Coastal Financial Co. (NASDAQ:CCB) Director Gregory A. Tisdel Sells 1,600 Shares

Coastal Financial Co. (NASDAQ:CCB) Director Gregory A. Tisdel sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $79.07, for a total value of $126,512.00. Following the sale, the director now owns 14,006 shares of the company’s stock, valued at approximately $1,107,454.42. This trade represents a 10.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Coastal Financial Price Performance

NASDAQ CCB traded up $0.87 on Tuesday, reaching $80.42. The company’s stock had a trading volume of 107,676 shares, compared to its average volume of 89,440. The firm’s 50 day moving average is $87.07 and its two-hundred day moving average is $78.74. The stock has a market cap of $1.21 billion, a PE ratio of 24.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. Coastal Financial Co. has a twelve month low of $37.30 and a twelve month high of $102.25.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.09). Coastal Financial had a net margin of 6.43% and a return on equity of 14.98%. As a group, sell-side analysts predict that Coastal Financial Co. will post 4.59 EPS for the current year.

Institutional Investors Weigh In On Coastal Financial

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in Coastal Financial by 8.2% in the 1st quarter. Rhumbline Advisers now owns 16,700 shares of the company’s stock worth $1,510,000 after purchasing an additional 1,262 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Coastal Financial by 50,271.4% in the first quarter. GAMMA Investing LLC now owns 3,526 shares of the company’s stock worth $319,000 after buying an additional 3,519 shares during the period. Wellington Management Group LLP increased its position in shares of Coastal Financial by 1,067.9% in the fourth quarter. Wellington Management Group LLP now owns 456,887 shares of the company’s stock worth $38,794,000 after acquiring an additional 417,767 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Coastal Financial during the fourth quarter valued at approximately $172,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Coastal Financial in the 4th quarter valued at approximately $448,000. 59.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CCB shares. Stephens restated an “overweight” rating and issued a $100.00 target price on shares of Coastal Financial in a research note on Tuesday, March 18th. Raymond James restated a “strong-buy” rating on shares of Coastal Financial in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Coastal Financial from $96.00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th.

Coastal Financial Company Profile

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and 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.