Coastal Financial Corporation (NASDAQ:CCB) Stock Rated “Hold” by Wall Street Brokerages

Shares of Coastal Financial Corporation (NASDAQ:CCB) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $91.33.

CCB has been the subject of several research reports. Raymond James Financial downgraded Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price objective for the company. in a research report on Friday, July 31st. TD Cowen reissued a “buy” rating on shares of Coastal Financial in a research report on Tuesday, September 29th. Weiss Ratings cut Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods decreased their price objective on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research lowered Coastal Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th.

Coastal Financial News Summary

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

• Neutral Sentiment: Reported short-interest data showed zero shares short as of October 9, implying a 0.0-day days-to-cover ratio. This appears inconsistent with the description of a “significant increase” and may reflect a reporting or data issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Multiple law firms announced or promoted securities class-action litigation against Coastal Financial and certain executives. The lawsuits cover investors who purchased shares between October 28, 2024, and July 29, 2026, and allege violations of federal securities laws and misleading disclosures. Investors seeking lead-plaintiff status generally face a December 1, 2026 deadline. Rosen class-action announcement
• Negative Sentiment: The litigation stems from allegations that Coastal overstated the credit protections and risk-management effectiveness of its CCBX BaaS lending platform. Reports link the investor losses to a large provision for credit losses and unexpected valuation adjustments after a single-partner loss reportedly erased approximately $470 million in shareholder value. The resulting concerns raise questions about the company’s underwriting, partner concentration, earnings quality, and potential legal liabilities. Coastal Financial securities lawsuit and BaaS risk report

Insider Transactions at Coastal Financial

In other Coastal Financial news, CEO Eric Sprink bought 10,000 shares of Coastal Financial stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $44.45 per share, for a total transaction of $444,500.00. Following the purchase, the chief executive officer owned 173,238 shares in the company, valued at $7,700,429.10. This represents a 6.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven Hovde acquired 10,000 shares of Coastal Financial stock in a transaction on 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 completion of the purchase, the director directly owned 26,500 shares in the company, valued at $1,161,495. The trade was a 60.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 25,290 shares of company stock valued at $1,115,894 in the last three months. 13.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in Coastal Financial during the 4th quarter valued at about $50,000. Versant Capital Management Inc raised 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. First Bank & Trust lifted its holdings in Coastal Financial by 5.5% in the 2nd quarter. First Bank & Trust now owns 12,012 shares of the company’s stock valued at $931,000 after acquiring an additional 630 shares during the last quarter. Jacobs Asset Management LLC boosted its holdings in Coastal Financial by 0.8% during the first quarter. Jacobs Asset Management LLC now owns 89,146 shares of the company’s stock worth $6,784,000 after buying an additional 697 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Coastal Financial by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 9,232 shares of the company’s stock worth $699,000 after acquiring an additional 2,178 shares in the last quarter. 59.24% of the stock is owned by institutional investors and hedge funds.

Coastal Financial Trading Down 4.6%

Shares of CCB opened at $40.74 on Monday. The firm has a market capitalization of $622.91 million, a P/E ratio of -145.49 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average is $45.83 and its two-hundred day moving average is $64.65. Coastal Financial has a twelve month low of $35.56 and a twelve month high of $120.05.

Coastal Financial (NASDAQ:CCB) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($3.77). Coastal Financial had a negative return on equity of 0.80% and a negative net margin of 0.53%. The firm had revenue of $178.07 million for the quarter, compared to analyst estimates of $148.50 million. On average, research analysts predict that Coastal Financial will post 0.85 earnings per share for the current fiscal year.

About Coastal Financial

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.