Central Plains Bancshares (NASDAQ:CPBI) Shares Down 0.2% - Should You Sell?

Key Points

• Shares traded down 0.2% to about $17.26 on Tuesday, while volume surged ~245% to 7,119 shares versus an average of 2,066.
• Weiss Ratings reaffirmed a "Hold" and MarketBeat shows an average rating of Hold (one analyst currently covers the stock).
• Central Plains Bancshares is a small regional bank with a market cap of ~$72.7M and P/E of 16.8; last quarter EPS was $0.31 with a net margin of 13.11% and ROE of 4.59%.

Central Plains Bancshares, Inc. (NASDAQ:CPBI - Get Free Report) shares fell 0.2% during trading on Tuesday . The company traded as low as $17.17 and last traded at $17.2610. 7,119 shares traded hands during trading, an increase of 245% from the average session volume of 2,066 shares. The stock had previously closed at $17.30.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Central Plains Bancshares in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Central Plains Bancshares currently has an average rating of "Hold".

Central Plains Bancshares Trading Down 0.2%

The company's fifty day moving average price is $17.50 and its two-hundred day moving average price is $16.95. The firm has a market cap of $72.67 million, a P/E ratio of 16.76 and a beta of 0.25.

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

Institutional Investors Weigh In On Central Plains Bancshares

Large investors have recently made changes to their positions in the company. Graham Capital Wealth Management LLC grew its holdings 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 worth $1,466,000 after purchasing an additional 59,675 shares during the last quarter. Mangrove Partners IM LLC grew its holdings in shares of Central Plains Bancshares by 1.6% in the 3rd 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 last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Central Plains Bancshares by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 164,483 shares of the company's stock worth $2,689,000 after purchasing an additional 3,314 shares during the last quarter. Institutional investors own 24.28% of the company's stock.

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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