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

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

Other research analysts have also recently issued reports about the company. Piper Sandler lifted their price objective on CoastalSouth Bancshares from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Zacks Research raised shares of CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

CoastalSouth Bancshares Trading Up 0.2%

Shares of COSO opened at $24.02 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market cap of $287.71 million and a PE ratio of 14.21. CoastalSouth Bancshares has a 1 year low of $19.24 and a 1 year high of $26.29. The stock has a 50 day moving average of $24.27.

CoastalSouth Bancshares (NYSE:COSO) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). The company had revenue of $22.16 million during the quarter, compared to analyst estimates of $22.30 million.

Hedge Funds Weigh In On CoastalSouth Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of CoastalSouth Bancshares in the fourth quarter valued at $40,000. New York State Common Retirement Fund bought a new position in shares of CoastalSouth Bancshares in the third quarter valued at about $41,000. BNP Paribas Financial Markets acquired a new position in CoastalSouth Bancshares during the 3rd quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in CoastalSouth Bancshares during the 3rd quarter worth about $47,000. Finally, JPMorgan Chase & Co. bought a new stake in CoastalSouth Bancshares during the 3rd quarter worth about $67,000.

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.