Coastal Financial Corporation (NASDAQ:CCB) Stock Has Average Target Price of $91.33

Shares of Coastal Financial Corporation (NASDAQ:CCB) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $91.33.

Several research firms have recently weighed in on CCB. TD Cowen reaffirmed a “buy” rating on shares of Coastal Financial in a report on Tuesday, September 29th. Raymond James Financial downgraded Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 target price on the stock. in a report on Friday, July 31st. Weiss Ratings lowered Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Zacks Research cut Coastal Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods dropped their price target on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, July 31st.

Coastal Financial Trading Up 0.4%

Shares of Coastal Financial stock opened at $40.93 on Monday. Coastal Financial has a 12-month low of $35.56 and a 12-month high of $120.05. The stock has a market capitalization of $625.82 million, a P/E ratio of -146.17 and a beta of 0.86. The company has a 50-day simple moving average of $45.78 and a 200 day simple moving average of $65.04. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.10.

Coastal Financial (NASDAQ:CCB) last released its quarterly earnings results on Thursday, July 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($3.77). The firm had revenue of $178.07 million during the quarter, compared to analyst estimates of $148.50 million. Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.80%. Research analysts expect that Coastal Financial will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Coastal Financial

In other Coastal Financial news, Director Steven Hovde bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $43.83 per share, for a total transaction of $438,300.00. Following the completion of the acquisition, the director owned 26,500 shares of the company’s stock, valued at approximately $1,161,495. This trade represents a 60.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Sprink bought 10,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $44.45 per share, with a total value of $444,500.00. Following the completion of the purchase, the chief executive officer owned 173,238 shares of the company’s stock, valued at $7,700,429.10. This represents a 6.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 25,290 shares of company stock worth $1,115,894 in the last 90 days. Company insiders own 13.49% of the company’s stock.

Institutional Investors Weigh In On Coastal Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp grew its stake in shares of Coastal Financial by 86.7% during the first quarter. Mendon Capital Advisors Corp now owns 56,000 shares of the company’s stock valued at $4,262,000 after purchasing an additional 26,000 shares during the last quarter. Renaissance Technologies LLC bought a new position in Coastal Financial in the 1st quarter worth approximately $1,720,000. Quantinno Capital Management LP raised its position in Coastal Financial by 1,026.9% in the 1st quarter. Quantinno Capital Management LP now owns 25,377 shares of the company’s stock worth $1,931,000 after purchasing an additional 23,125 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in Coastal Financial during the 2nd quarter worth $10,766,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Coastal Financial by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company’s stock worth $27,361,000 after buying an additional 25,424 shares in the last quarter. Institutional investors own 59.24% of the company’s stock.

Trending Headlines about Coastal Financial

Here are the key news stories impacting Coastal Financial this week:

• Positive Sentiment: Coastal Community Bank, a subsidiary of Coastal Financial, awarded three multiyear community-development grants totaling $375,000 to nonprofit organizations in Snohomish and King counties. The announcement supports the bank’s community profile but is unlikely to materially affect near-term earnings. Coastal Community Bank Announces $375,000 in Multiyear Community Development Grants
• Negative Sentiment: Multiple law firms announced or promoted a securities class action covering investors who purchased CCB shares from October 28, 2024, through July 29, 2026. Investors have until December 1, 2026, to seek appointment as lead plaintiff. The repeated announcements increase visibility around the company’s legal and regulatory risks. Howard G. Smith securities class action announcement
• Negative Sentiment: The litigation follows Coastal Financial’s reported 43% single-day selloff after a large provision for credit losses and unexpected valuation adjustments in its CCBX BaaS segment. The complaint alleges that management misrepresented credit-quality safeguards and risk management; these are allegations, not established findings. Reports also cite a fintech partner eliminating approximately $470 million of assets, intensifying concerns about BaaS concentration and underwriting controls. Coastal Financial securities class action and BaaS credit-risk report
• Negative Sentiment: One investor notice alleges that the chief executive and two successive CFOs oversaw CCBX credit-quality assurances and that two executives sold roughly $15.8 million of stock before the decline, adding governance and insider-trading scrutiny. Levi & Korsinsky shareholder alert

About Coastal Financial

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Through its wholly owned subsidiary, Coastal Community Bank, the company provides banking services to individuals, businesses and nonprofit organizations in Washington state, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers deposit accounts, commercial and consumer loans, mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking products.