Endeavour Capital Advisors Inc. Has $38.65 Million Stake in Coastal Financial Co. (NASDAQ:CCB)

Endeavour Capital Advisors Inc. lessened its holdings in Coastal Financial Co. (NASDAQ:CCB - Free Report) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 455,229 shares of the company's stock after selling 293,176 shares during the quarter. Coastal Financial makes up approximately 12.3% of Endeavour Capital Advisors Inc.'s holdings, making the stock its 2nd biggest holding. Endeavour Capital Advisors Inc. owned about 3.36% of Coastal Financial worth $38,653,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Coastal Financial during the third quarter worth about $31,000. Meeder Asset Management Inc. acquired a new position in Coastal Financial during the fourth quarter valued at approximately $64,000. FMR LLC increased its stake in Coastal Financial by 21.0% in the third quarter. FMR LLC now owns 1,316 shares of the company's stock valued at $71,000 after purchasing an additional 228 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Coastal Financial in the fourth quarter worth $87,000. Finally, Quantbot Technologies LP bought a new position in shares of Coastal Financial during the third quarter worth $119,000. Institutional investors and hedge funds own 59.24% of the company's stock.

Coastal Financial Stock Down 4.5 %

NASDAQ:CCB traded down $3.77 during trading hours on Friday, reaching $79.79. 132,939 shares of the stock were exchanged, compared to its average volume of 87,669. 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 Co. has a twelve month low of $37.30 and a twelve month high of $102.25. The stock has a market cap of $1.20 billion, a PE ratio of 24.55 and a beta of 1.00. The firm has a 50 day moving average of $88.38 and a 200 day moving average of $77.11.

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Coastal Financial (NASDAQ:CCB - Get Free Report) last issued its quarterly earnings results 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, equities analysts expect that Coastal Financial Co. will post 4.59 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CCB shares. Keefe, Bruyette & Woods lifted their target price on Coastal Financial from $96.00 to $114.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Stephens reissued an "overweight" rating and set a $100.00 target price on shares of Coastal Financial in a research note on Tuesday, March 18th. Finally, Raymond James lifted their price target on shares of Coastal Financial from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Wednesday.

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.