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

Shares of Coastal Financial Corporation (NASDAQ:CCB) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $91.83.

A number of research firms have commented on CCB. Zacks Research downgraded shares of Coastal Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Raymond James Financial cut Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price target for the company. in a research report on Friday, July 31st. Weiss Ratings downgraded Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. TD Cowen lifted their price objective on shares of Coastal Financial from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods decreased their price objective on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st.

Trending Headlines about Coastal Financial

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

• Positive Sentiment: TD Cowen raised its price target to $50 from $47 and assigned a “Buy” rating, implying approximately 15.5% upside from the referenced $43.29 price. TD Cowen rating and price target
• Positive Sentiment: Management outlined a plan to generate more than $20 million in annualized noninterest-expense savings over the next four to six quarters as Coastal works toward returning to profitability. Growth in its CCBX banking-as-a-service program was also highlighted as a key earnings driver. Coastal Financial cost savings report
• Neutral Sentiment: Coastal Financial reported third-quarter EPS of $0.89 and revenue of $149.33 million. Earnings were close to the year-ago level but missed analyst expectations of $0.96 EPS and $158.85 million in revenue. The company also reported a negative net margin and negative return on equity, increasing investor focus on its profitability turnaround. Coastal Financial third-quarter results
• Negative Sentiment: Several law firms announced or promoted a securities class action alleging violations of federal securities laws involving purchases made between October 28, 2024, and July 29, 2026. Investors seeking lead-plaintiff status face a December 1, 2026 deadline. The litigation creates legal, reputational and potential financial risks for CCB, although the allegations have not been proven. Coastal Financial securities lawsuit announcement

Insider Activity

In related news, CEO Eric Sprink acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $44.45 per share, with a total value of $444,500.00. Following the completion of the acquisition, the chief executive officer owned 173,238 shares in the company, valued at $7,700,429.10. The trade was a 6.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Hovde purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $43.83 per share, for a total transaction of $438,300.00. Following the purchase, 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 position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 25,290 shares of company stock valued at $1,115,894 in the last three months. 13.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Coastal Financial

Several hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of Coastal Financial by 292.2% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the company’s stock worth $26,000 after buying an additional 488 shares in the last quarter. Entropy Technologies LP purchased a new position in Coastal Financial in the 1st quarter valued at about $201,000. State of Alaska Department of Revenue increased its position in Coastal Financial by 88.8% during the third quarter. State of Alaska Department of Revenue now owns 5,414 shares of the company’s stock worth $215,000 after purchasing an additional 2,546 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Coastal Financial during the second quarter worth $240,000. Finally, Madrona Financial Services LLC lifted its stake in Coastal Financial by 49.8% in the third quarter. Madrona Financial Services LLC now owns 7,290 shares of the company’s stock worth $291,000 after acquiring an additional 2,425 shares during the last quarter. 59.24% of the stock is owned by institutional investors.

Coastal Financial Stock Performance

CCB stock opened at $43.29 on Friday. The business has a fifty day moving average of $44.57 and a 200-day moving average of $68.61. Coastal Financial has a twelve month low of $35.56 and a twelve month high of $120.05. The company has a market cap of $661.90 million, a P/E ratio of -160.33 and a beta of 0.78. 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 issued its earnings results on Thursday, October 29th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). Coastal Financial had a negative net margin of 0.50% and a negative return on equity of 0.75%. The company had revenue of $149.33 million during the quarter, compared to analyst estimates of $158.85 million. As a group, equities research analysts expect that Coastal Financial will post 0.85 EPS for the current year.

About Coastal Financial

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Its principal subsidiary, Coastal Community Bank, provides banking services to individuals, families, and businesses in the Pacific Northwest, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, lines of credit, treasury management, online and mobile banking, and other traditional banking products.