Short Interest in Central Plains Bancshares, Inc. (NASDAQ:CPBI) Rises By 17.9%

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

Central Plains Bancshares Trading Up 2.2%

Central Plains Bancshares stock traded up $0.37 during midday trading on Wednesday, hitting $17.48. The stock had a trading volume of 5,312 shares, compared to its average volume of 4,150. The stock has a market cap of $73.61 million, a P/E ratio of 16.97 and a beta of 0.14. Central Plains Bancshares has a 12 month low of $13.00 and a 12 month high of $17.89. The business has a fifty day moving average price of $17.53 and a 200 day moving average price of $16.77.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Central Plains Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC increased its stake in Central Plains Bancshares by 192.9% during the third quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company’s stock valued at $1,466,000 after purchasing an additional 59,675 shares during the last quarter. Mangrove Partners IM LLC lifted its position in shares of 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 buying an additional 2,458 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Central Plains Bancshares by 2.1% in 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 period. Institutional investors and hedge funds own 24.28% of the company’s stock.

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.