Coastal Financial (CCB) to Release Earnings on Tuesday

Coastal Financial (NASDAQ:CCB - Get Free Report) will likely be posting its Q4 2024 quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Coastal Financial to post earnings of $1.03 per share for the quarter.

Coastal Financial (NASDAQ:CCB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.09). Coastal Financial had a return on equity of 14.98% and a net margin of 6.43%. On average, analysts expect Coastal Financial to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Coastal Financial Price Performance

CCB traded down $0.77 during midday trading on Friday, hitting $89.16. The company had a trading volume of 114,674 shares, compared to its average volume of 125,237. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $1.21 billion, a PE ratio of 27.43 and a beta of 1.22. The firm's 50-day simple moving average is $81.87 and its 200-day simple moving average is $64.85. Coastal Financial has a twelve month low of $35.67 and a twelve month high of $91.39.

Insider Activity at Coastal Financial

In other news, EVP Jonathan E. Sand sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $74.15, for a total transaction of $74,150.00. Following the completion of the sale, the executive vice president now owns 19,611 shares in the company, valued at $1,454,155.65. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric M. Sprink sold 3,482 shares of Coastal Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.14, for a total transaction of $247,709.48. Following the completion of the transaction, the chief executive officer now owns 244,906 shares of the company's stock, valued at $17,422,612.84. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,482 shares of company stock valued at $526,869 in the last quarter. Insiders own 16.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CCB shares. Raymond James reiterated a "strong-buy" rating and issued a $100.00 price target (up from $88.00) on shares of Coastal Financial in a research report on Wednesday. Hovde Group raised their target price on shares of Coastal Financial from $67.00 to $76.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their price objective on Coastal Financial from $92.00 to $96.00 and gave the company an "outperform" rating in a report on Thursday, December 12th.

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.