Short Interest in CoastalSouth Bancshares, Inc. (NYSE:COSO) Drops By 37.9%

CoastalSouth Bancshares, Inc. (NYSE:COSO) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 88,146 shares, a decrease of 37.9% from the December 31st total of 142,032 shares. Based on an average daily trading volume, of 72,593 shares, the short-interest ratio is currently 1.2 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 72,593 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COSO shares. Wall Street Zen raised shares of CoastalSouth Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Zacks Research raised shares of CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, CoastalSouth Bancshares currently has an average rating of “Moderate Buy”.

CoastalSouth Bancshares Trading Up 0.6%

COSO stock opened at $23.76 on Friday. The stock has a 50 day moving average of $23.43. The company has a market capitalization of $284.64 million and a PE ratio of 14.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.92. CoastalSouth Bancshares has a 1-year low of $19.24 and a 1-year high of $25.56.

CoastalSouth Bancshares (NYSE:COSO) last announced its earnings results on Tuesday, January 20th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). The business had revenue of $22.16 million for the quarter, compared to analyst estimates of $22.30 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. bought a new stake in CoastalSouth Bancshares during the third quarter worth about $10,972,000. Vanguard Group Inc. purchased a new position in shares of CoastalSouth Bancshares during the 3rd quarter valued at about $3,212,000. Rhumbline Advisers purchased a new position in shares of CoastalSouth Bancshares during the 3rd quarter valued at about $91,000. JPMorgan Chase & Co. bought a new stake in CoastalSouth Bancshares in the 3rd quarter worth approximately $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in CoastalSouth Bancshares in the third quarter worth approximately $47,000.

About CoastalSouth Bancshares

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.