Insider Selling: CoastalSouth Bancshares (NYSE:COSO) Director Sells $54,860.00 in Stock

CoastalSouth Bancshares, Inc. (NYSE:COSO) Director Ernst Bruderer sold 2,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $27.43, for a total value of $54,860.00. Following the sale, the director owned 41,131 shares in the company, valued at approximately $1,128,223.33. The trade was a 4.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CoastalSouth Bancshares Stock Down 0.0%

COSO stock opened at $27.19 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.84. The firm has a market capitalization of $324.87 million, a P/E ratio of 12.25 and a beta of -0.01. CoastalSouth Bancshares, Inc. has a 52-week low of $20.80 and a 52-week high of $28.56. The company’s 50 day simple moving average is $27.17 and its 200-day simple moving average is $25.95.

CoastalSouth Bancshares (NYSE:COSO) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.02). CoastalSouth Bancshares had a return on equity of 10.57% and a net margin of 19.59%.The business had revenue of $22.87 million during the quarter. As a group, equities research analysts anticipate that CoastalSouth Bancshares, Inc. will post 2.37 EPS for the current year.

CoastalSouth Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 13th. CoastalSouth Bancshares’s dividend payout ratio is 9.01%.

Institutional Trading of CoastalSouth Bancshares

Institutional investors have recently bought and sold shares of the company. Patriot Financial Partners GP II L.P. increased its position in CoastalSouth Bancshares by 61.2% in the 1st quarter. Patriot Financial Partners GP II L.P. now owns 1,159,211 shares of the company’s stock worth $28,505,000 after purchasing an additional 440,000 shares during the last quarter. Fourthstone LLC lifted its holdings in shares of CoastalSouth Bancshares by 153.8% during the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company’s stock valued at $22,315,000 after buying an additional 581,656 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of CoastalSouth Bancshares during the 3rd quarter valued at about $10,972,000. Mendon Capital Advisors Corp bought a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $7,243,000. Finally, North Reef Capital Management LP grew its stake in shares of CoastalSouth Bancshares by 21.6% in the 1st quarter. North Reef Capital Management LP now owns 320,982 shares of the company’s stock valued at $7,893,000 after buying an additional 57,082 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of CoastalSouth Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $30.00.

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.