Coastal Financial
About: Coastal Financial Corp is a financial service provider. The company provides banking products and services to consumers and small to medium-sized businesses. Its business is conducted through three reportable segments: The community bank, CCBX, and treasury & administration. The primary focus of the community bank is on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and mobile banking applications.
Employees: 486
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
550% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 4
23% more capital invested
Capital invested by funds: $370M [Q2] → $454M (+$84.4M) [Q3]
16% more funds holding
Funds holding: 123 [Q2] → 143 (+20) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 44
2.76% more ownership
Funds ownership: 59.73% [Q2] → 62.48% (+2.76%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$73
14%
downside
Avg. target
$85
1%
downside
High target
$96
13%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 85% 1-year accuracy 17 / 20 met price target | 13%upside $96 | Outperform Maintained | 12 Dec 2024 |
Raymond James David Feaster 74% 1-year accuracy 14 / 19 met price target | 14%downside $73 | Strong Buy Maintained | 29 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Coastal Financial Corporation Prices Public Offering of Common Stock
EVERETT, Wash., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the pricing of an underwritten public offering of 1,200,000 shares of its common stock, no par value per share (the "Common Stock"), at a price to the public of $71.00 per share. Coastal also granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions.
Neutral
GlobeNewsWire
1 month ago
Coastal Financial Corporation Announces Proposed Public Offering of Common Stock
EVERETT, Wash., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the launch of a proposed underwritten public offering of shares of its common stock, no par value. Coastal expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its Common Stock sold in this offering at the public offering price, less underwriting discounts and commissions.
Neutral
Zacks Investment Research
1 month ago
5 Low-Leverage Stocks to Buy After Unfavorable Consumer Price Data
The majority of U.S. stock indices ended in the red on Nov. 28, following an unfavorable inflation data release, reflecting an uptick in the nation's monthly consumer price.
Positive
Seeking Alpha
2 months ago
Coastal Financial: Outlook Of Earnings Surge Appears Priced In
Based on Washington's economy, I'm expecting Coastal Financial's provision expense for loan losses to remain elevated. Credit demand will most probably remain stable, which will drive both non-interest income and net interest income. The net interest income will also receive support from rate cuts because CCB's books are liability-sensitive, meaning funding costs will fall more than asset yields.
Positive
Zacks Investment Research
2 months ago
5 Low-Leverage Stocks to Buy Amid the Focus on Inflation Data
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You can buy JHG, CCB, NVS, APOG and IDCC.
Positive
Zacks Investment Research
2 months ago
Are Investors Undervaluing Coastal Financial (CCB) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
2 months ago
3 Reasons Why Growth Investors Shouldn't Overlook Coastal Financial (CCB)
Coastal Financial (CCB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Positive
Zacks Investment Research
2 months ago
5 Low-Leverage Stocks to Buy Ahead of Big Tech Earnings Releases
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy RMD, CCB, KEX, APOG and LMB.
Positive
Zacks Investment Research
2 months ago
Coastal Financial Corporation (CCB) Beats Q3 Earnings Estimates
Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.75 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Coastal Financial Corporation Announces Third Quarter 2024 Results
EVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024.
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