CoastalSouth Bancshares, Inc. (NYSE:COSO – Get Free Report) announced a quarterly dividend on Monday, October 19th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.06 per share on Tuesday, November 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 20.0% increase from CoastalSouth Bancshares’s previous quarterly dividend of $0.05.
CoastalSouth Bancshares Trading Down 0.1%
Shares of COSO stock opened at $28.23 on Friday. The stock has a 50-day simple moving average of $27.23 and a 200 day simple moving average of $26.13. CoastalSouth Bancshares has a fifty-two week low of $20.80 and a fifty-two week high of $29.40. The stock has a market capitalization of $337.47 million and a P/E ratio of 11.81. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.
CoastalSouth Bancshares (NYSE:COSO – Get Free Report) last released its earnings results on Monday, October 19th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.12. CoastalSouth Bancshares had a return on equity of 11.20% and a net margin of 20.56%. The firm had revenue of $24.86 million for the quarter. On average, sell-side analysts expect that CoastalSouth Bancshares will post 2.36 earnings per share for the current fiscal year.
CoastalSouth Bancshares Company Profile
CoastalSouth Bancshares, Inc is a bank holding company that operates through its wholly owned subsidiary, Coastal States Bank. The company provides banking services to individuals, businesses and commercial clients, with a focus on relationship-based community banking.
Its products and services include deposit accounts, commercial and consumer lending, residential mortgage lending, treasury management and other banking solutions. Coastal States Bank serves customers through branch locations and digital banking channels.
The company’s operations are concentrated in the southeastern United States, including markets in coastal Georgia and South Carolina.
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