Central Plains Bancshares, Inc. (NASDAQ:CPBI) Short Interest Update

Key Points

• Short interest rose 17.9% to 6,230 shares as of March 13, equal to about 0.2% of shares outstanding and a short-interest ratio of 1.4 days (based on average volume).
• Analyst consensus: Hold — Weiss Ratings reaffirmed a "Hold (c)" and the stock's consensus rating remains "Hold."
• Several institutions increased stakes recently (Graham Capital up 192.9% to 90,618 shares; Vanguard up 2.1% to 164,483 shares), with institutional ownership totaling about 24.28%.

Central Plains Bancshares, Inc. (NASDAQ:CPBI - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 6,230 shares, an increase of 17.9% from the February 26th total of 5,285 shares. Currently, 0.2% of the company's shares are short sold. Based on an average trading volume of 4,572 shares, the short-interest ratio is currently 1.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Central Plains Bancshares in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPBI. Graham Capital Wealth Management LLC boosted its position in Central Plains Bancshares by 192.9% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 90,618 shares of the company's stock valued at $1,466,000 after buying an additional 59,675 shares during the period. Mangrove Partners IM LLC boosted its holdings 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 worth $2,606,000 after purchasing an additional 2,458 shares during the period. Finally, Vanguard Group Inc. increased its holdings in 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 period. 24.28% of the stock is owned by institutional investors.

Central Plains Bancshares Price Performance

Shares of Central Plains Bancshares stock remained flat at $17.11 on Tuesday. The stock had a trading volume of 2,343 shares, compared to its average volume of 4,140. The stock has a market capitalization of $72.03 million, a price-to-earnings ratio of 16.61 and a beta of 0.14. Central Plains Bancshares has a one year low of $13.00 and a one year high of $17.89. The company has a fifty day moving average of $17.54 and a 200 day moving average of $16.76.

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

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.

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