CoastalSouth Bancshares, Inc. (NYSE:COSO) Short Interest Update

Key Points

• Short interest surged 141.8% to 192,916 shares as of March 31 (about 1.9% of the stock), leaving a short-interest ratio of roughly 1.5 days based on average daily volume.
• Several firms made sizable purchases or new stakes recently — notably Fourthstone LLC raised its holding by 153.8% to 959,797 shares (≈$22.3M), while Patriot Financial Partners and EJF Capital each established multi‑million dollar positions (~$24.3M and $20.3M respectively).
• Analysts show a bullish tilt: MarketBeat reports a consensus rating of "Moderate Buy" with a consensus target price of $29.00, and Piper Sandler upgraded to "overweight" while raising its target to $29.00.

CoastalSouth Bancshares, Inc. (NYSE:COSO - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 192,916 shares, a growth of 141.8% from the March 15th total of 79,795 shares. Approximately 1.9% of the company's stock are short sold. Based on an average daily trading volume, of 129,874 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of CoastalSouth Bancshares

A number of hedge funds have recently modified their holdings of the stock. Patriot Financial Partners GP II L.P. acquired a new stake in CoastalSouth Bancshares during the third quarter worth approximately $24,256,000. EJF Capital LLC acquired a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $20,287,000. Fourthstone LLC raised its position in shares of CoastalSouth Bancshares by 153.8% in the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company's stock valued at $22,315,000 after buying an additional 581,656 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $10,972,000. Finally, Azora Capital LP acquired a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $8,704,000.

CoastalSouth Bancshares Stock Performance

Shares of NYSE:COSO opened at $25.57 on Friday. CoastalSouth Bancshares has a 52 week low of $19.24 and a 52 week high of $26.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.93 and a quick ratio of 0.84. The company has a market capitalization of $303.02 million and a P/E ratio of 15.13. The firm has a 50 day moving average price of $24.70.

CoastalSouth Bancshares (NYSE:COSO - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). The firm had revenue of $22.16 million for the quarter, compared to the consensus estimate of $22.30 million.

CoastalSouth Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. CoastalSouth Bancshares's dividend payout ratio (DPR) is currently 11.83%.

Analyst Ratings Changes

Several research firms recently issued reports on COSO. Zacks Research raised shares of CoastalSouth Bancshares from a "strong sell" rating to a "hold" rating in a research note on Friday, January 2nd. Weiss Ratings restated a "buy (b)" rating on shares of CoastalSouth Bancshares in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of CoastalSouth Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. Finally, Piper Sandler upped their target price on shares of CoastalSouth Bancshares from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, CoastalSouth Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

About CoastalSouth Bancshares

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.

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