Short Interest in Central Plains Bancshares, Inc. (NASDAQ:CPBI) Drops By 53.9%

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,338 shares, a decrease of 53.9% from the May 14th total of 9,413 shares. Based on an average trading volume of 7,239 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Graham Capital Wealth Management LLC raised its position in shares of Central Plains Bancshares by 98.6% during the fourth quarter. Graham Capital Wealth Management LLC now owns 179,945 shares of the company’s stock valued at $3,045,000 after buying an additional 89,327 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 buying an additional 3,314 shares during the last quarter. Finally, Mangrove Partners IM LLC raised its position in shares of 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 buying an additional 2,458 shares during the last quarter. Institutional investors and hedge funds own 24.28% of the company’s stock.

Central Plains Bancshares Stock Performance

Shares of CPBI traded up $0.13 during trading hours on Friday, reaching $18.64. 1,228 shares of the company traded hands, compared to its average volume of 5,632. The stock’s fifty day moving average is $17.86 and its 200 day moving average is $17.40. The stock has a market cap of $78.47 million, a P/E ratio of 18.10 and a beta of 0.21. Central Plains Bancshares has a 1-year low of $14.85 and a 1-year 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 report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average 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.