Coastal Financial (NASDAQ:CCB) Stock Rating Lowered by Raymond James Financial

Coastal Financial (NASDAQ:CCB) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Friday. They presently have a $50.00 price objective on the stock. Raymond James Financial’s price objective points to a potential upside of 25.28% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday. Wall Street Zen raised Coastal Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen reduced their price objective on Coastal Financial from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Stephens restated an “overweight” rating and set a $110.00 price objective on shares of Coastal Financial in a research note on Friday, May 1st. Finally, Zacks Research upgraded Coastal Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

Coastal Financial Trading Down 43.5%

Coastal Financial stock opened at $39.91 on Friday. Coastal Financial has a 1 year low of $36.61 and a 1 year high of $120.05. The firm’s 50-day moving average is $73.50 and its 200-day moving average is $80.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.06. The company has a market cap of $608.59 million, a P/E ratio of 12.51 and a beta of 0.72.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings data 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). The business had revenue of $60.37 million for the quarter, compared to the consensus estimate of $148.50 million. Coastal Financial had a net margin of 7.35% and a return on equity of 10.20%. On average, equities analysts expect that Coastal Financial will post 4.57 earnings per share for the current year.

Institutional Trading of Coastal Financial

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in Coastal Financial by 129.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 169 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Coastal Financial in the fourth quarter worth $50,000. Smartleaf Asset Management LLC increased its holdings in shares of Coastal Financial by 20,700.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 621 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Coastal Financial by 229.5% during the second quarter. Russell Investments Group Ltd. now owns 827 shares of the company’s stock valued at $80,000 after purchasing an additional 576 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Coastal Financial by 521.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the company’s stock valued at $122,000 after purchasing an additional 1,059 shares in the last quarter. 59.24% of the stock is currently owned by institutional investors and hedge funds.

More Coastal Financial News

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

• Positive Sentiment: Coastal reported record net interest income and continued growth in its BaaS business. Management also discussed a strategic shift intended to improve the company’s future operating profile. Coastal Financial Corporation Announces Second Quarter 2026 Results
• Neutral Sentiment: Coastal appointed a long-serving non-employee director as executive chair, reshaping its governance structure. The move could provide additional oversight during the company’s strategic transition, but investors may view the leadership change as part of a response to recent challenges. Coastal Financial Reshapes Governance With New Executive Chair
• Negative Sentiment: Second-quarter results were far below expectations: Coastal posted a loss of $2.76 per share, versus analyst estimates for approximately $0.95–$1.01 of earnings, while revenue of $60.37 million missed the roughly $148.5 million consensus. The company reported a $42.1 million net loss, primarily caused by a $68.8 million credit expense related to a single, isolated CCBX partner relationship. Coastal Financial Corporation Reports Q2 Loss
• Negative Sentiment: Several law firms announced securities-fraud investigations following the earnings disclosure and stock decline. These announcements do not establish wrongdoing, but they add litigation and reputational risk and are likely intensifying selling pressure. CCB Investor Alert

Coastal Financial Company Profile

Coastal Financial Corporation is a bank holding company whose principal subsidiary, Coastal Community Bank, provides a full range of community banking services to clients along North Carolina’s central and eastern coastline. The company focuses on delivering personalized relationship banking to individuals, small businesses, and local professionals in seaside and inland communities.

Through Coastal Community Bank, Coastal Financial offers deposit products including checking, savings, money market accounts and certificates of deposit.