CoastalSouth Bancshares, Inc. (COSO) To Go Ex-Dividend on August 13th

CoastalSouth Bancshares, Inc. (NYSE:COSO) declared a quarterly dividend on Monday, July 20th. Investors of record on Thursday, August 13th will be paid a dividend of 0.05 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th.

CoastalSouth Bancshares Stock Performance

CoastalSouth Bancshares stock opened at $27.69 on Tuesday. The company has a 50 day moving average price of $26.80 and a 200 day moving average price of $25.59. CoastalSouth Bancshares has a 52 week low of $19.24 and a 52 week high of $28.56. The firm has a market capitalization of $333.39 million and a price-to-earnings ratio of 12.47.

CoastalSouth Bancshares (NYSE:COSO) last issued its earnings results on Monday, July 20th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). CoastalSouth Bancshares had a net margin of 19.59% and a return on equity of 10.69%. The firm had revenue of $22.87 million during the quarter. Equities analysts forecast that CoastalSouth Bancshares will post 2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COSO. Patriot Financial Partners GP II L.P. acquired a new position in shares of CoastalSouth Bancshares in the third quarter valued at approximately $24,256,000. Fourthstone LLC boosted its stake in CoastalSouth Bancshares by 153.8% in the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company’s stock valued at $22,315,000 after purchasing an additional 581,656 shares during the period. Alliancebernstein L.P. bought a new stake in CoastalSouth Bancshares in the 3rd quarter valued at $10,972,000. Mendon Capital Advisors Corp acquired a new position in CoastalSouth Bancshares in the 3rd quarter valued at $7,243,000. Finally, Vanguard Group Inc. acquired a new position in CoastalSouth Bancshares in the 3rd quarter valued at $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.