Short Interest in Central Plains Bancshares, Inc. (NASDAQ:CPBI) Increases By 8.6%

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 18,900 shares, an increase of 8.6% from the August 31st total of 17,400 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is currently 3.7 days.

Central Plains Bancshares Stock Up 1.3 %

Shares of CPBI traded up $0.16 during trading hours on Tuesday, hitting $12.56. 1,421 shares of the stock traded hands, compared to its average volume of 6,294. The business has a fifty day moving average of $11.63 and a 200-day moving average of $10.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. Central Plains Bancshares has a 1-year low of $8.20 and a 1-year high of $12.76.

Central Plains Bancshares (NASDAQ:CPBI) last released its earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $4.58 million for the quarter. Central Plains Bancshares had a net margin of 14.91% and a return on equity of 5.43%.

Hedge Funds Weigh In On Central Plains Bancshares

A hedge fund recently raised its stake in Central Plains Bancshares stock. Flagstone Financial Management raised its holdings in shares of Central Plains Bancshares, Inc. (NASDAQ:CPBI) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 41,462 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Flagstone Financial Management owned approximately 1.00% of Central Plains Bancshares worth $424,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.