Central Plains Bancshares (NASDAQ:CPBI) Shares Down 1.7% – Should You Sell?

Central Plains Bancshares, Inc. (NASDAQ:CPBI)’s stock price dropped 1.7% during mid-day trading on Thursday . The company traded as low as $17.55 and last traded at $17.55. Approximately 3,291 shares were traded during trading, a decline of 31% from the average daily volume of 4,786 shares. The stock had previously closed at $17.85.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Central Plains Bancshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Central Plains Bancshares Stock Performance

The stock has a market capitalization of $73.89 million, a price-to-earnings ratio of 17.04 and a beta of 0.14. The business’s 50 day simple moving average is $17.46 and its 200-day simple moving average is $16.62.

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

Institutional Trading of Central Plains Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Mangrove Partners IM LLC boosted its position in Central Plains Bancshares by 1.6% during the 3rd quarter. Mangrove Partners IM LLC now owns 159,854 shares of the company’s stock worth $2,606,000 after acquiring an additional 2,458 shares during the period. Vanguard Group Inc. grew its stake in shares of Central Plains Bancshares by 2.1% in the third 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 in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of Central Plains Bancshares during the second quarter valued at $468,000. 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.