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

Central Plains Bancshares, Inc. (NASDAQ:CPBI) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,230 shares, a growth of 17.9% from the February 26th total of 5,285 shares. Based on an average daily trading volume, of 4,572 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Central Plains Bancshares

Hedge funds have recently modified their holdings of the stock. Graham Capital Wealth Management LLC increased its position in Central Plains Bancshares by 192.9% in the third quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company’s stock worth $1,466,000 after purchasing an additional 59,675 shares during the period. Mangrove Partners IM LLC lifted its position 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 buying an additional 2,458 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 last quarter. 24.28% of the stock is owned by institutional investors.

Central Plains Bancshares Stock Up 1.8%

NASDAQ:CPBI opened at $17.41 on Thursday. The firm has a market capitalization of $73.30 million, a PE ratio of 16.90 and a beta of 0.25. Central Plains Bancshares has a 12-month low of $13.00 and a 12-month high of $17.89. The firm has a 50-day moving average price of $17.53 and a 200 day moving average price of $16.77.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Central Plains Bancshares in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.