CoastalSouth Bancshares (NYSE:COSO) Rating Lowered to “Strong Sell” at Zacks Research

CoastalSouth Bancshares (NYSE:COSO) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of CoastalSouth Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings initiated coverage on shares of CoastalSouth Bancshares in a research report on Saturday, October 25th. They set a “buy (b)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CoastalSouth Bancshares currently has an average rating of “Hold”.

CoastalSouth Bancshares Trading Down 0.3%

NYSE COSO opened at $22.13 on Tuesday. CoastalSouth Bancshares has a 1 year low of $19.24 and a 1 year high of $24.25.

Institutional Trading of CoastalSouth Bancshares

Hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund bought a new position in shares of CoastalSouth Bancshares during the 3rd quarter valued at approximately $41,000. BNP Paribas Financial Markets bought a new stake in shares of CoastalSouth Bancshares in the 3rd quarter worth approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in CoastalSouth Bancshares in the third quarter valued at approximately $47,000. JPMorgan Chase & Co. purchased a new position in CoastalSouth Bancshares in the third quarter valued at approximately $67,000. Finally, Rhumbline Advisers bought a new position in CoastalSouth Bancshares during the third quarter valued at $91,000.

CoastalSouth Bancshares Company Profile

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.