TD Cowen Issues Positive Forecast for Coastal Financial (NASDAQ:CCB) Stock Price

Key Points

• TD Cowen raised Coastal Financial’s price target to $50 from $47 and maintained a “buy” rating, implying 16.27% upside from the prior close.
• Coastal Financial shares fell 1.5% to $43.01 after third-quarter earnings and revenue missed analyst expectations; the company reported $0.89 in EPS versus a $0.96 consensus and $149.3 million in revenue versus $158.9 million expected.
• Management is targeting more than $20 million in annualized cost savings, but profitability concerns remain, alongside a reported securities class action and recent analyst downgrades that contributed to a consensus “hold” rating.

Coastal Financial (NASDAQ:CCB - Get Free Report) had its price objective lifted by equities researchers at TD Cowen from $47.00 to $50.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's price objective indicates a potential upside of 16.27% from the stock's previous close.

A number of other research firms have also commented on CCB. Zacks Research lowered shares of Coastal Financial from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Coastal Financial from a "hold (c)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods decreased their price objective on shares of Coastal Financial from $95.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Raymond James Financial downgraded shares of Coastal Financial from a "strong-buy" rating to an "outperform" rating and set a $50.00 target price for the company. in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $91.83.

Coastal Financial Stock Down 1.5%

Shares of CCB stock traded down $0.66 during trading on Friday, hitting $43.01. 192,632 shares of the company were exchanged, compared to its average volume of 194,605. The business's 50-day simple moving average is $44.63 and its 200 day simple moving average is $68.95. Coastal Financial has a twelve month low of $35.56 and a twelve month high of $120.05. The firm has a market capitalization of $657.55 million, a price-to-earnings ratio of -153.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.05.

Coastal Financial (NASDAQ:CCB - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.07). The firm had revenue of $149.33 million during the quarter, compared to the consensus estimate of $158.85 million. Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.80%. As a group, analysts forecast that Coastal Financial will post 0.85 EPS for the current fiscal year.

Insider Transactions at Coastal Financial

In other Coastal Financial news, Director Steven Hovde bought 10,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $43.83 per share, with a total value of $438,300.00. Following the purchase, the director owned 26,500 shares in the company, valued at $1,161,495. This trade represents a 60.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Sprink acquired 10,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $44.45 per share, with a total value of $444,500.00. Following the transaction, the chief executive officer directly owned 173,238 shares of the company's stock, valued at $7,700,429.10. This represents a 6.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 25,290 shares of company stock worth $1,115,894. 13.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCB. Cooper Creek Partners Management LLC raised its stake in Coastal Financial by 105.0% in the 1st quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company's stock valued at $34,255,000 after acquiring an additional 230,537 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Coastal Financial by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company's stock valued at $27,361,000 after purchasing an additional 25,424 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Coastal Financial by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company's stock valued at $25,708,000 after purchasing an additional 4,611 shares during the period. Emerald Advisers LLC lifted its stake in shares of Coastal Financial by 44.8% during the 1st quarter. Emerald Advisers LLC now owns 221,182 shares of the company's stock worth $16,832,000 after buying an additional 68,427 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Coastal Financial by 45.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company's stock valued at $11,922,000 after acquiring an additional 48,927 shares during the period. 59.24% of the stock is currently owned by institutional investors.

Key Stories Impacting Coastal Financial

Here are the key news stories impacting Coastal Financial this week:

• Positive Sentiment: Management outlined a cost-reduction plan targeting more than $20 million in annualized noninterest-expense savings over the next four to six quarters, while seeking to return the company to profitability. Coastal also highlighted continued growth in its CCBX banking-as-a-service program and announced tighter executive compensation and leadership costs. Coastal Financial cost savings report
• Neutral Sentiment: Coastal Financial reported third-quarter 2026 earnings of $0.89 per share and revenue of $149.3 million. Although earnings were slightly above the year-ago result of $0.88 per share, the company’s CCBX-driven growth was not enough to meet Wall Street expectations. Coastal Financial third-quarter results
• Negative Sentiment: Quarterly EPS missed consensus estimates of approximately $0.96-$0.99, while revenue fell short of expectations near $158.9 million. The company also reported a negative net margin and negative return on equity, reinforcing concerns about near-term profitability and operating performance. Coastal Financial earnings miss
• Negative Sentiment: Several law firms publicized a securities class action against Coastal Financial and certain officers for alleged federal securities-law violations covering purchases from October 28, 2024, through July 29, 2026. Allegations reportedly focus on representations that 98.8% of credit risk was indemnified while a partner portfolio of roughly $500 million deteriorated. Investors have until December 1, 2026 to seek lead-plaintiff status, increasing legal and reputational uncertainty for CCB. Coastal Financial class action announcement

Coastal Financial Company Profile

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Its principal subsidiary, Coastal Community Bank, provides banking services to individuals, families, and businesses in the Pacific Northwest, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, lines of credit, treasury management, online and mobile banking, and other traditional banking products.

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