CoastalSouth Bancshares (NYSE:COSO) CFO Anthony Valduga Sells 4,558 Shares of Stock

CoastalSouth Bancshares, Inc. (NYSE:COSO) CFO Anthony Valduga sold 4,558 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $25.84, for a total value of $117,778.72. Following the completion of the sale, the chief financial officer owned 86,115 shares in the company, valued at $2,225,211.60. This trade represents a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CoastalSouth Bancshares Stock Performance

Shares of COSO stock opened at $25.81 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. CoastalSouth Bancshares, Inc. has a 52-week low of $19.24 and a 52-week high of $26.36. The stock has a market capitalization of $305.87 million and a P/E ratio of 11.73. The stock has a fifty day simple moving average of $24.84.

CoastalSouth Bancshares (NYSE:COSO) last issued its quarterly earnings data on Monday, April 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). CoastalSouth Bancshares had a return on equity of 10.92% and a net margin of 18.91%.The business had revenue of $21.71 million during the quarter, compared to analysts’ expectations of $22.10 million. On average, sell-side analysts forecast that CoastalSouth Bancshares, Inc. will post 2.42 EPS for the current fiscal year.

CoastalSouth Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, May 14th. CoastalSouth Bancshares’s dividend payout ratio (DPR) is 9.09%.

Analyst Ratings Changes

COSO has been the topic of a number of recent analyst reports. Wall Street Zen upgraded CoastalSouth Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Piper Sandler raised their price target on CoastalSouth Bancshares from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Institutional Investors Weigh In On CoastalSouth Bancshares

A number of large investors have recently added to or reduced their stakes in COSO. New York State Common Retirement Fund purchased a new stake in CoastalSouth Bancshares during the third quarter valued at about $41,000. ELCO Management Co. LLC purchased a new stake in CoastalSouth Bancshares during the third quarter valued at about $242,000. Rhumbline Advisers purchased a new stake in CoastalSouth Bancshares during the third quarter valued at about $91,000. JPMorgan Chase & Co. purchased a new stake in CoastalSouth Bancshares during the third quarter valued at about $67,000. Finally, Vanguard Group Inc. bought a new position in shares of CoastalSouth Bancshares during the third quarter valued at about $3,212,000.

About CoastalSouth Bancshares

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.