Deutsche Bank AG Has $918,000 Holdings in Coastal Financial Co. (NASDAQ:CCB)

Deutsche Bank AG increased its stake in shares of Coastal Financial Co. (NASDAQ:CCB - Free Report) by 52.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,806 shares of the company's stock after acquiring an additional 3,705 shares during the period. Deutsche Bank AG owned approximately 0.08% of Coastal Financial worth $918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in Coastal Financial by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 6,517 shares of the company's stock valued at $553,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC increased its stake in Coastal Financial by 4.6% during the fourth quarter. Empowered Funds LLC now owns 11,591 shares of the company's stock valued at $984,000 after purchasing an additional 507 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Coastal Financial during the fourth quarter valued at $87,000. Stieven Capital Advisors L.P. increased its stake in Coastal Financial by 37.9% during the fourth quarter. Stieven Capital Advisors L.P. now owns 102,213 shares of the company's stock valued at $8,679,000 after purchasing an additional 28,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Coastal Financial by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,630 shares of the company's stock valued at $648,000 after purchasing an additional 653 shares during the last quarter. 59.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCB. Stephens restated an "overweight" rating and set a $100.00 price target on shares of Coastal Financial in a research report on Tuesday, March 18th. Raymond James lowered their price target on shares of Coastal Financial from $105.00 to $100.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their price target on shares of Coastal Financial from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Hovde Group lowered their price target on shares of Coastal Financial from $120.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th.

Coastal Financial Stock Up 0.4%

Shares of CCB traded up $0.34 during trading hours on Friday, reaching $87.82. The company's stock had a trading volume of 64,427 shares, compared to its average volume of 95,432. The company has a 50 day moving average of $85.06 and a two-hundred day moving average of $84.42. Coastal Financial Co. has a 1-year low of $42.64 and a 1-year high of $102.25. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 27.02 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14.

Coastal Financial (NASDAQ:CCB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.30). Coastal Financial had a net margin of 6.43% and a return on equity of 14.98%. The company had revenue of $139.54 million for the quarter, compared to analyst estimates of $158.65 million. As a group, research analysts predict that Coastal Financial Co. will post 4.59 EPS for the current fiscal year.

Insider Activity

In related news, Director Gregory A. Tisdel sold 1,600 shares of Coastal Financial stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $79.07, for a total value of $126,512.00. Following the completion of the transaction, the director now directly owns 14,006 shares of the company's stock, valued at $1,107,454.42. The trade was a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joel G. Edwards sold 3,128 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $88.44, for a total value of $276,640.32. Following the completion of the sale, the chief financial officer now directly owns 41,387 shares of the company's stock, valued at approximately $3,660,266.28. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.10% of the stock is owned by company insiders.

Coastal Financial Company Profile

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.