Coastal Financial (NASDAQ:CCB) Stock Gets Price Target Bump from TD Cowen

Coastal Financial (NASDAQ:CCB) had its price objective increased by equities research analysts at TD Cowen from $47.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s target price suggests a potential upside of 16.27% from the company’s previous close.

CCB has been the subject of a number of other reports. Weiss Ratings cut shares of Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Raymond James Financial lowered Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price objective on the stock. in a research report on Friday, July 31st. Keefe, Bruyette & Woods cut their price target on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Zacks Research lowered shares of Coastal Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coastal Financial has a consensus rating of “Hold” and an average price target of $91.83.

Coastal Financial Price Performance

Shares of CCB traded down $0.66 during trading hours on Friday, hitting $43.01. 192,632 shares of the company were exchanged, compared to its average volume of 194,605. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.10. Coastal Financial has a fifty-two week low of $35.56 and a fifty-two week high of $120.05. The company has a market cap of $657.55 million, a price-to-earnings ratio of -153.48 and a beta of 0.86. The firm’s fifty day moving average is $44.63 and its 200 day moving average is $68.95.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). The firm had revenue of $149.33 million for the quarter, compared to analyst estimates of $158.85 million. Coastal Financial had a negative return on equity of 0.80% and a negative net margin of 0.53%. On average, equities analysts anticipate that Coastal Financial will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric M. Sprink purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $44.45 per share, with a total value of $444,500.00. Following the completion of the purchase, the chief executive officer owned 173,238 shares in the company, valued at approximately $7,700,429.10. This trade represents a 6.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven D. Hovde acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $43.83 per share, for a total transaction of $438,300.00. Following the acquisition, the director directly owned 26,500 shares of the company’s stock, valued at approximately $1,161,495. This trade represents a 60.61% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 25,290 shares of company stock valued at $1,115,894. 13.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coastal Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC increased its stake in Coastal Financial by 105.0% in the 1st quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after buying an additional 230,537 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Coastal Financial by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company’s stock worth $27,361,000 after buying an additional 25,424 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Coastal Financial by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company’s stock valued at $25,708,000 after acquiring an additional 4,611 shares in the last quarter. Emerald Advisers LLC grew its holdings in shares of Coastal Financial by 44.8% in the first quarter. Emerald Advisers LLC now owns 221,182 shares of the company’s stock valued at $16,832,000 after acquiring an additional 68,427 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Coastal Financial by 45.4% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 156,664 shares of the company’s stock valued at $11,922,000 after acquiring an additional 48,927 shares during the last quarter. Institutional investors and hedge funds own 59.24% of the company’s stock.

Key Headlines Impacting Coastal Financial

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

• Positive Sentiment: Management outlined a cost-reduction plan targeting more than $20 million in annualized noninterest-expense savings over the next four to six quarters, while seeking to return the company to profitability. Coastal also highlighted continued growth in its CCBX banking-as-a-service program and announced tighter executive compensation and leadership costs. Coastal Financial cost savings report
• Neutral Sentiment: Coastal Financial reported third-quarter 2026 earnings of $0.89 per share and revenue of $149.3 million. Although earnings were slightly above the year-ago result of $0.88 per share, the company’s CCBX-driven growth was not enough to meet Wall Street expectations. Coastal Financial third-quarter results
• Negative Sentiment: Quarterly EPS missed consensus estimates of approximately $0.96-$0.99, while revenue fell short of expectations near $158.9 million. The company also reported a negative net margin and negative return on equity, reinforcing concerns about near-term profitability and operating performance. Coastal Financial earnings miss
• Negative Sentiment: Several law firms publicized a securities class action against Coastal Financial and certain officers for alleged federal securities-law violations covering purchases from October 28, 2024, through July 29, 2026. Allegations reportedly focus on representations that 98.8% of credit risk was indemnified while a partner portfolio of roughly $500 million deteriorated. Investors have until December 1, 2026 to seek lead-plaintiff status, increasing legal and reputational uncertainty for CCB. Coastal Financial class action announcement

Coastal Financial Company Profile

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.