Coastal Financial Co. (NASDAQ:CCB – Get Free Report) Director Steven D. Hovde sold 2,003 shares of Coastal Financial stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $53.26, for a total transaction of $106,679.78. Following the completion of the sale, the director now owns 27,997 shares in the company, valued at approximately $1,491,120.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Coastal Financial Price Performance
Shares of NASDAQ CCB traded down $0.50 during mid-day trading on Thursday, reaching $52.14. The company’s stock had a trading volume of 1,970 shares, compared to its average volume of 55,220. The stock has a market capitalization of $699.67 million, a P/E ratio of 18.23 and a beta of 1.25. Coastal Financial Co. has a 1-year low of $35.67 and a 1-year high of $54.00. The stock has a 50-day moving average of $48.61 and a two-hundred day moving average of $43.35. The company has a debt-to-equity ratio of 0.16, 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 Monday, July 29th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $167.41 million during the quarter, compared to the consensus estimate of $168.30 million. Coastal Financial had a net margin of 6.07% and a return on equity of 13.60%. On average, equities research analysts anticipate that Coastal Financial Co. will post 3.52 EPS for the current fiscal year.
Hedge Funds Weigh In On Coastal Financial
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Coastal Financial to a “moderate buy” rating in a research note on Tuesday, July 30th. Hovde Group raised their target price on Coastal Financial from $55.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th.
View Our Latest Stock Analysis on CCB
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.
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