CoastalSouth Bancshares (NYSE:COSO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CoastalSouth Bancshares (NYSE:COSO) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Zacks Research upgraded CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings assumed coverage on CoastalSouth Bancshares in a research report on Saturday, October 25th. They set a “buy (b)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

CoastalSouth Bancshares Trading Up 0.7%

Shares of CoastalSouth Bancshares stock opened at $23.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $277.22 million and a P/E ratio of 20.85. The stock’s 50 day moving average price is $22.73. CoastalSouth Bancshares has a 1-year low of $19.24 and a 1-year high of $25.56.

Institutional Investors Weigh In On CoastalSouth Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Patriot Financial Partners GP II L.P. bought a new position in CoastalSouth Bancshares in the third quarter valued at about $24,256,000. Mendon Capital Advisors Corp acquired a new position in shares of CoastalSouth Bancshares in the third quarter valued at approximately $7,243,000. Alliancebernstein L.P. acquired a new position in shares of CoastalSouth Bancshares in the third quarter valued at approximately $10,972,000. Bank of America Corp DE bought a new position in CoastalSouth Bancshares in the 3rd quarter valued at approximately $147,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CoastalSouth Bancshares during the 3rd quarter worth approximately $47,000.

About CoastalSouth Bancshares

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. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.