Coastal Financial Corporation (CCB)

NASDAQ: CCB · IEX Real-Time Price · USD
41.98
+1.15 (2.82%)
Dec 7, 2023, 4:00 PM EST - Market closed
2.82%
Market Cap 543.14M
Revenue (ttm) 261.00M
Net Income (ttm) 48.69M
Shares Out 13.30M
EPS (ttm) 3.58
PE Ratio 11.68
Forward PE 11.45
Dividend n/a
Ex-Dividend Date n/a
Volume 36,347
Open 40.96
Previous Close 40.83
Day's Range 40.51 - 41.99
52-Week Range 29.91 - 54.53
Beta 1.10
Analysts Strong Buy
Price Target 57.33 (+36.57%)
Earnings Date Jan 26, 2024

About CCB

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to 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. The company also offers commercial and industrial loans, such as term loans, small business administration loans, commercial lines of credit, capital call lines working capit... [Read more]

Sector Financials
IPO Date Jul 18, 2018
Employees 528
Stock Exchange NASDAQ
Ticker Symbol CCB
Full Company Profile

Financial Performance

In 2022, CCB's revenue was $217.40 million, an increase of 122.65% compared to the previous year's $97.64 million. Earnings were $40.63 million, an increase of 50.44%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CCB stock is "Strong Buy." The 12-month stock price forecast is $57.33, which is an increase of 36.57% from the latest price.

Price Target
$57.33
(36.57% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Coastal Financial: A Community Bank With Growth Opportunities

Community banks have had a tough year as the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank sent shockwaves through the domestic banking industry.

3 months ago - GuruFocus

Coastal Financial, A Community Bank with Growth Oppor

Community banks have had a tough year as the collapse of Silicon Valley Bank, First Republic Bank, and Signature Bank sent shockwaves through the domestic banking industry. One standout that has weath...

3 months ago - GuruFocus

10 regional banks expected to buck a weak industry trend

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen o...

4 months ago - Market Watch

Coastal Community Bank Adds to Executive Leadership

EVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as ...

4 months ago - GlobeNewsWire

Coastal Community Bank is making its first move towards the Metaverse with 3D Game and Marketplace

EVERETT, Wash., June 20, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the Bank holding company for Coastal Community Bank, is making its first move towards the Metaverse. The ...

6 months ago - GlobeNewsWire

Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2022

EVERETT, Wash., May 09, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, was awarded the Raymond James Community Bankers Cup for 2022...

7 months ago - GlobeNewsWire

Coastal Financial Corporation Announces First Quarter 2023 Results

First Quarter 2023 Highlights: Quarterly net income of $12.4 million , or $0.91 per diluted common share, for the three months ended March 31, 2023 , compared to $13.1 million , or $0.96 per diluted c...

8 months ago - GlobeNewsWire

John Dickson Retires as Chief Operating Officer

EVERETT, Wash., April 03, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that John Dickson has retired from his ro...

8 months ago - GlobeNewsWire

Coastal Financial Corporation Announces Fourth Quarter 2022 Results

Fourth Quarter 2022 Highlights:

11 months ago - GlobeNewsWire

Barb MacLean Joins Coastal Community Bank as Head of Tech

EVERETT, Wash., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Barb MacLean has joined the Bank as S...

11 months ago - GlobeNewsWire

Coastal Financial Corporation CEO To Exercise Options and Enter Into Rule 10b5-1 Plan

EVERETT, Wash., Nov. 21, 2022 (GLOBE NEWSWIRE) -- On November 21, 2022, Coastal Financial Corporation (the “Company”) announced that Eric Sprink, CEO, intends to exercise vested options relating to 19...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Completes Private Placement of $20 million of Subordinated Notes

EVERETT, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces Third Quarter 2022 Results

Third Quarter 2022 Highlights:

1 year ago - GlobeNewsWire

Coastal Financial Corporation earns Piper Sandler Sm-All Stars Class Award for the 4th consecutive year

EVERETT, Wash., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, has been named to the Piper Sandler Bank & Thrift Sm-All St...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces Second Quarter 2022 Results

Second Quarter 2022 Highlights:

1 year ago - GlobeNewsWire

Coastal Community Bank Joins Newly Launched Banking as a Service (BaaS) Association

EVERETT, Wash., June 09, 2022 (GLOBE NEWSWIRE) -- Coastal Community Bank announced that they are pleased to have joined the newly launched Bankers Helping Bankers (BHB) Banking as a Service (BaaS) Ass...

1 year ago - GlobeNewsWire

Coastal Names Bank Secrecy Act (BSA) Officer

EVERETT, Wash., May 23, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank (the “Bank”), announced the hiring of Jeff ...

1 year ago - GlobeNewsWire

Coastal Names New President

EVERETT, Wash., May 18, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank (the “Bank”), announced the hiring of Curt ...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces First Quarter 2022 Results

First Quarter 2022 Highlights:

1 year ago - GlobeNewsWire

Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2021

EVERETT, Wash., April 12, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, was awarded the Raymond James Community Bankers Cup for 20...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces Fourth Quarter and Year End 2021 Results

Fourth Quarter 2021 Highlights:

2 years ago - GlobeNewsWire

Coastal Financial Corporation Closes Public Offering of Common Stock

EVERETT, Wash., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced...

2 years ago - GlobeNewsWire

Coastal Financial Corporation Prices Public Offering of Common Stock

EVERETT, Wash., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced...

2 years ago - GlobeNewsWire

Coastal Financial Corporation Announces Public Offering of Common Stock

EVERETT, Wash., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced...

2 years ago - GlobeNewsWire

Coastal Community Bank Partners with LendingPoint to Expand Inclusive Lending

Coastal will tap into LendingPoint's AI CreditTech platform to provide affordable credit access to a broader scope of consumers and small businesses Coastal will tap into LendingPoint's AI CreditTech ...

2 years ago - GlobeNewsWire