Central Plains Bancshares (NASDAQ:CPBI) Posts Earnings Results

Central Plains Bancshares (NASDAQ:CPBI) issued its quarterly earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $5.37 million for the quarter. Central Plains Bancshares had a return on equity of 4.59% and a net margin of 13.11%.

Central Plains Bancshares Stock Down 0.4%

Shares of Central Plains Bancshares stock traded down $0.08 during trading on Thursday, reaching $18.64. 2,352 shares of the company were exchanged, compared to its average volume of 3,990. The business has a 50-day moving average price of $17.93 and a 200-day moving average price of $17.46. The firm has a market capitalization of $78.47 million, a price-to-earnings ratio of 18.10 and a beta of 0.21. Central Plains Bancshares has a twelve month low of $14.85 and a twelve month high of $18.75.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Central Plains Bancshares in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On Central Plains Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPBI. Graham Capital Wealth Management LLC increased its stake in shares of Central Plains Bancshares by 192.9% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company’s stock valued at $1,466,000 after acquiring an additional 59,675 shares during the last quarter. Mangrove Partners IM LLC boosted its stake 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 worth $2,606,000 after acquiring an additional 2,458 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 purchasing an additional 3,314 shares during the period. Institutional investors own 24.28% of the company’s stock.

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.