Coastal Financial Corporation (NASDAQ:CCB) Stock Has Average Price Target of $91.33

Key Points

• Analysts have a mixed outlook: Coastal Financial has a consensus “Hold” rating from seven analysts, with five buys and two sells, and an average 12-month price target of $91.33.
• Shares have fallen sharply: CCB opened at $43.66, down 7.4%, well below its 200-day moving average of $68.95 and its 52-week high of $120.05.
• Profitability remains under pressure: Third-quarter EPS of $0.89 and revenue of $149.33 million both missed estimates, while management plans more than $20 million in annualized cost savings to support a return to profitability. Insiders have nevertheless purchased more than $1.1 million of stock in the past three months.

Coastal Financial Corporation (NASDAQ:CCB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $91.33.

Several research firms have recently issued reports on CCB. Zacks Research downgraded shares of Coastal Financial from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. TD Cowen reiterated a "buy" rating on shares of Coastal Financial in a research note on Tuesday, September 29th. 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 cut their price target on shares of Coastal Financial from $95.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, Raymond James Financial cut shares of Coastal Financial from a "strong-buy" rating to an "outperform" rating and set a $50.00 price target for the company. in a report on Friday, July 31st.

Coastal Financial Stock Down 7.4%

Shares of CCB stock opened at $43.66 on Friday. The stock's fifty day moving average price is $44.63 and its 200 day moving average price is $68.95. Coastal Financial has a 1-year low of $35.56 and a 1-year high of $120.05. The company has a market cap of $667.56 million, a price-to-earnings ratio of -155.92 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.03.

Coastal Financial (NASDAQ:CCB - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.07). The business had revenue of $149.33 million during the quarter, compared to analysts' expectations of $158.85 million. Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.80%. On average, research analysts expect that Coastal Financial will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven Hovde bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $43.83 per share, with a total value of $438,300.00. Following the transaction, the director directly owned 26,500 shares in the company, valued at approximately $1,161,495. The trade was a 60.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Sprink purchased 10,000 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $44.45 per share, with a total value of $444,500.00. Following the transaction, the chief executive officer owned 173,238 shares in the company, valued at $7,700,429.10. This trade represents a 6.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 25,290 shares of company stock worth $1,115,894 over the last three months. Corporate insiders own 13.49% of the company's stock.

Hedge Funds Weigh In On Coastal Financial

Several hedge funds and other institutional investors have recently bought and sold shares of CCB. Cooper Creek Partners Management LLC grew its holdings in Coastal Financial by 105.0% during the first quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company's stock worth $34,255,000 after acquiring an additional 230,537 shares during the period. Dimensional Fund Advisors LP grew its position 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 period. The Manufacturers Life Insurance Company boosted its holdings in Coastal Financial by 1.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company's stock worth $25,708,000 after buying an additional 4,611 shares during the last quarter. Emerald Advisers LLC increased its stake in 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 in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Coastal Financial by 45.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company's stock worth $11,922,000 after buying an additional 48,927 shares in the last quarter. Institutional investors and hedge funds own 59.24% of the company's stock.

Trending Headlines about Coastal Financial

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

• Positive Sentiment: Management said growth in its CCBX banking-as-a-service program helped drive third-quarter results and outlined a plan to generate more than $20 million in annualized noninterest-expense savings over the next four to six quarters. The cost reductions are intended to help Coastal return to profitability. Coastal Financial targets over $20M annualized noninterest expense savings
• Positive Sentiment: Coastal also announced steps to reduce executive compensation and leadership costs, which could improve operating efficiency if successfully implemented. Coastal Financial tightens executive pay and leadership costs
• Neutral Sentiment: The company reported third-quarter earnings of $0.89 per share, compared with $0.88 a year earlier, while highlighting CCBX expansion and a strategic shift toward sustainable profitability. However, the quarter included net charge-off disclosures and Coastal reported a negative net margin and return on equity. Coastal Financial Corporation announces third quarter 2026 results
• Negative Sentiment: Third-quarter EPS of $0.89 missed the consensus estimate of $0.96, while revenue also came in below analyst expectations. The earnings shortfall likely pressured the stock because it raises questions about near-term profitability and the pace of the turnaround. Coastal Financial Corporation Q3 earnings and revenues lag estimates
• Negative Sentiment: Several law firms publicized a pending securities class action covering investors who purchased CCB shares from October 28, 2024, through July 29, 2026. The complaint reportedly focuses on disclosures related to banking-as-a-service indemnification and credit-risk exposure; the allegations have not been proven. Investors have until December 1, 2026, to seek lead-plaintiff status, adding reputational and potential financial-risk overhang. Coastal Financial class action allegations

About Coastal Financial

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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