CoastalSouth Bancshares, Inc. (NYSE:COSO) to Issue Quarterly Dividend of $0.06

CoastalSouth Bancshares, Inc. (NYSE:COSO) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.06 per share on Tuesday, November 24th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 20.0% increase from CoastalSouth Bancshares’s previous quarterly dividend of $0.05.

CoastalSouth Bancshares Stock Up 1.6%

CoastalSouth Bancshares stock opened at $26.95 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market cap of $321.99 million, a P/E ratio of 12.14 and a beta of 0.07. CoastalSouth Bancshares has a twelve month low of $20.80 and a twelve month high of $28.56. The company’s 50-day moving average price is $27.14 and its two-hundred day moving average price is $26.52.

CoastalSouth Bancshares (NYSE:COSO) last released its earnings results on Monday, October 19th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.12. The firm had revenue of $24.86 million during the quarter. CoastalSouth Bancshares had a net margin of 19.59% and a return on equity of 10.57%. As a group, analysts expect that CoastalSouth Bancshares will post 2.33 EPS for the current year.

About CoastalSouth Bancshares

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.