Should I buy or sell Coastal Financial stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coastal Financial in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" CCB shares. View CCB analyst ratings or view top-rated stocks .

What is Coastal Financial's stock price target for 2024?

2 Wall Street analysts have issued 1 year price targets for Coastal Financial's stock. Their CCB share price targets range from $53.00 to $66.00. On average, they expect the company's share price to reach $57.33 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price. View analysts price targets for CCB or view top-rated stocks among Wall Street analysts .

How have CCB shares performed in 2023?

Coastal Financial's stock was trading at $47.52 at the beginning of 2023. Since then, CCB shares have decreased by 10.1% and is now trading at $42.71. View the best growth stocks for 2023 here .

When is Coastal Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 26th 2024. View our CCB earnings forecast .

How were Coastal Financial's earnings last quarter?

Coastal Financial Co. (NASDAQ:CCB) posted its earnings results on Friday, October, 27th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.12. The business had revenue of $96.81 million for the quarter, compared to the consensus estimate of $111.40 million. Coastal Financial had a net margin of 9.89% and a trailing twelve-month return on equity of 18.38%.

What ETFs hold Coastal Financial's stock?

ETFs with the largest weight of Coastal Financial (NASDAQ:CCB) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY) and First Trust Dow Jones Select Microcap Index Fund (FDM) . Invesco Raymond James SB-1 Equity ETF (RYJ) .

When did Coastal Financial IPO?

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

Who are Coastal Financial's major shareholders?

Coastal Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Endeavour Capital Advisors Inc. (5.48%), The Manufacturers Life Insurance Company (4.21%), Kennedy Capital Management LLC (1.98%), Advisors Capital Management LLC (1.04%), EJF Capital LLC (0.99%) and JCSD Capital LLC (0.88%). Insiders that own company stock include Andrew P Skotdal, Eric M Sprink, John J Dickson and Thomas D Lane. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Coastal Financial Stock Price, News & Analysis (NASDAQ:CCB)

$42.71

+0.73 (+1.74%)

(As of 12/8/2023 ET)

Compare

Today's Range: $40.99
▼
$42.78
50-Day Range: $36.80
▼
$43.17
52-Week Range: $29.91
▼
$53.89

Volume: 31,851 shs
Average Volume: 41,791 shs
Market Capitalization: $568.04 million

P/E Ratio: 11.96
Dividend Yield: N/A
Price Target: $57.33

Coastal Financial MarketRank™ Stock Analysis

Analyst Rating: Strong Buy
3.50 Rating Score
Upside/Downside: 34.2% Upside
$57.33 Price Target
Short Interest: Healthy
3.18% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.82%
From $3.38 to $4.05 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Finance Sector

105th out of 828 stocks

State Commercial Banks Industry

9th out of 173 stocks

3.8

Analyst's Opinion

Consensus Rating
Coastal Financial has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $57.33, Coastal Financial has a forecasted upside of 34.2% from its current price of $42.71.
Amount of Analyst Coverage
Coastal Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.18% of the float of Coastal Financial has been sold short.
Short Interest Ratio / Days to Cover
Coastal Financial has a short interest ratio ("days to cover") of 8.4.
Change versus previous month
Short interest in Coastal Financial has recently decreased by 2.34%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Coastal Financial does not currently pay a dividend.
Dividend Growth
Coastal Financial does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Coastal Financial has received a 47.76% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pre-retirement counseling", "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", and "Home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Coastal Financial is -0.47.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Coastal Financial this week, compared to 1 article on an average week.
Search Interest
3 people have searched for CCB on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added Coastal Financial to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coastal Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
19.21% of the stock of Coastal Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
57.86% of the stock of Coastal Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Coastal Financial are expected to grow by 19.82% in the coming year, from $3.38 to $4.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coastal Financial is 11.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coastal Financial is 11.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.48.
Price to Book Value per Share Ratio
Coastal Financial has a P/B Ratio of 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 to 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, small business administration loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction 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 overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as 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, 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

30 days | 90 days | 365 days | Advanced Chart

CCB Stock News Headlines

December 9, 2023 | americanbankingnews.com

Coastal Financial (NASDAQ:CCB) and Renasant (NASDAQ:RNST) Head-To-Head Review

December 9, 2023 | msn.com

Coastal Commission seeks millions in Aptos homeowner fines

December 9, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 1, 2023 | msn.com

Raymond James Maintains Coastal Financial (CCB) Strong Buy Recommendation

November 1, 2023 | finance.yahoo.com

Time To Worry? Analysts Are Downgrading Their Coastal Financial Corporation (NASDAQ:CCB) Outlook

October 31, 2023 | morningstar.com

Coastal Financial Corp CCB

October 27, 2023 | finance.yahoo.com

Coastal Financial Corp (CCB) Announces Q3 2023 Earnings

October 27, 2023 | msn.com

Coastal Financial Corporation (CCB) Q3 Earnings and Revenues Miss Estimates

December 9, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 27, 2023 | finance.yahoo.com

Coastal Financial Corporation Announces Third Quarter 2023 Results

October 19, 2023 | finance.yahoo.com

Coastal Financial Corporation (CCB) to Report Q3 Results: Wall Street Expects Earnings Growth

September 12, 2023 | businesswire.com

True Digital Adds Strategic Advisor and Banker Advisory Board

September 11, 2023 | usatoday.com

After Idalia, Florida community reeling from significant flooding event: 'A lot of people that are hurting'

September 1, 2023 | finance.yahoo.com

Bullish Coastal Financial Insiders Loaded Up On US$1.4m Of Stock

August 21, 2023 | finance.yahoo.com

Coastal Financial: A Community Bank With Growth Opportunities

August 11, 2023 | finance.yahoo.com

Coastal Financial Corporation's (NASDAQ:CCB) top owners are individual investors with 48% stake, while 28% is held by institutions

August 1, 2023 | finance.yahoo.com

Coastal Community Bank Adds to Executive Leadership

July 28, 2023 | finance.yahoo.com

Coastal Financial Corporation Announces Second Quarter 2023 Results

July 28, 2023 | finance.yahoo.com

Coastal Financial Corporation (CCB) Lags Q2 Earnings and Revenue Estimates

July 16, 2023 | finance.yahoo.com

Coastal Financial (NASDAQ:CCB) shareholders have earned a 39% CAGR over the last three years

June 28, 2023 | finance.yahoo.com

Does Coastal Financial Corporation (CCB) Have the Potential to Rally 55.62% as Wall Street Analysts Expect?

June 28, 2023 | finance.yahoo.com

Is Coastal Financial Corporation (CCB) a Solid Growth Stock? 3 Reasons to Think "Yes"

June 21, 2023 | finanznachrichten.de

Coastal Financial Corporation: Coastal Community Bank is making its first move towards the Metaverse with 3D Game and Marketplace

June 12, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 50.47% Upside in Coastal Financial Corporation (CCB): Here's What You Should Know

June 12, 2023 | finance.yahoo.com

4 Reasons to Add Coastal Financial (CCB) Stock to Your Kitty

June 12, 2023 | finance.yahoo.com

Coastal Financial Corporation (CCB) is an Incredible Growth Stock: 3 Reasons Why

May 28, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, Coastal Financial (NASDAQ:CCB) Presents An Opportunity

See More Headlines

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Company Calendar

Last Earnings: 10/27/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CCB
CUSIP: N/A
CIK: 1437958
Web: www.coastalbank.com
Phone: (425) 257-9000
Fax: N/A
Employees: 528
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $57.33
High Stock Price Target: $66.00
Low Stock Price Target: $53.00
Potential Upside/Downside: +34.2%
Consensus Rating: Strong Buy
Rating Score (0-4): 3.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.57
Trailing P/E Ratio: 11.96
Forward P/E Ratio: 12.64
P/E Growth: N/A
Net Income: $40.63 million
Net Margins: 9.89%
Pretax Margin: 12.35%
Return on Equity: 18.38%
Return on Assets: 1.41%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 1.01
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $324.79 million
Price / Sales: 1.75
Cash Flow: $3.42 per share
Price / Cash Flow: 12.50
Book Value: $18.78 per share
Price / Book: 2.27

Miscellaneous

Outstanding Shares: 13,302,000
Free Float: 10,747,000
Market Cap: $568.13 million
Optionable: Not Optionable
Beta: 1.10

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Key Executives

Mr. Eric M. Sprink (Age 50)
CEO & Director
Comp: $1.28M
Mr. Curt T. Queyrouze (Age 61)
President
Comp: $719.43k
Mr. Joel G. Edwards (Age 63)
Executive VP, CFO & Corporate Secretary
Comp: $584.35k
Ms. Erika Heer
Executive VP & Chief Human Resources Officer
Mr. Russell A. Keithley (Age 57)
Executive VP & Chief Banking Officer
Comp: $408.44k
Ms. Laura L. Byers (Age 66)
Chief Digital Banking Officer & Executive VP
Jon Sand
Executive VP & Chief Credit Officer
Mr. Tyler Ferguson
Executive VP & Chief Credit Officer of CCBX
Mr. Andrew Stines
Executive VP & Chief Risk Officer
Mr. Michael Culp
Senior VP & Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCB Stock Analysis - Frequently Asked Questions

Should I buy or sell Coastal Financial stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coastal Financial in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" CCB shares.
View CCB analyst ratings or view top-rated stocks.
What is Coastal Financial's stock price target for 2024?: 2 Wall Street analysts have issued 1 year price targets for Coastal Financial's stock. Their CCB share price targets range from $53.00 to $66.00. On average, they expect the company's share price to reach $57.33 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
View analysts price targets for CCB or view top-rated stocks among Wall Street analysts.
How have CCB shares performed in 2023?: Coastal Financial's stock was trading at $47.52 at the beginning of 2023. Since then, CCB shares have decreased by 10.1% and is now trading at $42.71.
View the best growth stocks for 2023 here.
When is Coastal Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, January 26th 2024.
View our CCB earnings forecast.
How were Coastal Financial's earnings last quarter?: Coastal Financial Co. (NASDAQ:CCB) posted its earnings results on Friday, October, 27th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.12. The business had revenue of $96.81 million for the quarter, compared to the consensus estimate of $111.40 million. Coastal Financial had a net margin of 9.89% and a trailing twelve-month return on equity of 18.38%.

What ETFs hold Coastal Financial's stock?: ETFs with the largest weight of Coastal Financial (NASDAQ:CCB) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY) and First Trust Dow Jones Select Microcap Index Fund (FDM).Invesco Raymond James SB-1 Equity ETF (RYJ).
When did Coastal Financial IPO?: (CCB) raised $38 million in an initial public offering on Wednesday, July 18th 2018. The company issued 2,700,000 shares at $13.00-$15.00 per share. Keefe, Bruyette & Woods (A Stifel Company) and Hovde Group acted as the underwriters for the IPO.
Who are Coastal Financial's major shareholders?: Coastal Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Endeavour Capital Advisors Inc. (5.48%), The Manufacturers Life Insurance Company (4.21%), Kennedy Capital Management LLC (1.98%), Advisors Capital Management LLC (1.04%), EJF Capital LLC (0.99%) and JCSD Capital LLC (0.88%). Insiders that own company stock include Andrew P Skotdal, Eric M Sprink, John J Dickson and Thomas D Lane.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CCB) was last updated on 12/9/2023 by MarketBeat.com Staff

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Coastal Financial Stock Price, News & Analysis (NASDAQ:CCB)

Coastal Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Coastal Financial Stock (NASDAQ:CCB)

CCB Stock Price History

CCB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CCB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™