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NASDAQ:CCB

Coastal Financial (CCB) Stock Price, News & Analysis

$47.82
-0.03 (-0.06%)
(As of 07/12/2024 ET)
Today's Range
$47.58
$48.72
50-Day Range
$41.25
$47.85
52-Week Range
$35.67
$48.72
Volume
55,679 shs
Average Volume
52,238 shs
Market Capitalization
$641.74 million
P/E Ratio
16.72
Dividend Yield
N/A
Price Target
$54.00

Coastal Financial MarketRank™ Stock Analysis

Analyst Rating
Strong Buy
3.50 Rating Score
Upside/​Downside
12.9% Upside
$54.00 Price Target
Short Interest
Healthy
4.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
1.45mentions of Coastal Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$53,384 Sold Last Quarter
Proj. Earnings Growth
60.52%
From $3.47 to $5.57 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Finance Sector

65th out of 866 stocks

State Commercial Banks Industry

16th out of 178 stocks

CCB stock logo

About Coastal Financial Stock (NASDAQ:CCB)

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. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

CCB Stock Price History

CCB Stock News Headlines

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Coastal Financial Corporation (CCB)
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Company Calendar

Last Earnings
4/29/2024
Today
7/13/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CCB
Fax
N/A
Employees
486
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$54.00
High Stock Price Target
$55.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+12.9%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$44.58 million
Pretax Margin
8.46%

Debt

Sales & Book Value

Annual Sales
$537.55 million
Cash Flow
$3.52 per share
Book Value
$22.17 per share

Miscellaneous

Free Float
11,162,000
Market Cap
$641.74 million
Optionable
Not Optionable
Beta
1.25
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Key Executives

  • Mr. Eric M. Sprink (Age 51)
    CEO & Director
    Comp: $1.28M
  • Mr. Curt T. Queyrouze (Age 62)
    President
    Comp: $732.06k
  • Mr. Joel G. Edwards (Age 64)
    Executive VP, CFO & Corporate Secretary
    Comp: $564.09k
  • Mr. Russell A. Keithley (Age 58)
    Executive VP & Chief Banking Officer
    Comp: $451.41k
  • Mr. Andrew G. Stines (Age 53)
    Executive VP & Chief Risk Officer
    Comp: $434.72k
  • Ms. Erika Heer
    Executive VP & Chief Human Resources Officer
  • Ms. Laura L. Byers (Age 67)
    Chief Digital Banking Officer & Executive VP
  • Mr. Jonathan E. Sand (Age 53)
    Executive VP & Chief Credit Officer
  • Mr. Tyler Ferguson
    Executive VP & Chief Credit Officer of CCBX
  • Mr. Michael E. Culp (Age 35)
    Executive VP & Chief Revenue Officer

CCB Stock Analysis - Frequently Asked Questions

How have CCB shares performed this year?

Coastal Financial's stock was trading at $44.41 at the beginning of 2024. Since then, CCB stock has increased by 7.7% and is now trading at $47.82.
View the best growth stocks for 2024 here
.

How were Coastal Financial's earnings last quarter?

Coastal Financial Co. (NASDAQ:CCB) released its quarterly earnings data on Monday, April, 29th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.78 by $0.11. The company earned $147.89 million during the quarter, compared to analyst estimates of $121.10 million. Coastal Financial had a net margin of 6.55% and a trailing twelve-month return on equity of 14.31%.

When did Coastal Financial IPO?

Coastal Financial (CCB) raised $38 million in an initial public offering on Wednesday, July 18th 2018. The company issued 2,700,000 shares at a price of $13.00-$15.00 per share. Keefe, Bruyette & Woods (A Stifel Company) and Hovde Group served as the underwriters for the IPO.

Who are Coastal Financial's major shareholders?

Top institutional shareholders of Coastal Financial include First Bank & Trust (0.16%) and Diversify Advisory Services LLC (0.05%). Insiders that own company stock include Eric M Sprink, Thomas D Lane, Joel G Edwards, John J Dickson, Andrew G Stines and Andrew P Skotdal.
View institutional ownership trends
.

How do I buy shares of Coastal Financial?

Shares of CCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CCB) was last updated on 7/13/2024 by MarketBeat.com Staff

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