closed at $18.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Central Plains Bancshares in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Central Plains Bancshares Stock Up 3.5%

The company has a market capitalization of $81.26 million, a PE ratio of 18.51 and a beta of 0.20. The company’s 50 day moving average is $18.39 and its two-hundred day moving average is $17.74.

Central Plains Bancshares (NASDAQ:CPBI) last announced its quarterly earnings results on Thursday, June 18th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $5.37 million for the quarter. Central Plains Bancshares had a net margin of 13.19% and a return on equity of 4.64%.

Institutional Investors Weigh In On Central Plains Bancshares

Several large investors have recently made changes to their positions in CPBI. Graham Capital Wealth Management LLC lifted its position in shares of 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 buying an additional 89,327 shares in the last quarter. Vanguard Group Inc. boosted its stake in Central Plains Bancshares by 2.1% during the third 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 grew its holdings in 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 in the last quarter. 24.28% of the stock is owned by institutional investors.

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.