Central Plains Bancshares (NASDAQ:CPBI) Shares Down 0.7% - Here's Why

Key Points

• Central Plains Bancshares shares fell by 0.7% on Friday, closing at $16.15, with trading volume increasing by 10% from the average daily volume.
• Weiss Ratings has maintained a "hold (c-)" rating on the stock, which currently has an average rating of "Hold" from analysts.
• In the latest quarter, Central Plains Bancshares reported a $0.26 EPS and a revenue of $5.14 million, showcasing a net margin of 13.34%.

Central Plains Bancshares, Inc. (NASDAQ:CPBI - Get Free Report) traded down 0.7% on Friday . The stock traded as low as $16.15 and last traded at $16.15. Approximately 7,575 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 6,881 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Central Plains Bancshares in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Central Plains Bancshares Stock Performance

The company has a 50-day moving average of $15.85 and a 200 day moving average of $15.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $68.15 million, a PE ratio of 16.31 and a beta of 0.14.

Central Plains Bancshares (NASDAQ:CPBI - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.26 EPS for the quarter. Central Plains Bancshares had a return on equity of 4.52% and a net margin of 13.34%.The business had revenue of $5.14 million during the quarter.

Institutional Investors Weigh In On Central Plains Bancshares

An institutional investor recently bought a new position in Central Plains Bancshares stock. Graham Capital Wealth Management LLC purchased a new position in shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,943 shares of the company's stock, valued at approximately $468,000. Graham Capital Wealth Management LLC owned about 0.73% of Central Plains Bancshares as of its most recent SEC filing. Institutional investors own 24.28% of the company's stock.

Central Plains Bancshares Company Profile

Central Plains Bancshares, Inc focuses on providing various banking products and services to retail customers, and small and medium-sized commercial customers in Nebraska, the United States. It offers checking accounts, savings accounts, and certificate of deposit accounts. The company also provides one- to four-family residential mortgage loans secured by properties, as well as commercial real estate loans, commercial and industrial loans, multi-family residential real estate loans, construction and land development loans, agricultural real estate and non-real estate loans, and consumer loans.

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