Coastal Financial (NASDAQ:CCB) Upgraded at Zacks Research

Coastal Financial (NASDAQ:CCB) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other brokerages have also weighed in on CCB. Keefe, Bruyette & Woods reduced their price objective on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Raymond James Financial downgraded 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. Weiss Ratings lowered Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, TD Cowen boosted their price target on Coastal Financial from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Coastal Financial has a consensus rating of “Moderate Buy” and a consensus target price of $91.83.

Coastal Financial Stock Up 3.8%

Shares of NASDAQ:CCB opened at $44.55 on Tuesday. The company has a fifty day moving average of $44.39 and a 200-day moving average of $67.58. The company has a market capitalization of $681.25 million, a PE ratio of -165.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.05. Coastal Financial has a 52-week low of $35.56 and a 52-week high of $120.05.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). Coastal Financial had a negative net margin of 0.50% and a negative return on equity of 0.75%. The firm had revenue of $149.33 million during the quarter, compared to the consensus estimate of $158.85 million. On average, equities analysts predict that Coastal Financial will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Coastal Financial

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of Coastal Financial by 292.2% during the third quarter. Versant Capital Management Inc now owns 655 shares of the company’s stock worth $26,000 after purchasing an additional 488 shares during the period. First Bank & Trust grew its stake in shares of Coastal Financial by 5.5% in the second quarter. First Bank & Trust now owns 12,012 shares of the company’s stock worth $931,000 after purchasing an additional 630 shares during the last quarter. Jacobs Asset Management LLC grew its stake in shares of Coastal Financial by 0.8% in the first quarter. Jacobs Asset Management LLC now owns 89,146 shares of the company’s stock worth $6,784,000 after purchasing an additional 697 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in Coastal Financial by 30.9% in the first quarter. Diversify Wealth Management LLC now owns 9,232 shares of the company’s stock valued at $699,000 after purchasing an additional 2,178 shares during the period. Finally, Madrona Financial Services LLC increased its holdings in Coastal Financial by 49.8% in the third quarter. Madrona Financial Services LLC now owns 7,290 shares of the company’s stock valued at $291,000 after purchasing an additional 2,425 shares during the period. Institutional investors own 59.24% of the company’s stock.

Key Stories Impacting Coastal Financial

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

• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought CCB shares from October 28, 2024, through July 29, 2026. The claims allege Coastal misrepresented credit quality and risk management in its CCBX Banking-as-a-Service business. The lead-plaintiff deadline is December 1, 2026. Kaplan Fox class-action notice
• Negative Sentiment: The lawsuit follows a reported $68.8 million credit expense tied to one CCBX partner, along with valuation adjustments, which reportedly triggered a sharp prior selloff. The allegations are not findings of wrongdoing, but the underlying credit concerns and potential litigation costs could weigh on investor sentiment. Report on lawsuit and credit-risk allegations

Coastal Financial Company Profile

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.