Central Plains Bancshares, Inc. (NASDAQ:CPBI) Sees Significant Decline in Short Interest

Central Plains Bancshares, Inc. (NASDAQ:CPBI) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 17,100 shares, a decline of 17.8% from the February 13th total of 20,800 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 2.9 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Central Plains Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. purchased a new position in shares of Central Plains Bancshares in the 4th quarter worth $27,000. Renaissance Technologies LLC grew its stake in shares of Central Plains Bancshares by 27.5% in the 4th quarter. Renaissance Technologies LLC now owns 22,600 shares of the company’s stock worth $338,000 after buying an additional 4,879 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Central Plains Bancshares by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 34,291 shares of the company’s stock worth $431,000 after buying an additional 4,612 shares in the last quarter. Finally, Stilwell Value LLC grew its stake in shares of Central Plains Bancshares by 1,436.5% in the 4th quarter. Stilwell Value LLC now owns 307,301 shares of the company’s stock worth $4,597,000 after buying an additional 287,301 shares in the last quarter. 24.28% of the stock is owned by hedge funds and other institutional investors.

Central Plains Bancshares Stock Performance

NASDAQ CPBI traded up $0.05 on Wednesday, reaching $14.80. The company had a trading volume of 1,546 shares, compared to its average volume of 5,437. The firm’s 50 day moving average price is $14.72 and its 200 day moving average price is $14.05. Central Plains Bancshares has a 12 month low of $9.96 and a 12 month high of $15.50.

Central Plains Bancshares (NASDAQ:CPBI) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.25 earnings per share (EPS) for the quarter. Central Plains Bancshares had a net margin of 13.97% and a return on equity of 4.63%.

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.