Raymond James resumed coverage of Coastal Financial with a rating of Strong Buy and set a new price target of $57.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $67.00 → $76.00 | Outperform | Hovde Group |
| 7/30/2024 | $55.00 → $67.00 | Outperform | Hovde Group |
| 5/3/2024 | $57.50 → $55.00 | Outperform | Hovde Group |
| 10/28/2022 | $57.00 | Strong Buy | Raymond James |
| 1/13/2022 | $69.00 | Strong Buy | Raymond James |
| 12/20/2021 | $70.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/8/2021 | $36.00 | Overweight | Stephens & Co. |
4 - COASTAL FINANCIAL CORP (0001437958) (Issuer)
4 - COASTAL FINANCIAL CORP (0001437958) (Issuer)
4 - COASTAL FINANCIAL CORP (0001437958) (Issuer)
Hovde Group reiterated coverage of Coastal Financial with a rating of Outperform and set a new price target of $76.00 from $67.00 previously
Hovde Group reiterated coverage of Coastal Financial with a rating of Outperform and set a new price target of $67.00 from $55.00 previously
Hovde Group reiterated coverage of Coastal Financial with a rating of Outperform and set a new price target of $55.00 from $57.50 previously
8-K - COASTAL FINANCIAL CORP (0001437958) (Filer)
8-K - COASTAL FINANCIAL CORP (0001437958) (Filer)
8-K - COASTAL FINANCIAL CORP (0001437958) (Filer)
EVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ:CCB) (the "Company", "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the "Bank"), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024. Management Discussion of the Quarter "The third quarter demonstrated strong momentum
EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ:CCB) (the "Company"), and its subsidiary, Coastal Community Bank (the "Bank"), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community ba
Second Quarter 2024 Highlights: Net income of $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024, compared to $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024. Return on average assets ("ROA") of 1.21% for the three months ended June 30, 2024, compared to 0.73% for the three months ended March 31, 2024.Return on average equity ("ROE") of 15.22% for the three months ended June 30, 2024 compared to 9.21% for the three months ended March 31, 2024. Net interest margin increased to 7.13% for the quarter ended June 30, 2024, compared to 6.78% for the quart
SC 13G/A - COASTAL FINANCIAL CORP (0001437958) (Subject)
SC 13G/A - COASTAL FINANCIAL CORP (0001437958) (Subject)
SC 13G - COASTAL FINANCIAL CORP (0001437958) (Subject)
EVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ:CCB) (the "Company", "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the "Bank"), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024. Management Discussion of the Quarter "The third quarter demonstrated strong momentum
Second Quarter 2024 Highlights: Net income of $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024, compared to $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024. Return on average assets ("ROA") of 1.21% for the three months ended June 30, 2024, compared to 0.73% for the three months ended March 31, 2024.Return on average equity ("ROE") of 15.22% for the three months ended June 30, 2024 compared to 9.21% for the three months ended March 31, 2024. Net interest margin increased to 7.13% for the quarter ended June 30, 2024, compared to 6.78% for the quart
First Quarter 2024 Highlights: Net income of $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024, compared to $9.0 million, or $0.66 per diluted common share for the three months ended December 31, 2023 Return on average assets ("ROA") of 0.73% for the three months ended March 31, 2024, compared to 0.97% for the three months ended December 31, 2023.Return on average equity ("ROE") of 9.21% for the three months ended March 31, 2024 compared to 12.35% for the three months ended December 31, 2023. Net interest margin of 6.78% for the quarter ended March 31, 2024, compared to 6.61% for the quarter ended December 31, 2023.Continued investment in technology
EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ:CCB) (the "Company"), and its subsidiary, Coastal Community Bank (the "Bank"), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community ba
Tenured C-suite leader brings track record of driving innovation in financial services and tech sectors WisdomTree, Inc. (NYSE:WT), a global financial innovator, today announced that Rilla Delorier, an accomplished leader with over 30 years of executive experience leading digital transformation across the banking sector, has been appointed to WisdomTree's Board of Directors, having received the full support of the Board. Win Neuger, Chair of the WisdomTree Board, said, "Rilla is a powerhouse of digital transformation in financial services and will be a tremendous asset to our Board. She has a demonstrated ability to accelerate innovation and streamline operations, and her strategic expe
Regional bank stocks, as monitored through the SPDR S&P Regional Banking ETF (NYSE:KRE), continue to trade about 13% lower than they were prior to the collapse of Silicon Valley Bank in March 2023, indicating that investor sentiment has yet to fully regain trust in the industry following last year’s sharp drop. The first-quarter earnings season has been notably positive for the Financials sector, which showed the largest positive difference between actual revenues and estimated revenues, according to FactSet earnings insights. Chart: Regional Bank Industry Trades 13% Lower Its Pre-SVB Levels A Resilient Quarter For Community Banks “The banking industry continued to show resil
Coastal Finl (NASDAQ:CCB) reported its Q4 earnings results on Tuesday, January 30, 2024 at 09:25 AM. Here's what investors need to know about the announcement. Earnings Coastal Finl missed estimated earnings by 9.59%, reporting an EPS of $0.66 versus an estimate of $0.73. Revenue was up $28.10 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.18 which was followed by a 4.52% drop in the share price the next day. Here's a look at Coastal Finl's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.93 0.97 0.87 0.85 EPS Actual 0.75 0.95 0.91 0.96 Revenue Estimate 125.97M 124.06M 92.52M 87.47M Revenue A
Coastal Finl (NASDAQ:CCB) reported quarterly earnings of $0.66 per share which missed the analyst consensus estimate of $0.73 by 9.59 percent.