Central Plains Bancshares (NASDAQ:CPBI) Trading Up 0.5% – Here’s What Happened

Central Plains Bancshares, Inc. (NASDAQ:CPBI)’s share price were up 0.5% on Monday . The stock traded as high as $18.63 and last traded at $18.60. Approximately 10,437 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 4,935 shares. The stock had previously closed at $18.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Central Plains Bancshares in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Central Plains Bancshares Trading Down 1.3%

The stock’s 50 day moving average price is $17.78 and its 200 day moving average price is $17.35. The company has a market capitalization of $77.89 million, a price-to-earnings ratio of 18.20 and a beta of 0.21.

Hedge Funds Weigh In On Central Plains Bancshares

A number of large investors have recently modified their holdings of CPBI. Graham Capital Wealth Management LLC boosted its stake in shares of Central Plains Bancshares by 98.6% during the 4th quarter. Graham Capital Wealth Management LLC now owns 179,945 shares of the company’s stock worth $3,045,000 after buying an additional 89,327 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Central Plains Bancshares by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 164,483 shares of the company’s stock worth $2,689,000 after buying an additional 3,314 shares during the last quarter. Finally, Mangrove Partners IM LLC boosted its stake in shares of 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 buying an additional 2,458 shares during the last quarter. 24.28% of the stock is currently owned by institutional investors and hedge funds.

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.