Coastal Financial (CCB) Stock Price, News & Analysis

Company Overview

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. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

Key Stats

• Today's Range: $72.78 to $74.89
• 50-Day Range: $49.19 to $74.79
• 52-Week Range: $35.67 to $74.89
• Volume: 82,830 shs
• Average Volume: 60,788 shs
• Market Capitalization: $1.01 billion
• P/E Ratio: 25.18
• Dividend Yield: N/A
• Price Target: $74.67
• Consensus Rating: Buy

Coastal Financial Stock Analysis - MarketRank™

Coastal Financial scored higher than 90% of companies evaluated by MarketBeat, and ranked 163rd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Buy

Consensus Rating

Coastal Financial has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Coastal Financial has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 62.54%

Earnings Growth

Earnings for Coastal Financial are expected to grow by 62.54% in the coming year, from $3.55 to $5.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Coastal Financial is 25.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Coastal Financial is 25.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Book Value per Share Ratio

Coastal Financial has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.13% of the float of Coastal Financial has been sold short.

Short Interest Ratio / Days to Cover

Coastal Financial has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Coastal Financial has recently decreased by 8.29%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Coastal Financial does not currently pay a dividend.

Dividend Growth

Coastal Financial does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.47

Percentage of Shares Shorted

3.13% of the float of Coastal Financial has been sold short.

Short Interest Ratio / Days to Cover

Coastal Financial has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Coastal Financial has recently decreased by 8.29%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.67

News Sentiment

Coastal Financial has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Coastal Financial this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for CCB on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Coastal Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Coastal Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,428,296.00 in company stock.

Percentage Held by Insiders

16.82% of the stock of Coastal Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

59.24% of the stock of Coastal Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCB Stock Analysis - Frequently Asked Questions

How have CCB shares performed this year?

Coastal Financial's stock was trading at $44.41 at the beginning of 2024. Since then, CCB stock has increased by 68.4% and is now trading at $74.79.
View the best growth stocks for 2024 here.

How were Coastal Financial's earnings last quarter?

Coastal Financial Co. (NASDAQ:CCB) posted its quarterly earnings results on Monday, October, 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The company had revenue of $185.15 million for the quarter, compared to analysts' expectations of $154.30 million. Coastal Financial had a trailing twelve-month return on equity of 13.86% and a net margin of 5.98%.

When did Coastal Financial IPO?

Coastal Financial (CCB) raised $38 million in an initial public offering (IPO) on Wednesday, July 18th 2018. The company issued 2,700,000 shares at a price of $13.00-$15.00 per share. Keefe, Bruyette & Woods (A Stifel Company) and Hovde Group acted as the underwriters for the IPO.

Who are Coastal Financial's major shareholders?

Top institutional shareholders of Coastal Financial include The Manufacturers Life Insurance Company (2.60%), State Street Corp (2.32%), Geode Capital Management LLC (1.92%) and Jacobs Asset Management LLC (1.38%). Insiders that own company stock include Eric M Sprink, Thomas D Lane, Joel G Edwards, John J Dickson, Steven D Hovde, Jonathan E Sand, Andrew G Stines and Andrew P Skotdal.
View institutional ownership trends.

How do I buy shares of Coastal Financial?

Shares of CCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Coastal Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Coastal Financial investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/28/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CCB
• CUSIP: N/A
• CIK: 1437958
• Web: www.coastalbank.com
• Phone: (425) 257-9000
• Fax: N/A
• Employees: 380
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $74.67
• High Stock Price Target: $76.00
• Low Stock Price Target: $73.00
• Potential Upside/Downside: -0.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.97
• Trailing P/E Ratio: 25.18
• Forward P/E Ratio: 21.07
• P/E Growth: N/A
• Net Income: $44.58 million
• Net Margins: 5.98%
• Pretax Margin: 7.61%
• Return on Equity: 13.86%
• Return on Assets: 1.10%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $444.25 million
• Price / Sales: 2.28
• Cash Flow: $3.60 per share
• Price / Cash Flow: 20.80
• Book Value: $22.17 per share
• Price / Book: 3.37

Miscellaneous

• Outstanding Shares: 13,544,000
• Free Float: 11,266,000
• Market Cap: $1.01 billion
• Optionable: Not Optionable
• Beta: 1.22