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Analyst Insights on Coastal Financial
Analysts have revised their outlook on CCB shares. Hovde Group raised their target from $55.00 to $67.00 with an “outperform” rating on July 30. Keefe, Bruyette & Woods also upgraded Coastal Financial to “moderate buy” on the same day.
Latest Analysis on Coastal Financial
Price and Performance
Coastal Financial has a market cap of $698.06 million, with a P/E ratio of 18.19. Its recent earnings showed an EPS of $0.84, beating expectations of $0.81. Revenue reached $167.41 million, slightly below the $168.30 million estimate.
Insider Transactions
Director Steven D. Hovde sold 1,497 shares on August 28 for $53 each, totaling $79,341. Following the sale, he retains 26,500 shares valued at $1.4 million. Insiders sold a total of 28,631 shares worth $1.48 million in three months, holding 16.82% of the stock.
Institutional Holdings
Several hedge funds have adjusted their stakes in Coastal Financial. EntryPoint Capital increased their position by 642.4% in Q1, owning 1,663 shares worth $65k. Institutional investors hold 59.24% of the company.
About Coastal Financial
Coastal Financial Corporation is the parent company of Coastal Community Bank, serving businesses and individuals in Washington.
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