5,455 Shares in Coastal Financial Co. (NASDAQ:CCB) Bought by Emerald Advisers LLC

Emerald Advisers LLC bought a new position in Coastal Financial Co. (NASDAQ:CCB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,455 shares of the company's stock, valued at approximately $463,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Coastal Financial by 11.4% during the 4th quarter. Vanguard Group Inc. now owns 685,385 shares of the company's stock worth $58,196,000 after acquiring an additional 70,272 shares in the last quarter. State Street Corp lifted its position in shares of Coastal Financial by 2.4% during the third quarter. State Street Corp now owns 314,274 shares of the company's stock worth $16,968,000 after purchasing an additional 7,386 shares in the last quarter. Jacobs Asset Management LLC boosted its stake in shares of Coastal Financial by 9.1% in the third quarter. Jacobs Asset Management LLC now owns 187,500 shares of the company's stock valued at $10,123,000 after purchasing an additional 15,683 shares during the period. American Century Companies Inc. grew its holdings in Coastal Financial by 1.0% during the 4th quarter. American Century Companies Inc. now owns 157,238 shares of the company's stock valued at $13,351,000 after purchasing an additional 1,511 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Coastal Financial by 40.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,081 shares of the company's stock worth $6,321,000 after buying an additional 33,964 shares during the period. Institutional investors and hedge funds own 59.24% of the company's stock.

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Coastal Financial Stock Down 1.8 %

NASDAQ:CCB traded down $1.64 during mid-day trading on Friday, reaching $90.39. The stock had a trading volume of 150,188 shares, compared to its average volume of 86,200. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.81 and a beta of 1.21. Coastal Financial Co. has a 1-year low of $37.30 and a 1-year high of $102.25. The stock's 50 day simple moving average is $88.10 and its two-hundred day simple moving average is $75.64.

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 return on equity of 14.98% and a net margin of 6.43%. Equities analysts anticipate that Coastal Financial Co. will post 4.59 EPS for the current year.

Analyst Upgrades and Downgrades

CCB has been the subject of a number of analyst reports. Stephens reissued an "overweight" rating and issued a $100.00 price objective on shares of Coastal Financial in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price objective on Coastal Financial from $96.00 to $114.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $100.00 target price (up from $88.00) on shares of Coastal Financial in a research report on Wednesday, January 29th.

Coastal Financial 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.