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

Shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI) traded 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 were traded during trading, an increase of 1,191% from the average daily volume of 1,905 shares. The stock had previously closed at $18.78.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Central Plains Bancshares in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Central Plains Bancshares currently has an average rating of “Hold”.

Central Plains Bancshares Trading Up 4.4%

The stock’s 50-day moving average price is $18.44 and its 200-day moving average price is $17.76. The stock has a market cap of $83.37 million, a price-to-earnings ratio of 19.00 and a beta of 0.20.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Graham Capital Wealth Management LLC increased its stake in shares of Central Plains Bancshares by 98.6% during the 4th 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. boosted its stake in Central Plains Bancshares by 2.1% in the 3rd 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 during the period. Finally, Mangrove Partners IM LLC grew its stake in Central Plains Bancshares by 1.6% during 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.

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.