Graham Capital Wealth Management LLC Purchases 59,215 Shares of Coastal Financial Corporation $CCB

Graham Capital Wealth Management LLC increased its position in Coastal Financial Corporation (NASDAQ:CCB) by 116.9% in the 3rd quarter, Holdings Channel reports. The firm owned 109,849 shares of the company’s stock after buying an additional 59,215 shares during the quarter. Coastal Financial comprises approximately 3.4% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Graham Capital Wealth Management LLC’s holdings in Coastal Financial were worth $4,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CCB. Mendon Capital Advisors Corp increased its holdings in Coastal Financial by 86.7% in the 1st quarter. Mendon Capital Advisors Corp now owns 56,000 shares of the company’s stock valued at $4,262,000 after buying an additional 26,000 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Coastal Financial in the 1st quarter valued at $1,720,000. Quantinno Capital Management LP lifted its holdings in shares of Coastal Financial by 1,026.9% during the 1st quarter. Quantinno Capital Management LP now owns 25,377 shares of the company’s stock worth $1,931,000 after acquiring an additional 23,125 shares during the period. Ranger Investment Management L.P. bought a new position in shares of Coastal Financial during the 2nd quarter worth about $10,766,000. Finally, Bank of America Corp DE lifted its holdings in shares of Coastal Financial by 71.2% during the 1st quarter. Bank of America Corp DE now owns 86,657 shares of the company’s stock worth $6,595,000 after acquiring an additional 36,045 shares during the period. Institutional investors and hedge funds own 59.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCB. Raymond James Financial lowered shares of Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 target price on the stock. in a research report on Friday, July 31st. Weiss Ratings lowered shares of Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods cut their price target on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. TD Cowen reaffirmed a “buy” rating on shares of Coastal Financial in a report on Tuesday, September 29th. Finally, Zacks Research downgraded Coastal Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Coastal Financial presently has a consensus rating of “Hold” and an average price target of $91.33.

Coastal Financial Trading Up 1.3%

Coastal Financial stock opened at $45.66 on Wednesday. The stock has a fifty day moving average price of $44.75 and a two-hundred day moving average price of $69.67. Coastal Financial Corporation has a 52-week low of $35.56 and a 52-week high of $120.05.

Coastal Financial (NASDAQ:CCB) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($3.77). The business had revenue of $178.07 million during the quarter, compared to the consensus estimate of $148.50 million. On average, equities research analysts predict that Coastal Financial Corporation will post 0.85 EPS for the current year.

Insider Activity

In other news, Director Steven Hovde purchased 10,000 shares of Coastal Financial stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $43.83 per share, for a total transaction of $438,300.00. Following the completion of the transaction, the director directly owned 26,500 shares in the company, valued at approximately $1,161,495. This represents a 60.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Sprink acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $44.45 per share, for a total transaction of $444,500.00. Following the completion of the purchase, the chief executive officer directly owned 173,238 shares of the company’s stock, valued at approximately $7,700,429.10. The trade was a 6.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 25,290 shares of company stock worth $1,115,894. 13.49% of the stock is owned by insiders.

Coastal Financial News Summary

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

• Neutral Sentiment: The lawsuit covers investors who purchased Coastal Financial shares between October 28, 2024, and July 29, 2026. The December 1 deadline is procedural and allows eligible investors to seek appointment as lead plaintiff; the allegations have not been proven. Coastal Financial class action alert

About Coastal Financial

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.