Steven Hovde Biography and Net Worth

Director of Coastal Financial

Steven D. Hovde is the Chairman and Chief Executive Officer at Hovde Group, LLC, an investment banking and advisory firm that serves bank and thrift clients across the United States, where he is responsible for managing its investment banking activities, the strategic development of mergers and acquisitions of bank and thrift institutions, and its private equity activities. He serves as a director of H Bancorp and as a trustee of several charitable foundations. Before co-founding Hovde Group in 1987, Mr. Hovde was Regional General Counsel and Vice President of a national commercial real estate development firm. Previous to that, Mr. Hovde served as an attorney with, Rudnick & Wolfe, which is today DLA Piper, specializing in real estate law. Prior to that, Mr. Hovde practiced accounting in Chicago as a Certified Public Accountant with Touche Ross LLP, which is today Deloitte & Touche LLP. Mr. Hovde graduated summa cum laude with a Bachelor of Business Administration, majoring in Accounting, from the School of Business at the University of Wisconsin, Madison. He also earned his law degree, cum laude, at Northwestern University. Mr. Hovde provides the board of directors with important experience and insight into the financial services industry. Mr. Hovde has been a member of our board of directors since 2011.

What is Steven D. Hovde's net worth?: The estimated net worth of Steven D. Hovde is at least $1.98 million as of September 19th, 2024. Hovde owns 21,950 shares of Coastal Financial stock worth more than $1,984,061 as of March 29th. This net worth approximation does not reflect any other assets that Hovde may own. Learn More about Steven D. Hovde's net worth.
How do I contact Steven D. Hovde?: The corporate mailing address for Hovde and other Coastal Financial executives is 5415 Evergreen Way, Everett WA, 98203. Coastal Financial can also be reached via phone at (425) 257-9000 and via email at jedwards@coastalbank.com. Learn More on Steven D. Hovde's contact information.
Has Steven D. Hovde been buying or selling shares of Coastal Financial?: Steven D. Hovde has not been actively trading shares of Coastal Financial over the course of the past ninety days. Most recently, Steven D. Hovde sold 2,050 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.51, for a transaction totalling $109,695.50. Following the completion of the sale, the director now directly owns 21,950 shares of the company's stock, valued at $1,174,544.50. Learn More on Steven D. Hovde's trading history.
Who are Coastal Financial's active insiders?: Coastal Financial's insider roster includes Joel Edwards (CFO), Joel Edwards (CFO), Steven Hovde (Director), Steven Hovde (Director), and Eric Sprink (CEO). Learn More on Coastal Financial's active insiders.
Are insiders buying or selling shares of Coastal Financial?: During the last twelve months, insiders at the sold shares 26 times. They sold a total of 79,190 shares worth more than $4,481,680.37. The most recent insider tranaction occured on November, 11th when EVP Jonathan E Sand sold 1,000 shares worth more than $74,150.00. Insiders at Coastal Financial own 16.8% of the company. Learn More about insider trades at Coastal Financial.
Information on this page was last updated on 11/11/2024.

Steven D. Hovde Insider Trading History at Coastal Financial

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
9/19/2024	Sell	2,050	$53.51	$109,695.50	21,950
8/30/2024	Sell	1,556	$53.50	$83,246.00	24,000
8/28/2024	Sell	1,497	$53.00	$79,341.00	26,500
8/26/2024	Sell	2,003	$53.26	$106,679.78	27,997

Steven D. Hovde Buying and Selling Activity at Coastal Financial

Coastal Financial 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.

Today's Range

Now: $90.39

$88.73

$92.13

50 Day Range

MA: $88.10

$81.40

$100.71

2 Week Range

Now: $90.39

$37.30

$102.25

Volume

150,188 shs

Average Volume

86,200 shs

Market Capitalization

$1.36 billion

P/E Ratio

27.81

Dividend Yield

N/A

Beta

1.21