American Century Companies Inc. Purchases 1,511 Shares of Coastal Financial Co. (NASDAQ:CCB)

American Century Companies Inc. grew its position in Coastal Financial Co. ( NASDAQ:CCB – Free Report ) by 1.

0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,238 shares of the company’s stock after purchasing an additional 1,511 shares during the quarter. American Century Companies Inc.



owned about 1.16% of Coastal Financial worth $13,351,000 at the end of the most recent reporting period. Other large investors have also made changes to their positions in the company.

Point72 DIFC Ltd purchased a new position in shares of Coastal Financial in the 3rd quarter valued at approximately $31,000. New York State Teachers Retirement System purchased a new position in shares of Coastal Financial in the fourth quarter worth $87,000. FMR LLC lifted its stake in shares of Coastal Financial by 21.

0% during the third quarter. FMR LLC now owns 1,316 shares of the company’s stock worth $71,000 after buying an additional 228 shares during the period. USA Financial Formulas purchased a new stake in shares of Coastal Financial during the fourth quarter valued at $122,000.

Finally, Quantbot Technologies LP acquired a new position in shares of Coastal Financial in the 3rd quarter valued at $119,000. 59.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades Several research firms have weighed in on CCB. Keefe, Bruyette & Woods boosted their price target on Coastal Financial from $96.00 to $114.

00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Raymond James reiterated a “strong-buy” rating and issued a $100.00 price target (up previously from $88.

00) on shares of Coastal Financial in a report on Wednesday, January 29th. Finally, Stephens restated an “overweight” rating and set a $100.00 price objective on shares of Coastal Financial in a research note on Tuesday, March 18th.

Coastal Financial Price Performance Shares of NASDAQ CCB opened at $89.96 on Wednesday. The company has a debt-to-equity ratio of 0.

14, a quick ratio of 1.03 and a current ratio of 1.03.

The firm has a fifty day moving average of $88.32 and a 200 day moving average of $76.58.

The firm has a market cap of $1.35 billion, a PE ratio of 27.68 and a beta of 1.

21. Coastal Financial Co. has a one year low of $37.

30 and a one year high of $102.25. Coastal Financial ( NASDAQ:CCB – Get Free Report ) last released its earnings results on Tuesday, February 4th.

The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.

09). Coastal Financial had a return on equity of 14.98% and a net margin of 6.

43%. As a group, research analysts predict that Coastal Financial Co. will post 4.

59 EPS for the current fiscal year. About Coastal Financial ( Free Report ) Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts.

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