Coastal Financial Corporation (CCB)
| 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]
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 StatementsAnalyst 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.
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.
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...
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...
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 ...
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 ...
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...
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...
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...
Coastal Financial Corporation Announces Fourth Quarter 2022 Results
Fourth Quarter 2022 Highlights:
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...
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...
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...
Coastal Financial Corporation Announces Third Quarter 2022 Results
Third Quarter 2022 Highlights:
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...
Coastal Financial Corporation Announces Second Quarter 2022 Results
Second Quarter 2022 Highlights:
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...
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 ...
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 ...
Coastal Financial Corporation Announces First Quarter 2022 Results
First Quarter 2022 Highlights:
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...
Coastal Financial Corporation Announces Fourth Quarter and Year End 2021 Results
Fourth Quarter 2021 Highlights:
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...
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...
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...
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 ...