Hovde Group Cuts Coastal Financial (NASDAQ:CCB) Price Target to $133.00

Coastal Financial (NASDAQ:CCB) had its target price lowered by Hovde Group from $140.00 to $133.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock. Hovde Group’s price target indicates a potential upside of 31.93% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Coastal Financial in a research note on Friday, December 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coastal Financial in a research report on Monday, December 29th. Finally, UBS Group set a $155.00 price objective on shares of Coastal Financial in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $126.33.

Coastal Financial Stock Performance

Shares of NASDAQ:CCB opened at $100.81 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $112.96 and a 200-day moving average price of $108.65. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 31.90 and a beta of 0.89. Coastal Financial has a 12 month low of $76.11 and a 12 month high of $120.05.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.37). The business had revenue of $56.49 million for the quarter, compared to analysts’ expectations of $140.81 million. Coastal Financial had a net margin of 7.14% and a return on equity of 10.45%. As a group, equities analysts anticipate that Coastal Financial will post 4.59 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric M. Sprink sold 8,778 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $114.95, for a total value of $1,009,031.10. Following the transaction, the chief executive officer directly owned 193,884 shares of the company’s stock, valued at approximately $22,286,965.80. This represents a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Hovde sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $117.25, for a total value of $351,750.00. Following the transaction, the director directly owned 11,500 shares in the company, valued at approximately $1,348,375. The trade was a 20.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 63,296 shares of company stock valued at $7,287,745. 14.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coastal Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Coastal Financial by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 784,230 shares of the company’s stock valued at $89,865,000 after acquiring an additional 18,193 shares during the last quarter. Azora Capital LP grew its stake in shares of Coastal Financial by 26.4% during the 2nd quarter. Azora Capital LP now owns 751,098 shares of the company’s stock valued at $72,759,000 after purchasing an additional 156,956 shares during the period. American Century Companies Inc. increased its position in shares of Coastal Financial by 5.9% during the 3rd quarter. American Century Companies Inc. now owns 510,549 shares of the company’s stock valued at $55,226,000 after purchasing an additional 28,616 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Coastal Financial by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 486,197 shares of the company’s stock worth $52,592,000 after purchasing an additional 39,984 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Coastal Financial by 2.3% in the second quarter. Geode Capital Management LLC now owns 304,365 shares of the company’s stock worth $29,488,000 after buying an additional 6,730 shares during the last quarter. 59.24% of the stock is currently owned by hedge funds and other institutional investors.

Coastal Financial News Roundup

Here are the key news stories impacting Coastal Financial this week:

• Positive Sentiment: Management released an investor presentation highlighting growth plans and an AI-focused expansion that it says will drive efficiency and product cross-sell opportunities; this provides a constructive strategic narrative that could support longer-term revenue and margin improvement. Coastal Financial Highlights Growth and AI-Focused Expansion
• Neutral Sentiment: Reported short interest data appear anomalous (showing zero shares and a 0.0 days-to-cover metric), suggesting no clear short-seller pressure; treat the short-interest release as non-informative until corrected.
• Negative Sentiment: Q4 results materially missed expectations: EPS of $0.82 vs. consensus (~$1.16–$1.19) and revenue $56.49M vs. estimates near $140.8M. The revenue shortfall and EPS miss are the primary drivers of the selloff — they raise near-term execution questions and make it harder to justify the stock’s current multiple. Coastal Financial Corporation Announces Fourth Quarter 2025 Results Coastal Financial Corporation (CCB) Q4 Earnings and Revenues Lag Estimates
• Negative Sentiment: Insider selling: CFO Joel Edwards sold 1,300 shares (disclosed sale), reducing his stake by ~10.2%. Insider sales can be perceived negatively by the market even if driven by personal liquidity needs. Joel Edwards Sells 1,300 Shares of Coastal Financial (NASDAQ:CCB) Stock

About Coastal Financial

Coastal Financial Corporation is a bank holding company whose principal subsidiary, Coastal Community Bank, provides a full range of community banking services to clients along North Carolina’s central and eastern coastline. The company focuses on delivering personalized relationship banking to individuals, small businesses, and local professionals in seaside and inland communities.

Through Coastal Community Bank, Coastal Financial offers deposit products including checking, savings, money market accounts and certificates of deposit.