Coastal Financial Corporation (CCB) – What Are Researchers Thinking About This Stock?

Coastal Financial Corporation (NASDAQ:CCB) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $91.33.

A number of equities analysts have recently commented on CCB shares. Weiss Ratings downgraded Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Zacks Research lowered Coastal Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Raymond James Financial cut Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 target price for the company. in a report on Friday, July 31st. Keefe, Bruyette & Woods dropped their target price on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating on shares of Coastal Financial in a research report on Tuesday, September 29th.

Coastal Financial Stock Performance

CCB stock opened at $40.74 on Monday. The company has a market cap of $622.91 million, a price-to-earnings ratio of -145.49 and a beta of 0.86. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $45.83 and a 200-day simple moving average of $64.56. Coastal Financial has a 52 week low of $35.56 and a 52 week high of $120.05.

Coastal Financial (NASDAQ:CCB) last issued its earnings results on Thursday, July 30th. The company reported ($2.76) earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($3.77). Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.80%. The firm had revenue of $178.07 million during the quarter, compared to analyst estimates of $148.50 million. On average, equities research analysts expect that Coastal Financial will post 0.85 EPS for the current year.

Insider Activity at Coastal Financial

In other Coastal Financial news, Director Steven Hovde acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $43.83 per share, for a total transaction of $438,300.00. Following the completion of the purchase, the director directly owned 26,500 shares in the company, valued at $1,161,495. This represents a 60.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Sprink bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $44.45 per share, for a total transaction of $444,500.00. Following the purchase, the chief executive officer owned 173,238 shares in the company, valued at approximately $7,700,429.10. This trade represents a 6.13% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 25,290 shares of company stock valued at $1,115,894. 13.49% of the stock is owned by insiders.

Institutional Trading of Coastal Financial

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Coastal Financial during the 4th quarter worth approximately $50,000. Versant Capital Management Inc boosted its holdings in Coastal Financial by 292.2% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the company’s stock worth $26,000 after acquiring an additional 488 shares during the period. First Bank & Trust grew its position in Coastal Financial by 5.5% in the second quarter. First Bank & Trust now owns 12,012 shares of the company’s stock valued at $931,000 after acquiring an additional 630 shares in the last quarter. Jacobs Asset Management LLC grew its position in Coastal Financial by 0.8% in the first quarter. Jacobs Asset Management LLC now owns 89,146 shares of the company’s stock valued at $6,784,000 after acquiring an additional 697 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in Coastal Financial by 30.9% in the first quarter. Diversify Wealth Management LLC now owns 9,232 shares of the company’s stock valued at $699,000 after acquiring an additional 2,178 shares in the last quarter. 59.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Coastal Financial

Here are the key news stories impacting Coastal Financial this week:

• Neutral Sentiment: Reported short-interest data showed zero shares short as of October 9, implying a 0.0-day days-to-cover ratio. This appears inconsistent with the description of a “significant increase” and may reflect a reporting or data issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Multiple law firms announced or promoted securities class-action litigation against Coastal Financial and certain executives. The lawsuits cover investors who purchased shares between October 28, 2024, and July 29, 2026, and allege violations of federal securities laws and misleading disclosures. Investors seeking lead-plaintiff status generally face a December 1, 2026 deadline. Rosen class-action announcement
• Negative Sentiment: The litigation stems from allegations that Coastal overstated the credit protections and risk-management effectiveness of its CCBX BaaS lending platform. Reports link the investor losses to a large provision for credit losses and unexpected valuation adjustments after a single-partner loss reportedly erased approximately $470 million in shareholder value. The resulting concerns raise questions about the company’s underwriting, partner concentration, earnings quality, and potential legal liabilities. Coastal Financial securities lawsuit and BaaS risk report

Coastal Financial Company Profile

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Through its wholly owned subsidiary, Coastal Community Bank, the company provides banking services to individuals, businesses and nonprofit organizations in Washington state, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers deposit accounts, commercial and consumer loans, mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.