1 week Ago By Defense World Staff
Legal & General Group Plc increased its stake in Coastal Financial Co. ( NASDAQ:CCB – Free Report ) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 11,643 shares of the company’s stock after buying an additional 984 shares during the quarter. Legal & General Group Plc owned about 0.09% of Coastal Financial worth $989,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Coastal Financial during the fourth quarter worth about $64,000.
New York State Teachers Retirement System purchased a new stake in Coastal Financial during the 4th quarter worth approximately $87,000. USA Financial Formulas acquired a new position in shares of Coastal Financial in the 4th quarter valued at approximately $122,000. KLP Kapitalforvaltning AS purchased a new position in shares of Coastal Financial during the 4th quarter valued at approximately $178,000.
Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Coastal Financial during the fourth quarter worth approximately $214,000. 59.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of research analysts have commented on the stock. Raymond James reiterated a “strong-buy” rating on shares of Coastal Financial in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on Coastal Financial from $96.
00 to $114.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, Stephens restated an “overweight” rating and set a $100.
00 price objective on shares of Coastal Financial in a research note on Tuesday, March 18th. Insider Buying and Selling at Coastal Financial In related news, Director Gregory A. Tisdel sold 1,600 shares of the stock in a transaction dated Monday, April 14th.
The shares were sold at an average price of $79.07, for a total value of $126,512.00.
Following the sale, the director now owns 14,006 shares of the company’s stock, valued at $1,107,454.42. This trade represents a 10.
25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 16.
82% of the stock is currently owned by company insiders. Coastal Financial Trading Down 0.2 % Coastal Financial stock opened at $88.
08 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.
03 and a current ratio of 1.03. Coastal Financial Co.
has a 1 year low of $37.51 and a 1 year high of $102.25.
The firm’s 50-day moving average is $86.50 and its 200-day moving average is $80.73.
The company has a market cap of $1.32 billion, a P/E ratio of 27.10 and a beta of 1.
00. Coastal Financial ( NASDAQ:CCB – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The company reported $0.
94 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.09).
Coastal Financial had a net margin of 6.43% and a return on equity of 14.98%.
On average, equities analysts expect that Coastal Financial Co. will post 4.59 earnings per share for the current year.
Coastal Financial Company Profile ( Free Report ) Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. Further Reading Five stocks we like better than Coastal Financial Top Stocks Investing in 5G Technology Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery What is the MACD Indicator and How to Use it in Your Trading O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors Stock Ratings and Recommendations: Understanding Analyst Ratings Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Receive News & Ratings for Coastal Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coastal Financial and related companies with MarketBeat.
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