CoastalSouth Bancshares (NYSE:COSO) Now Covered by Analysts at Brean Capital

Stock analysts at Brean Capital started coverage on shares of CoastalSouth Bancshares (NYSE:COSO) in a report released on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. Brean Capital’s target price would indicate a potential upside of 22.93% from the company’s previous close.

A number of other research analysts have also issued reports on COSO. Weiss Ratings upgraded CoastalSouth Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of CoastalSouth Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

CoastalSouth Bancshares Stock Performance

Shares of COSO stock opened at $26.84 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 0.28. CoastalSouth Bancshares has a 12-month low of $20.80 and a 12-month high of $28.56. The business’s 50 day moving average is $27.23 and its two-hundred day moving average is $26.44. The company has a market capitalization of $320.80 million, a P/E ratio of 12.09 and a beta of 0.07.

CoastalSouth Bancshares (NYSE:COSO) last posted its quarterly earnings data on Monday, July 20th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). The business had revenue of $22.87 million during the quarter. CoastalSouth Bancshares had a net margin of 19.59% and a return on equity of 10.57%. Analysts expect that CoastalSouth Bancshares will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ernst Bruderer sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $27.43, for a total value of $54,860.00. Following the transaction, the director directly owned 41,131 shares of the company’s stock, valued at approximately $1,128,223.33. This trade represents a 4.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 5,000 shares of company stock valued at $137,420. Company insiders own 15.11% of the company’s stock.

Institutional Investors Weigh In On CoastalSouth Bancshares

Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of CoastalSouth Bancshares during the second quarter valued at approximately $294,000. WINTON GROUP Ltd purchased a new position in shares of CoastalSouth Bancshares in the second quarter valued at approximately $314,000. Bank of America Corp DE lifted its position in shares of CoastalSouth Bancshares by 306.7% in the first quarter. Bank of America Corp DE now owns 16,014 shares of the company’s stock valued at $394,000 after acquiring an additional 12,076 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CoastalSouth Bancshares by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 20,591 shares of the company’s stock worth $506,000 after acquiring an additional 503 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of CoastalSouth Bancshares by 61.5% in the first quarter. Sei Investments Co. now owns 21,672 shares of the company’s stock worth $533,000 after acquiring an additional 8,249 shares during the last quarter.

CoastalSouth Bancshares Company Profile

CoastalSouth Bancshares, Inc is a bank holding company that operates through its wholly owned subsidiary, Coastal States Bank. The company provides community banking services to individuals, families, businesses and nonprofit organizations.

Coastal States Bank offers a range of deposit products, commercial and consumer lending, mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking solutions. Its lending activities include commercial real estate, business, residential mortgage and consumer loans.

Founded in 2003, CoastalSouth Bancshares serves communities in coastal South Carolina and Georgia, including the Hilton Head Island and Savannah markets.