Ernst Bruderer Sells 2,000 Shares of CoastalSouth Bancshares (NYSE:COSO) Stock

CoastalSouth Bancshares, Inc. (NYSE:COSO) Director Ernst Bruderer sold 2,000 shares of CoastalSouth Bancshares stock in a transaction on Monday, August 31st. The stock was sold at an average price of $27.43, for a total transaction of $54,860.00. Following the transaction, the director directly owned 41,131 shares in the company, valued at $1,128,223.33. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoastalSouth Bancshares Stock Performance

NYSE COSO opened at $27.24 on Wednesday. The company has a fifty day moving average price of $27.16 and a 200-day moving average price of $25.94. The firm has a market cap of $325.63 million, a price-to-earnings ratio of 12.27 and a beta of -0.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.84. CoastalSouth Bancshares, Inc. has a 1 year low of $20.80 and a 1 year high of $28.56.

CoastalSouth Bancshares (NYSE:COSO) last released its quarterly earnings results on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). CoastalSouth Bancshares had a net margin of 19.59% and a return on equity of 10.57%. The firm had revenue of $22.87 million for the quarter. As a group, equities research analysts predict that CoastalSouth Bancshares, Inc. will post 2.37 EPS for the current fiscal year.

CoastalSouth Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.20 annualized dividend and a yield of 0.7%. CoastalSouth Bancshares’s dividend payout ratio (DPR) is 9.01%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded CoastalSouth Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $30.00.

Institutional Investors Weigh In On CoastalSouth Bancshares

Large investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of CoastalSouth Bancshares in the 4th quarter worth about $40,000. BNP Paribas Financial Markets purchased a new stake in CoastalSouth Bancshares during the third quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in CoastalSouth Bancshares during the third quarter worth about $47,000. California State Teachers Retirement System increased its holdings in CoastalSouth Bancshares by 499.6% during the second quarter. California State Teachers Retirement System now owns 3,034 shares of the company’s stock worth $81,000 after buying an additional 2,528 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in CoastalSouth Bancshares in the third quarter worth about $67,000.

About CoastalSouth Bancshares

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.