Central Plains Bancshares (NASDAQ:CPBI) Shares Up 0.4% - Here's What Happened

Key Points

• Central Plains Bancshares shares rose 0.4% to approximately $20.70, although trading volume was 82% below the average daily level.
• Weiss Ratings reiterated a “hold (c)” rating, and the stock’s sole tracked analyst maintains a Hold recommendation.
• The company reported quarterly EPS of $0.39 on $5.87 million in revenue, while BlackRock initiated a position worth roughly $234,000.

Central Plains Bancshares, Inc. (NASDAQ:CPBI - Get Free Report) were up 0.4% on Monday. The stock traded as high as $20.75 and last traded at $20.6950. 679 shares were traded during trading, a decline of 82% from the average daily volume of 3,697 shares. The stock had previously closed at $20.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Central Plains Bancshares in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of "Hold".

Central Plains Bancshares Trading Up 0.4%

The firm has a market capitalization of $86.34 million, a price-to-earnings ratio of 17.54 and a beta of 0.22. The firm's 50-day moving average is $20.57 and its 200 day moving average is $18.91.

Central Plains Bancshares (NASDAQ:CPBI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $5.87 million during the quarter. Central Plains Bancshares had a net margin of 14.33% and a return on equity of 5.14%.

Institutional Trading of Central Plains Bancshares

A hedge fund recently bought a new stake in Central Plains Bancshares stock. BlackRock Inc. bought a new position in shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,276 shares of the company's stock, valued at approximately $234,000. BlackRock Inc. owned about 0.29% of Central Plains Bancshares as of its most recent SEC filing. 24.28% of the stock is owned by institutional investors and hedge funds.

Central Plains Bancshares Company Profile

Central Plains Bancshares, Inc is a bank holding company headquartered in Grand Island, Nebraska. Through its subsidiary, Home Federal Savings and Loan Association of Grand Island, the company provides banking and financial services to individuals, families, farmers, and businesses.

Its principal products and services include deposit accounts, residential and commercial real estate lending, construction and land development loans, agricultural loans, consumer lending, and other business financing.

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