EAM Investors LLC Makes New $4.33 Million Investment in Coastal Financial Co. (NASDAQ:CCB)

EAM Investors LLC bought a new position in Coastal Financial Co. (NASDAQ:CCB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,956 shares of the company's stock, valued at approximately $4,327,000. EAM Investors LLC owned approximately 0.38% of Coastal Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC raised its holdings in Coastal Financial by 60.0% in the 3rd quarter. Barclays PLC now owns 31,804 shares of the company's stock valued at $1,719,000 after buying an additional 11,922 shares during the period. State Street Corp increased its holdings in Coastal Financial by 2.4% in the third quarter. State Street Corp now owns 314,274 shares of the company's stock valued at $16,968,000 after buying an additional 7,386 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Coastal Financial in the 3rd quarter valued at about $377,000. JPMorgan Chase & Co. raised its holdings in Coastal Financial by 40.9% during the third quarter. JPMorgan Chase & Co. now owns 117,081 shares of the company's stock worth $6,321,000 after purchasing an additional 33,964 shares in the last quarter. Finally, Swiss National Bank raised its stake in Coastal Financial by 16.6% during the 4th quarter. Swiss National Bank now owns 25,965 shares of the company's stock worth $2,205,000 after acquiring an additional 3,700 shares in the last quarter. 59.24% of the stock is currently owned by institutional investors and hedge funds.

Coastal Financial Stock Up 0.3 %

CCB stock traded up $0.29 during mid-day trading on Monday, hitting $83.54. 28,047 shares of the company were exchanged, compared to its average volume of 89,951. The company has a market capitalization of $1.25 billion, a PE ratio of 25.70 and a beta of 1.00. The firm has a fifty day simple moving average of $86.78 and a 200 day simple moving average of $79.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Coastal Financial Co. has a twelve month low of $37.51 and a twelve month high of $102.25.

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

Insider Transactions at Coastal Financial

In related news, Director Gregory A. Tisdel sold 1,600 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $79.07, for a total value of $126,512.00. Following the completion of the transaction, the director now owns 14,006 shares in the company, valued at $1,107,454.42. This represents a 10.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 16.82% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James reissued a "strong-buy" rating on shares of Coastal Financial in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price objective on Coastal Financial from $96.00 to $114.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Stephens reiterated an "overweight" rating and set a $100.00 price target on shares of Coastal Financial in a research report on Tuesday, March 18th.

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.