CoastalSouth Bancshares, Inc. (COSO) To Go Ex-Dividend on May 14th

CoastalSouth Bancshares, Inc. (NYSE:COSO) announced a quarterly dividend on Friday, April 17th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.05 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, May 14th.

CoastalSouth Bancshares Stock Performance

Shares of CoastalSouth Bancshares stock opened at $25.29 on Tuesday. The firm has a market cap of $299.70 million and a price-to-earnings ratio of 11.50. The firm has a 50-day moving average of $24.86. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. CoastalSouth Bancshares has a 1 year low of $19.24 and a 1 year high of $26.36.

CoastalSouth Bancshares (NYSE:COSO) last issued its earnings results 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). The company had revenue of $21.71 million during the quarter, compared to analyst estimates of $22.10 million. CoastalSouth Bancshares had a net margin of 18.91% and a return on equity of 10.92%. On average, equities analysts predict that CoastalSouth Bancshares will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

CoastalSouth Bancshares Company Profile

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.