Coastal Financial (CCB) to Release Earnings on Tuesday

Key Points

• Coastal Financial (NASDAQ: CCB) is expected to announce its Q2 2025 earnings on August 4th, with analysts predicting earnings of $0.87 per share.
• The company missed expectations in its last quarterly report, posting earnings of $0.63 per share compared to a consensus estimate of $0.93.
• Several institutional investors have recently increased their stakes in Coastal Financial, with Goldman Sachs boosting its holdings by 44.8% in the first quarter.

Coastal Financial (NASDAQ:CCB - Get Free Report) will likely be announcing its Q2 2025 earnings results before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $158.05 million for the quarter.

Coastal Financial (NASDAQ:CCB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.16). Coastal Financial had a net margin of 7.02% and a return on equity of 11.69%. The firm had revenue of $119.43 million for the quarter, compared to analyst estimates of $158.05 million. On average, analysts expect Coastal Financial to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Coastal Financial Trading Down 3.1%

Shares of CCB traded down $3.08 during trading hours on Thursday, hitting $96.45. 43,101 shares of the stock traded hands, compared to its average volume of 120,892. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. Coastal Financial has a 1-year low of $45.92 and a 1-year high of $106.38. The firm has a market capitalization of $1.45 billion, a PE ratio of 29.80 and a beta of 0.96. The business has a fifty day moving average of $94.01 and a 200-day moving average of $88.97.

Insider Activity

In other Coastal Financial news, CFO Joel G. Edwards sold 3,128 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $88.44, for a total transaction of $276,640.32. Following the completion of the sale, the chief financial officer directly owned 41,387 shares of the company's stock, valued at approximately $3,660,266.28. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coastal Financial

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in Coastal Financial by 3.7% during the first quarter. AQR Capital Management LLC now owns 13,102 shares of the company's stock valued at $1,185,000 after buying an additional 473 shares during the period. Empowered Funds LLC lifted its stake in shares of Coastal Financial by 7.3% during the 1st quarter. Empowered Funds LLC now owns 12,439 shares of the company's stock valued at $1,125,000 after buying an additional 848 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coastal Financial by 15.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,436 shares of the company's stock valued at $672,000 after acquiring an additional 977 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Coastal Financial by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 26,465 shares of the company's stock worth $2,393,000 after buying an additional 1,048 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Coastal Financial by 44.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 73,503 shares of the company's stock worth $6,645,000 after buying an additional 22,725 shares during the last quarter. 59.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Coastal Financial from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Raymond James Financial reduced their target price on Coastal Financial from $105.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 30th. Finally, Hovde Group reduced their target price on Coastal Financial from $120.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.

About Coastal Financial

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts.