Azora Capital LP Has $7.18 Million Stock Holdings in CoastalSouth Bancshares, Inc. $COSO

Azora Capital LP lessened its holdings in shares of CoastalSouth Bancshares, Inc. (NYSE:COSO) by 22.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 308,940 shares of the company’s stock after selling 90,124 shares during the quarter. Azora Capital LP’s holdings in CoastalSouth Bancshares were worth $7,183,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. North Reef Capital Management LP lifted its position in shares of CoastalSouth Bancshares by 19.6% during the 4th quarter. North Reef Capital Management LP now owns 263,900 shares of the company’s stock worth $6,136,000 after purchasing an additional 43,281 shares during the last quarter. Barclays PLC lifted its position in shares of CoastalSouth Bancshares by 82.0% during the 4th quarter. Barclays PLC now owns 11,971 shares of the company’s stock worth $278,000 after purchasing an additional 5,392 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of CoastalSouth Bancshares during the 4th quarter worth about $1,220,000. Fourthstone LLC lifted its position in shares of CoastalSouth Bancshares by 153.8% during the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company’s stock worth $22,315,000 after purchasing an additional 581,656 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CoastalSouth Bancshares by 11.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,362 shares of the company’s stock worth $404,000 after purchasing an additional 1,780 shares during the last quarter.

Insider Buying and Selling at CoastalSouth Bancshares

In other news, CFO Anthony P. Valduga sold 4,558 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $25.84, for a total value of $117,778.72. Following the sale, the chief financial officer directly owned 86,115 shares in the company, valued at approximately $2,225,211.60. This represents a 5.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on COSO shares. Piper Sandler upped their price target on CoastalSouth Bancshares from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of CoastalSouth Bancshares in a report on Friday, June 5th. Finally, Wall Street Zen raised CoastalSouth Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CoastalSouth Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

CoastalSouth Bancshares Trading Down 0.1%

COSO stock opened at $26.43 on Thursday. CoastalSouth Bancshares, Inc. has a 1-year low of $19.24 and a 1-year high of $27.51. The firm has a market cap of $318.16 million and a P/E ratio of 12.01. The business’s 50 day moving average is $25.71 and its 200-day moving average is $24.68.

CoastalSouth Bancshares (NYSE:COSO) last released its quarterly earnings data on Monday, April 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). CoastalSouth Bancshares had a net margin of 18.91% and a return on equity of 10.66%. The company had revenue of $21.71 million during the quarter, compared to the consensus estimate of $22.10 million. Sell-side analysts forecast that CoastalSouth Bancshares, Inc. will post 2.42 EPS for the current year.

CoastalSouth Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, May 14th. CoastalSouth Bancshares’s dividend payout ratio is currently 9.09%.

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.