Central Plains Bancshares (NASDAQ:CPBI) Trading Up 0.7% – Here’s Why

Central Plains Bancshares, Inc. (NASDAQ:CPBI)’s stock price rose 0.7% during mid-day trading on Friday . The stock traded as high as $20.05 and last traded at $20.05. Approximately 227 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 3,382 shares. The stock had previously closed at $19.91.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Central Plains Bancshares in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Central Plains Bancshares currently has an average rating of “Hold”.

Central Plains Bancshares Stock Up 0.7%

The stock has a market capitalization of $83.81 million, a P/E ratio of 19.10 and a beta of 0.20. The business’s 50 day simple moving average is $19.10 and its two-hundred day simple moving average is $18.07.

Central Plains Bancshares (NASDAQ:CPBI) last posted its earnings results on Thursday, June 18th. The company reported $0.25 EPS for the quarter. Central Plains Bancshares had a net margin of 13.19% and a return on equity of 4.64%. The company had revenue of $5.37 million during the quarter.

Institutional Trading of Central Plains Bancshares

An institutional investor recently raised its stake in Central Plains Bancshares stock. Vanguard Group Inc. raised its stake in Central Plains Bancshares, Inc. (NASDAQ:CPBI) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,483 shares of the company’s stock after purchasing an additional 3,314 shares during the quarter. Vanguard Group Inc. owned 3.90% of Central Plains Bancshares worth $2,689,000 as of its most recent filing with the Securities & Exchange Commission. 24.28% of the stock is owned by institutional investors and hedge funds.

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.