Central Plains Bancshares (NASDAQ:CPBI) Stock Price Down 0.3% – Here’s What Happened

Central Plains Bancshares, Inc. (NASDAQ:CPBI)’s stock price were down 0.3% on Friday . The company traded as low as $17.60 and last traded at $17.60. Approximately 4,688 shares traded hands during trading, an increase of 128% from the average daily volume of 2,058 shares. The stock had previously closed at $17.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Central Plains Bancshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Central Plains Bancshares currently has a consensus rating of “Hold”.

Central Plains Bancshares Stock Performance

The business’s fifty day moving average price is $16.96 and its 200-day moving average price is $16.23. The stock has a market cap of $74.10 million, a PE ratio of 18.14 and a beta of 0.13.

Central Plains Bancshares (NASDAQ:CPBI) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.23 earnings per share for the quarter. Central Plains Bancshares had a net margin of 12.78% and a return on equity of 4.39%. The firm had revenue of $5.26 million during the quarter.

Hedge Funds Weigh In On Central Plains Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Graham Capital Wealth Management LLC purchased a new stake in Central Plains Bancshares during the second quarter valued at $468,000. Mangrove Partners IM LLC grew its stake 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 purchasing an additional 2,458 shares during the period. Finally, Vanguard Group Inc. increased 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 purchasing an additional 3,314 shares during the last quarter. 24.28% of the stock is currently owned by hedge funds and other institutional investors.

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.