Central Plains Bancshares, Inc. (NASDAQ:CPBI) Sees Significant Decline in Short Interest

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 17,100 shares, a decrease of 17.8% from the February 13th total of 20,800 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 2.9 days.

Central Plains Bancshares Stock Performance

NASDAQ:CPBI traded down $0.01 on Tuesday, hitting $14.75. The stock had a trading volume of 4,444 shares, compared to its average volume of 6,306. The company has a fifty day moving average price of $14.73 and a two-hundred day moving average price of $14.03. Central Plains Bancshares has a 1-year low of $9.96 and a 1-year high of $15.50.

Central Plains Bancshares (NASDAQ:CPBI) last posted its earnings results on Tuesday, February 11th. The company reported $0.25 EPS for the quarter. Central Plains Bancshares had a net margin of 13.97% and a return on equity of 4.63%.

Institutional Investors Weigh In On Central Plains Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of CPBI. Farmers & Merchants Investments Inc. purchased a new position in shares of Central Plains Bancshares in the 4th quarter worth about $27,000. Renaissance Technologies LLC raised its stake in Central Plains Bancshares by 27.5% during the 4th quarter. Renaissance Technologies LLC now owns 22,600 shares of the company’s stock valued at $338,000 after acquiring an additional 4,879 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Central Plains Bancshares by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 34,291 shares of the company’s stock valued at $431,000 after purchasing an additional 4,612 shares during the period. Finally, Stilwell Value LLC increased its position in shares of Central Plains Bancshares by 1,436.5% during the 4th quarter. Stilwell Value LLC now owns 307,301 shares of the company’s stock valued at $4,597,000 after purchasing an additional 287,301 shares during the period. 24.28% of the stock is currently owned by hedge funds and other institutional investors.

About Central Plains Bancshares

Central Plains Bancshares, Inc focuses on providing various banking products and services to retail customers, and small and medium-sized commercial customers in Nebraska, the United States. It offers checking accounts, savings accounts, and certificate of deposit accounts. The company also provides one- to four-family residential mortgage loans secured by properties, as well as commercial real estate loans, commercial and industrial loans, multi-family residential real estate loans, construction and land development loans, agricultural real estate and non-real estate loans, and consumer loans.