1 week Ago By Defense World Staff
Sei Investments Co. bought a new stake in Coastal Financial Co. ( NASDAQ:CCB – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm bought 7,552 shares of the company’s stock, valued at approximately $641,000. Sei Investments Co. owned approximately 0.
06% of Coastal Financial as of its most recent filing with the SEC. Several other hedge funds and other institutional investors also recently modified their holdings of CCB. Royce & Associates LP boosted its stake in Coastal Financial by 795.
5% in the fourth quarter. Royce & Associates LP now owns 89,554 shares of the company’s stock valued at $7,604,000 after buying an additional 79,554 shares in the last quarter. Charles Schwab Investment Management Inc.
lifted its holdings in shares of Coastal Financial by 188.4% in the third quarter. Charles Schwab Investment Management Inc.
now owns 92,007 shares of the company’s stock worth $4,967,000 after acquiring an additional 60,106 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Coastal Financial by 40.
9% in the third quarter. JPMorgan Chase & Co. now owns 117,081 shares of the company’s stock worth $6,321,000 after acquiring an additional 33,964 shares during the last quarter.
Stieven Capital Advisors L.P. boosted its stake in shares of Coastal Financial by 37.
9% in the 4th quarter. Stieven Capital Advisors L.P.
now owns 102,213 shares of the company’s stock valued at $8,679,000 after purchasing an additional 28,100 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Coastal Financial by 474.0% during the 3rd quarter.
BNP Paribas Financial Markets now owns 25,049 shares of the company’s stock valued at $1,352,000 after purchasing an additional 20,685 shares during the last quarter. Institutional investors own 59.24% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts recently commented on the stock. Raymond James reissued a “strong-buy” rating on shares of Coastal Financial in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price objective on Coastal Financial from $96.
00 to $114.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, Stephens restated an “overweight” rating and set a $100.
00 price objective on shares of Coastal Financial in a research report on Tuesday, March 18th. Coastal Financial Trading Down 2.5 % CCB opened at $79.
38 on Wednesday. The company’s 50 day moving average price is $87.97 and its two-hundred day moving average price is $77.
70. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.
42 and a beta of 1.00. Coastal Financial Co.
has a fifty-two week low of $37.30 and a fifty-two week high of $102.25.
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.
03. Coastal Financial ( NASDAQ:CCB – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.
94 earnings per share for the quarter, missing the consensus estimate 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 earnings per share for the current 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. Featured Articles Five stocks we like better than Coastal Financial Growth Investing: Should You Adopt This Investing Strategy in 2022? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential What is the MACD Indicator and How to Use it in Your Trading Qualcomm Breaks Down But RSI Signals It’s Severely Oversold 5 Top Rated Dividend Stocks to Consider Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Coastal Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coastal Financial and related companies with MarketBeat.
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