A number of firms have modified their ratings and price targets on shares of Coastal Financial (NASDAQ: CCB) recently:
- 8/11/2026 – Coastal Financial was downgraded by Weiss Ratings from “hold (c)” to “sell (d)”.
- 8/4/2026 – Coastal Financial was downgraded by Zacks Research from “hold” to “strong sell”.
- 7/31/2026 – Coastal Financial had its price target lowered by TD Cowen from $110.00 to $47.00. They now have a “buy” rating on the stock.
- 7/31/2026 – Coastal Financial was downgraded by Raymond James Financial, Inc. from “strong-buy” to “outperform”. They now have a $50.00 price target on the stock.
- 7/31/2026 – Coastal Financial had its price target lowered by Keefe, Bruyette & Woods from $95.00 to $53.00. They now have an “outperform” rating on the stock.
- 6/30/2026 – Coastal Financial was upgraded by Zacks Research from “strong sell” to “hold”.
- 6/29/2026 – Coastal Financial had its “hold (c)” rating reaffirmed by Weiss Ratings.
Insider Buying and Selling at Coastal Financial
In other Coastal Financial news, CEO Eric M. Sprink acquired 10,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $44.45 per share, with a total value of $444,500.00. Following the transaction, the chief executive officer directly owned 173,238 shares of the company’s stock, valued at $7,700,429.10. This trade represents a 6.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Hovde bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of $43.83 per share, for a total transaction of $438,300.00. Following the completion of the purchase, the director owned 26,500 shares in the company, valued at $1,161,495. The trade was a 60.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 25,290 shares of company stock valued at $1,115,894. Company insiders own 13.49% of the company’s stock.
Through Coastal Community Bank, Coastal Financial offers deposit products including checking, savings, money market accounts and certificates of deposit.
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