Coastal Financial Co. (NASDAQ:CCB – Get Rating) CEO Eric M. Sprink sold 7,710 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $47.82, for a total value of $368,692.20. Following the transaction, the chief executive officer now owns 225,892 shares in the company, valued at $10,802,155.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Coastal Financial Stock Down 0.1 %
CCB stock opened at $48.93 on Friday. The firm has a market cap of $634.13 million, a PE ratio of 18.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.05. The firm’s 50 day moving average price is $43.64 and its 200-day moving average price is $40.83. Coastal Financial Co. has a one year low of $35.61 and a one year high of $54.41.
Coastal Financial (NASDAQ:CCB – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter. The firm had revenue of $83.58 million for the quarter. Coastal Financial had a net margin of 13.99% and a return on equity of 16.27%. On average, equities research analysts anticipate that Coastal Financial Co. will post 2.84 EPS for the current year.
Institutional Trading of Coastal Financial
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Raymond James assumed coverage on Coastal Financial in a report on Friday, October 28th. They set a “strong-buy” rating on the stock. Stephens boosted their target price on Coastal Financial to $54.00 in a report on Friday, November 4th. Finally, Hovde Group boosted their target price on Coastal Financial to $66.00 in a report on Tuesday, November 1st.
About Coastal Financial
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.
- Get a free copy of the StockNews.com research report on Coastal Financial (CCB)
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