Wall Street Zen Upgrades CoastalSouth Bancshares (NYSE:COSO) to “Hold”

CoastalSouth Bancshares (NYSE:COSO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other analysts have also weighed in on COSO. Zacks Research raised CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings assumed coverage on CoastalSouth Bancshares in a research note on Saturday, October 25th. They issued a “buy (b)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

CoastalSouth Bancshares Trading Up 0.7%

NYSE COSO opened at $23.14 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. CoastalSouth Bancshares has a 1 year low of $19.24 and a 1 year high of $25.56. The business’s fifty day moving average price is $22.73. The company has a market cap of $277.19 million and a P/E ratio of 20.85.

Hedge Funds Weigh In On CoastalSouth Bancshares

Several hedge funds have recently modified their holdings of COSO. JPMorgan Chase & Co. bought a new position in shares of CoastalSouth Bancshares in the third quarter valued at $67,000. Patriot Financial Partners GP II L.P. bought a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at about $15,686,000. North Reef Capital Management LP bought a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at about $4,812,000. Millennium Management LLC acquired a new position in shares of CoastalSouth Bancshares during the 3rd quarter worth about $432,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at about $47,000.

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.