59,215 Coastal Financial Corporation $CCB Shares Acquired by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC increased its stake in Coastal Financial Corporation (NASDAQ:CCB) by 116.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,849 shares of the company’s stock after purchasing an additional 59,215 shares during the quarter. Coastal Financial makes up 3.4% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. Graham Capital Wealth Management LLC owned approximately 0.72% of Coastal Financial worth $4,387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC grew its holdings in Coastal Financial by 105.0% during the first quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after purchasing an additional 230,537 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Coastal Financial by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company’s stock worth $27,361,000 after buying an additional 25,424 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Coastal Financial by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company’s stock worth $25,708,000 after buying an additional 4,611 shares during the last quarter. Emerald Advisers LLC lifted its stake in shares of Coastal Financial by 44.8% in the first quarter. Emerald Advisers LLC now owns 221,182 shares of the company’s stock worth $16,832,000 after buying an additional 68,427 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Coastal Financial by 45.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company’s stock worth $11,922,000 after buying an additional 48,927 shares during the period. 59.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Coastal Financial

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

• Neutral Sentiment: The lawsuit covers investors who purchased Coastal Financial shares between October 28, 2024, and July 29, 2026. The December 1 deadline is procedural and allows eligible investors to seek appointment as lead plaintiff; the allegations have not been proven. Coastal Financial class action alert

Coastal Financial Trading Up 1.3%

Shares of CCB stock opened at $45.66 on Wednesday. Coastal Financial Corporation has a 12 month low of $35.56 and a 12 month high of $120.05. The stock has a 50 day moving average of $44.75 and a 200-day moving average of $69.67.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($3.77). The firm had revenue of $178.07 million for the quarter, compared to analyst estimates of $148.50 million. As a group, sell-side analysts expect that Coastal Financial Corporation will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCB shares. TD Cowen reiterated a “buy” rating on shares of Coastal Financial in a research note on Tuesday, September 29th. Weiss Ratings lowered shares of Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Raymond James Financial lowered shares of Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 target price for the company. in a research report on Friday, July 31st. Keefe, Bruyette & Woods decreased their price target on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, Zacks Research downgraded Coastal Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.33.

Insiders Place Their Bets

In related news, Director Steven Hovde acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $43.83 per share, for a total transaction of $438,300.00. Following the acquisition, the director owned 26,500 shares in the company, valued at $1,161,495. This trade represents a 60.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Sprink acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $44.45 per share, with a total value of $444,500.00. Following the transaction, the chief executive officer directly owned 173,238 shares of the company’s stock, valued at $7,700,429.10. The trade was a 6.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 25,290 shares of company stock valued at $1,115,894. Insiders own 13.49% of the company’s stock.

About Coastal Financial

Coastal Financial Corporation is a bank holding company headquartered in Everett, Washington. Its principal subsidiary, Coastal Community Bank, provides banking services to individuals, families, and businesses in the Pacific Northwest, with a focus on communities in the Puget Sound region.

Coastal Community Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, lines of credit, treasury management, online and mobile banking, and other traditional banking products.