Coastal Financial Corporation (CCB)

NASDAQ: CCB · IEX Real-Time Price · USD
40.11
-0.72 (-1.76%)
Sep 27, 2022 4:00 PM EDT - Market closed
-1.76%
Market Cap 519.46M
Revenue (ttm) 144.26M
Net Income (ttm) 30.38M
Shares Out 12.95M
EPS (ttm) 2.31
PE Ratio 17.36
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 20,968
Open 41.22
Previous Close 40.83
Day's Range 39.74 - 41.44
52-Week Range 31.00 - 54.41
Beta 1.17
Analysts Buy
Price Target 62.90 (+56.8%)
Earnings Date Oct 25, 2022

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 offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment fi... [Read more...]

Industry Banks
IPO Date Jul 18, 2018
CEO Eric Sprink
Employees 433
Stock Exchange NASDAQ
Ticker Symbol CCB
Full Company Profile

Financial Performance

In 2021, CCB's revenue was $97.64 million, an increase of 70.52% compared to the previous year's $57.26 million. Earnings were $27.01 million, an increase of 78.30%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CCB stock is "Buy." The 12-month stock price forecast is 62.9, which is an increase of 56.82% from the latest price.

Price Target
$62.9
(56.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 Reasons Why Coastal Financial Corporation (CCB) Is a Great Growth Stock

Coastal Financial Corporation (CCB) possesses solid growth attributes, which could help it handily outperform the market.

1 month ago - Zacks Investment Research

Coastal Financial Corporation Announces Second Quarter 2022 Results

Second Quarter 2022 Highlights:

2 months ago - GlobeNewsWire

Wall Street Analysts Think Coastal Financial Corporation (CCB) Could Surge 73%: Read This Before Placing a Bet

The consensus price target hints at a 72.7% upside potential for Coastal Financial Corporation (CCB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in...

3 months ago - Zacks Investment Research

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) Assoc...

3 months 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 Ke...

4 months 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 Qu...

4 months ago - GlobeNewsWire

Down 14.2% in 4 Weeks, Here's Why Coastal Financial Corporation (CCB) Looks Ripe for a Turnaround

Coastal Financial Corporation (CCB) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising e...

4 months ago - Zacks Investment Research

Down 13.3% in 4 Weeks, Here's Why Coastal Financial Corporation (CCB) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for Coastal Financial Corporation (CCB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall...

4 months ago - Zacks Investment Research

Coastal Financial Corporation (CCB) Q1 Earnings and Revenues Beat Estimates

Coastal Financial Corporation (CCB) delivered earnings and revenue surprises of 2.22% and 55.03%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Coastal Financial Corporation Announces First Quarter 2022 Results

First Quarter 2022 Highlights:

5 months 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 2021...

5 months ago - GlobeNewsWire

Coastal Financial Corporation Announces Fourth Quarter and Year End 2021 Results

Fourth Quarter 2021 Highlights:

8 months 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 t...

9 months 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 t...

9 months 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 t...

9 months 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 pl...

9 months ago - GlobeNewsWire

Coastal Financial: Q3 Earnings Insights

Coastal Financial (NASDAQ:CCB) reported its Q3 earnings results on Wednesday, October 27, 2021 at 03:00 PM. Here's what investors need to know about the announcement.

11 months ago - Benzinga

Coastal Financial Corporation Announces Third Quarter 2021 Results

Third Quarter 2021 Highlights:

11 months ago - GlobeNewsWire

Michael Patterson Joins Coastal Financial Corporation Board of Directors

EVERETT, Wash., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Michael Patterson, CPA, has joined its B...

11 months ago - GlobeNewsWire

Coastal Financial Corporation Completes Private Placement of $25 Million of Subordinated Notes

EVERETT, Wash., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation. (NASDAQ: CCB) (“Coastal”) (the “Company”), the holding company for Coastal Community Bank, today announced the completion...

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces Second Quarter 2021 Results

Second Quarter 2021 Highlights:

1 year ago - GlobeNewsWire

Coastal Financial Corporation Announces First Quarter 2021 Results

First Quarter 2021 Highlights:

1 year ago - GlobeNewsWire

Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2020

EVERETT, Wash., April 22, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, has been awarded the Raymond James Community Bankers Cup for...

1 year ago - GlobeNewsWire

Coastal Community Bank to sell Freeland branch to SaviBank

EVERETT, Wash., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Coastal Community Bank (Coastal) announced today that it plans to sell its Freeland branch to SaviBank.

1 year ago - GlobeNewsWire