Should I buy or sell Coastal Financial stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coastal Financial in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street 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?

1 equities research analysts have issued 1 year price objectives for Coastal Financial's shares. Their CCB share price targets range from $53.00 to $53.00. On average, they predict the company's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 41.8% 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 2024?

Coastal Financial's stock was trading at $44.41 at the beginning of 2024. Since then, CCB stock has decreased by 15.8% and is now trading at $37.38. View the best growth stocks for 2024 here .

When is Coastal Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our CCB earnings forecast .

How were Coastal Financial's earnings last quarter?

Coastal Financial Co. (NASDAQ:CCB) announced its earnings results on Tuesday, January, 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.94 by $0.28. The company earned $124.35 million during the quarter, compared to analyst estimates of $98.40 million. Coastal Financial had a net margin of 8.29% and a trailing twelve-month return on equity of 16.05%.

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) . First Trust Dow Jones Select Microcap Index Fund (FDM) .

When did Coastal Financial IPO?

Coastal Financial (CCB) raised $38 million in an IPO 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?

Coastal Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Cox Capital Mgt LLC (0.27%), First Bank & Trust (0.16%) and Capital Advisors Wealth Management LLC (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CCB

Coastal Financial (CCB) Stock Price, News & Analysis

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$37.38

-0.41 (-1.08%)

(As of 04/17/2024 ET)

Compare

Today's Range: $37.38
▼
$38.33
50-Day Range: $35.99
▼
$40.27
52-Week Range: $32.20
▼
$48.50

Volume: 27,112 shs
Average Volume: 50,954 shs
Market Capitalization: $500.44 million

P/E Ratio: 11.43
Dividend Yield: N/A
Price Target: $53.00

Get Coastal Financial alerts:

Coastal Financial MarketRank™ Stock Analysis

Analyst Rating: Strong Buy
4.00 Rating Score
Upside/Downside: 41.8% Upside
$53.00 Price Target
Short Interest: Bearish
4.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.47
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 55.80%
From $3.71 to $5.78 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.

3.30 out of 5 stars

Financial Services Sector

11th out of 32 stocks

Banks - Regional Industry

5th out of 11 stocks

2.0

Analyst's Opinion

Amount of Analyst Coverage
Coastal Financial has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.04% 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 increased by 8.70%, indicating that investor sentiment is decreasing significantly.

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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Coastal Financial this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Coastal Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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
16.82% 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
59.24% 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 55.80% in the coming year, from $3.71 to $5.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coastal Financial is 11.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coastal Financial is 11.43, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 424.07.
Price to Book Value per Share Ratio
Coastal Financial has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

CCB Stock News Headlines

April 12, 2024 | msn.com

United Way of the Coastal Empire appoints new President & CEO

April 8, 2024 | omaha.com

Cutting programs? Merging campuses? Nebraska university leaders ponder bold changes to compete

April 18, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

April 3, 2024 | finance.yahoo.com

Coastal Financial Corporation (CCB)

March 4, 2024 | finance.yahoo.com

Coastal Financial Corporation (NASDAQ:CCB) is a favorite amongst institutional investors who own 55%

February 23, 2024 | investing.com

Coastal Financial Corp (CCB)

February 22, 2024 | msn.com

Mohammed Shami ruled out of IPL, to undergo ankle surgery

February 17, 2024 | wsj.com

Coastal Financial Corp.

April 18, 2024 | Paradigm Press (Ad)

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February 12, 2024 | finance.yahoo.com

Coastal Financial Insiders Added US$1.43m Of Stock To Their Holdings

February 1, 2024 | finance.yahoo.com

Coastal Financial Corp (CCB) Reports Mixed Results Amid Economic Challenges

January 31, 2024 | msn.com

Coastal Financial Shares Investor Meeting Slides Online

January 30, 2024 | finance.yahoo.com

Coastal Financial Corporation Announces Fourth Quarter and Fiscal Year 2023 Results

January 24, 2024 | msn.com

Middle East crisis live: Israel and Hamas move closer to ceasefire deal, reports say; US carries out new strikes against Houthis

January 24, 2024 | msn.com

Middle East crisis live: Hundreds stranded in Khan Younis hospital by heavy fighting; Iraq PM warns US strikes will lead to ‘escalation’

January 22, 2024 | finance.yahoo.com

Those who invested in Coastal Financial (NASDAQ:CCB) five years ago are up 171%

January 19, 2024 | msn.com

Small Businesses Fuel Urban Growth Shift From Coastal Cities

January 4, 2024 | finance.yahoo.com

Brian Hamilton Joins Coastal Financial Corporation Board of Directors

December 10, 2023 | msn.com

Clifftop homes demolished after coastal road collapses into the sea

December 9, 2023 | msn.com

Coastal Commission seeks millions in Aptos homeowner fines

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

October 27, 2023 | finance.yahoo.com

Coastal Financial Corporation Announces Third Quarter 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 1/30/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Financial Services
Industry: Banks - Regional
Sub-Industry: N/A
Current Symbol: NASDAQ:CCB
CUSIP: N/A
CIK: 1437958
Web: www.coastalbank.com
Phone: (425) 257-9000
Fax: N/A
Employees: 507
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $53.00
High Stock Price Target: $53.00
Low Stock Price Target: $53.00
Potential Upside/Downside: +41.8%
Consensus Rating: Strong Buy
Rating Score (0-4): 4.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.27
Trailing P/E Ratio: 11.43
Forward P/E Ratio: 10.08
P/E Growth: N/A
Net Income: $44.58 million
Net Margins: 8.29%
Pretax Margin: 10.63%
Return on Equity: 16.05%
Return on Assets: 1.24%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 1.01
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $351.84 million
Price / Sales: 1.42
Cash Flow: $3.46 per share
Price / Cash Flow: 10.81
Book Value: $22.17 per share
Price / Book: 1.69

Miscellaneous

Outstanding Shares: 13,388,000
Free Float: 11,136,000
Market Cap: $500.44 million
Optionable: Not Optionable
Beta: 1.15

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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

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?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coastal Financial in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street 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?: 1 equities research analysts have issued 1 year price objectives for Coastal Financial's shares. Their CCB share price targets range from $53.00 to $53.00. On average, they predict the company's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 41.8% 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 2024?: Coastal Financial's stock was trading at $44.41 at the beginning of 2024. Since then, CCB stock has decreased by 15.8% and is now trading at $37.38.
View the best growth stocks for 2024 here.
When is Coastal Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CCB earnings forecast.
How were Coastal Financial's earnings last quarter?: Coastal Financial Co. (NASDAQ:CCB) announced its earnings results on Tuesday, January, 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.94 by $0.28. The company earned $124.35 million during the quarter, compared to analyst estimates of $98.40 million. Coastal Financial had a net margin of 8.29% and a trailing twelve-month return on equity of 16.05%.

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).First Trust Dow Jones Select Microcap Index Fund (FDM).
When did Coastal Financial IPO?: Coastal Financial (CCB) raised $38 million in an IPO 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?: Coastal Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Cox Capital Mgt LLC (0.27%), First Bank & Trust (0.16%) and Capital Advisors Wealth Management LLC (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CCB) was last updated on 4/18/2024 by MarketBeat.com Staff

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