Coastal Financial (NASDAQ:CCB) Receives "Overweight" Rating from Stephens

Stephens restated their overweight rating on shares of Coastal Financial (NASDAQ:CCB - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $100.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Raymond James restated a "strong-buy" rating and issued a $100.00 price target (up from $88.00) on shares of Coastal Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Coastal Financial from $96.00 to $114.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th.

Coastal Financial Trading Down 0.6 %

Shares of CCB stock traded down $0.55 on Tuesday, reaching $84.48. 516,386 shares of the stock were exchanged, compared to its average volume of 83,303. The stock has a 50 day moving average price of $87.57 and a 200 day moving average price of $74.46. The stock has a market cap of $1.14 billion, a PE ratio of 25.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. Coastal Financial has a one year low of $36.60 and a one year high of $102.25.

Coastal Financial (NASDAQ:CCB - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.09). Coastal Financial had a net margin of 6.43% and a return on equity of 14.98%. Equities research analysts forecast that Coastal Financial will post 4.59 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Coastal Financial by 47.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,322,325 shares of the company's stock valued at $112,279,000 after buying an additional 423,864 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Coastal Financial by 11.4% in the fourth quarter. Vanguard Group Inc. now owns 685,385 shares of the company's stock valued at $58,196,000 after buying an additional 70,272 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Coastal Financial by 1,067.9% in the fourth quarter. Wellington Management Group LLP now owns 456,887 shares of the company's stock valued at $38,794,000 after buying an additional 417,767 shares during the last quarter. Azora Capital LP acquired a new stake in shares of Coastal Financial in the fourth quarter valued at approximately $33,794,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Coastal Financial by 9.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 385,433 shares of the company's stock valued at $32,727,000 after buying an additional 33,980 shares during the last quarter. 59.24% of the stock is owned by institutional investors and hedge funds.

About Coastal Financial

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.