Coastal Financial Co. (NASDAQ:CCB) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of Coastal Financial Co. (NASDAQ:CCB - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,311 shares of the company's stock after selling 8,722 shares during the quarter. Invesco Ltd. owned 0.58% of Coastal Financial worth $6,649,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Coastal Financial during the 4th quarter worth approximately $64,000. New York State Teachers Retirement System acquired a new position in Coastal Financial in the 4th quarter valued at approximately $87,000. USA Financial Formulas acquired a new position in shares of Coastal Financial in the 4th quarter worth approximately $122,000. KLP Kapitalforvaltning AS bought a new stake in Coastal Financial in the fourth quarter worth approximately $178,000. Finally, Pictet Asset Management Holding SA acquired a new position in Coastal Financial during the 4th quarter valued at about $214,000. 59.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coastal Financial news, Director Gregory A. Tisdel sold 1,600 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $79.07, for a total value of $126,512.00. Following the transaction, the director now owns 14,006 shares in the company, valued at $1,107,454.42. The trade was a 10.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Coastal Financial Trading Down 0.1 %

Shares of NASDAQ CCB traded down $0.12 during trading on Monday, reaching $87.96. The stock had a trading volume of 113,252 shares, compared to its average volume of 91,000. The company has a market cap of $1.32 billion, a P/E ratio of 27.06 and a beta of 1.00. The business's 50-day moving average price is $86.50 and its 200-day moving average price is $80.73. Coastal Financial Co. has a fifty-two week low of $37.51 and a fifty-two week high of $102.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03.

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 return on equity of 14.98% and a net margin of 6.43%. On average, equities research analysts predict that Coastal Financial Co. will post 4.59 EPS for the current fiscal year.

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.