Coastal Financial Co. (NASDAQ:CCB - Get Free Report) Director Gregory A. Tisdel sold 1,600 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $79.07, for a total value of $126,512.00. Following the completion of the sale, the director now directly owns 14,006 shares of the company's stock, valued at $1,107,454.42. The trade was a 10.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Coastal Financial Stock Up 1.1 %
CCB stock opened at $80.42 on Wednesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 24.74 and a beta of 1.00. The firm has a 50 day simple moving average of $87.07 and a 200-day simple moving average of $78.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. Coastal Financial Co. has a twelve month low of $37.30 and a twelve month high of $102.25.
Coastal Financial (NASDAQ:CCB - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.94 earnings per share 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%. On average, equities research analysts predict that Coastal Financial Co. will post 4.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CCB. Raymond James reaffirmed a "strong-buy" rating on shares of Coastal Financial in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target 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. Finally, 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.
Read Our Latest Stock Analysis on CCB
Institutional Trading of Coastal Financial
Several hedge funds and other institutional investors have recently bought and sold shares of CCB. T. Rowe Price Investment Management Inc. lifted its position in shares of Coastal Financial by 47.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,322,325 shares of the company's stock worth $112,279,000 after buying an additional 423,864 shares during the last quarter. Vanguard Group Inc. raised its stake in Coastal Financial by 11.4% during the fourth 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 during the period. Wellington Management Group LLP lifted its holdings in Coastal Financial by 1,067.9% in the fourth quarter. Wellington Management Group LLP now owns 456,887 shares of the company's stock worth $38,794,000 after acquiring an additional 417,767 shares during the last quarter. Azora Capital LP acquired a new position in Coastal Financial in the fourth quarter valued at approximately $33,794,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Coastal Financial by 9.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 385,433 shares of the company's stock valued at $32,727,000 after purchasing an additional 33,980 shares during the last quarter. 59.24% of the stock is owned by institutional investors.
Coastal Financial Company Profile
(
Get Free Report)
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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