Coastal Financial Sees Unusually Large Options Volume (NASDAQ:CCB)

Coastal Financial Corporation (NASDAQ:CCB) was the target of unusually large options trading on Wednesday. Stock investors acquired 7,000 call options on the stock. This is an increase of approximately 5,085% compared to the typical volume of 135 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCB. Weiss Ratings downgraded shares of Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. TD Cowen reaffirmed a “buy” rating on shares of Coastal Financial in a report on Tuesday, September 29th. Keefe, Bruyette & Woods decreased their price target on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, July 31st. 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 research report on Friday, July 31st. Finally, Zacks Research downgraded Coastal Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $91.33.

Insider Transactions at Coastal Financial

In other Coastal Financial news, CEO Eric Sprink purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $44.45 per share, for a total transaction 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 approximately $7,700,429.10. The trade was a 6.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven Hovde acquired 10,000 shares of the business’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 acquisition, the director owned 26,500 shares of the company’s stock, valued at approximately $1,161,495. This represents a 60.61% increase in their ownership of the stock. 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. Insiders own 13.49% of the company’s stock.

Hedge Funds Weigh In On Coastal Financial

A number of hedge funds have recently bought and sold shares of the business. Cooper Creek Partners Management LLC grew its holdings in Coastal Financial by 105.0% in the first quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after purchasing an additional 230,537 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Coastal Financial by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company’s stock valued at $27,361,000 after buying an additional 25,424 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Coastal Financial by 1.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company’s stock worth $25,708,000 after buying an additional 4,611 shares during the period. Emerald Advisers LLC raised its stake in shares of Coastal Financial by 44.8% during the 1st quarter. Emerald Advisers LLC now owns 221,182 shares of the company’s stock worth $16,832,000 after buying an additional 68,427 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of Coastal Financial by 45.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company’s stock worth $11,922,000 after buying an additional 48,927 shares during the period. Hedge funds and other institutional investors own 59.24% of the company’s stock.

Coastal Financial Stock Performance

Shares of NASDAQ CCB traded down $0.26 during trading on Wednesday, reaching $43.34. 188,078 shares of the company traded hands, compared to its average volume of 193,242. The stock has a market cap of $662.51 million, a P/E ratio of -154.93 and a beta of 0.86. The firm’s fifty day simple moving average is $45.30 and its 200 day simple moving average is $62.91. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10. Coastal Financial has a 12-month low of $35.56 and a 12-month high of $120.05.

Coastal Financial (NASDAQ:CCB) last issued its 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 company had revenue of $178.07 million during the quarter, compared to analysts’ expectations of $148.50 million. Coastal Financial had a negative return on equity of 0.80% and a negative net margin of 0.53%. As a group, research analysts anticipate that Coastal Financial will post 0.85 earnings per share for the current fiscal year.

Key Headlines Impacting Coastal Financial

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

• Positive Sentiment: Investors purchased approximately 7,000 CCB call options on Wednesday, versus typical daily volume of about 135 contracts. The roughly 5,085% increase indicates unusually strong bullish or speculative positioning, although options activity alone does not guarantee a sustained stock recovery.
• Neutral Sentiment: Multiple law firms reminded investors of a December 1, 2026 deadline to seek lead-plaintiff status in a securities class action covering purchases made between October 28, 2024 and July 29, 2026. The notices largely repeat the same allegations and do not represent new operating developments. Kaplan Fox announcement
• Negative Sentiment: The litigation alleges Coastal Financial gave investors overly reassuring information about CCBX credit protections while a partner loan portfolio deteriorated. The allegations center on a $68.8 million credit-related charge, a $42.1 million second-quarter net loss, and inadequate risk monitoring. Coastal Financial has not been found liable, but the legal uncertainty could weigh on investor sentiment and potentially create future costs. Levi & Korsinsky announcement
• Negative Sentiment: The underlying credit event remains the primary fundamental concern: the charge was tied largely to a single CCBX partner relationship and followed an approximately 43.5% one-day share-price collapse. Recent earnings also showed a substantial EPS miss, reinforcing concerns about asset quality, earnings visibility, and the effectiveness of the company’s BaaS risk controls. Hagens Berman announcement

Coastal Financial Company Profile

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.