Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Coastal Financial Corp-WA Market Cap
Based on ratings from 2 stock analysts, the Coastal Financial Corp-WA stock price is expected to increase by 22.02% in 12 months. This is calculated by using the average 12-month stock price forecast for Coastal Financial Corp-WA. The lowest target is $60 and the highest is $67. Please note analyst price targets are not guaranteed and could be missed completely.
Coastal Financial Corp-WA has a total of 2 Wall St Analyst ratings. There are 1 buy ratings, 1 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Coastal Financial Corp-WA will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CCB.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| David Feaster Raymond James | Strong Buy | $53 | Maintains | Oct 31, 2023 |
| Andrew Terrell Stephens & Co. | Overweight | $53 | Maintains | May 2, 2023 |
| Michael Perito Keefe, Bruyette & Woods | Outperform | $66 | Maintains | Apr 6, 2023 |
| William Wallace Raymond James | Strong Buy | $69 | Initiates | Jan 13, 2022 |
Stephens & Co. | Overweight | Initiates | Jul 8, 2021 | |
Keefe Bruyette & Woods | Market Perform | Initiates | Aug 13, 2018 | |
Keefe, Bruyette & Woods | Market Perform | Initiates | Aug 13, 2018 |
When did it IPO
2018
Staff Count
507
Country
United States
Sector/Industry
Financial Services/Banks—Regional
CEO
Mr. Eric M. Sprink
Market Cap
$684.3M
In 2023, CCB generated $351.8M in revenue, which was a increase of 64.72% from the previous year. This can be seen as a signal that CCB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 05 Sep 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Coastal Financial's CCBX segment faces low margins and poor asset quality, leading to high credit loss provisions and declining net income. The stock is overvalued compared to peers despite loan growth.
Why It Matters - Coastal Financial's low margins, poor asset quality, and high credit loss provisions suggest profitability risks, while overvaluation raises concerns about potential market corrections.
Mon, 29 Jul 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Coastal Financial Corporation (CCB) reported Q3 earnings of $0.84 per share, exceeding the Zacks estimate of $0.81, but down from $0.95 per share year-over-year.
Why It Matters - CCB's earnings beat estimates, indicating strong performance, but the year-over-year decline may raise concerns about future growth potential.
Tue, 16 Jul 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Coastal Financial (CCB) shares rose significantly with above-average trading volume, but recent earnings estimate revisions may not lead to further price gains soon.
Why It Matters - Surging shares and higher trading volume indicate strong investor interest, but stagnating earnings estimates suggest potential price stabilization or decline ahead.
Tue, 13 Feb 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - BC, CVI, and CCB are now ranked #5 (Strong Sell) by Zacks as of February 13, 2023, indicating potential underperformance in the market.
Why It Matters - The addition of BC, CVI, and CCB to the Zacks Rank #5 (Strong Sell) indicates potential underperformance, signaling investors to reassess or divest their holdings in these stocks.
Fri, 02 Feb 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Coastal Financial Corporation announced the appointment of Jason Wingo as Senior VP, Head of BSA and AML Strategy, reporting to EVP Brian Ferrell, effective February 2, 2024.
Why It Matters - Jason Wingo's appointment as Head of BSA and AML Strategy enhances Coastal Financial's compliance capabilities, potentially reducing regulatory risks and improving investor confidence in the bank's operations.
Tue, 30 Jan 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Coastal Financial Corporation (CCB) reported quarterly earnings of $0.66 per share, missing estimates of $0.94 and down from $0.96 per share a year ago.
Why It Matters - CCB's earnings miss signals potential operational issues, impacting investor confidence and possibly leading to a decline in stock price and future growth prospects.
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