<div id="readability-page-1"><p><span>Coastal Financial (NASDAQ:CCB - Get Free Report)</span>'s stock had its &#34;buy (b)&#34; rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.</p><div><p><span></span><span>Get <strong>Coastal Financial</strong> alerts:</span></p></div><p>Several other brokerages have also recently weighed in on CCB. Hovde Group  set a $126.00 price objective on Coastal Financial in a report on Monday, August 18th. Keefe, Bruyette &amp; Woods raised their price objective on Coastal Financial from $110.00 to $115.00 and gave the company an &#34;outperform&#34; rating in a report on Friday, July 11th. Zacks Research upgraded Coastal Financial from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Monday, September 29th. Finally, TD Cowen began coverage on shares of Coastal Financial in a research note on Thursday, September 25th. They issued a &#34;buy&#34; rating and a $140.00 target price for the company. One equities research analyst  has rated the stock with a Strong Buy rating, five have given a Buy rating and one  has issued  a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Buy&#34; and an average target price of $116.20.</p><p><b>Read Our Latest Stock Analysis on Coastal Financial</b></p><h2>Coastal Financial Trading Up 3.8%</h2><p>Shares of CCB stock traded up $4.01 on Tuesday, hitting $109.54. The stock had a trading volume of 26,921 shares, compared to its average volume of 122,994. The company has a fifty day moving average price of $109.45 and a two-hundred day moving average price of $96.72. The firm has a market cap of $1.66 billion, a P/E ratio of 33.66 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.10. Coastal Financial has a twelve month low of $57.14 and a twelve month high of $119.22. </p><p>Coastal Financial (NASDAQ:CCB - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.16). The firm had revenue of $119.43 million for the quarter, compared to the consensus estimate of $158.05 million. Coastal Financial had a return on equity of 11.31% and a net margin of 7.02%. As a group, analysts forecast that  Coastal Financial will post 4.59 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Coastal Financial</h2><p>In other news, CFO Joel G. Edwards sold 9,425 shares of Coastal Financial stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $114.67, for a total transaction of $1,080,764.75. Following the transaction, the chief financial officer owned 12,762 shares in the company, valued at approximately $1,463,418.54. The trade was a 42.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, CEO Eric M. Sprink sold 10,683 shares of Coastal Financial stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $114.65, for a total transaction of $1,224,805.95. Following the transaction, the chief executive officer owned 211,011 shares in the company, valued at approximately $24,192,411.15. This trade represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,958 shares of company stock worth $7,210,220 over the last quarter. Corporate insiders own  14.10% of the company's stock. </p><h2>Hedge Funds Weigh In On Coastal Financial</h2><p>Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in  Coastal Financial by 229.5% in the second quarter. Russell Investments Group Ltd. now owns 827 shares of the company's stock valued at $80,000 after purchasing an additional 576 shares in the last quarter.  USA Financial Formulas purchased a new position in  Coastal Financial in the third quarter valued at about $102,000.  Tower Research Capital LLC TRC boosted its stake in  Coastal Financial by 521.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,262 shares of the company's stock valued at $122,000 after acquiring an additional 1,059 shares during the last quarter.  AlphaQuest LLC purchased a new stake in shares of  Coastal Financial during the 1st quarter valued at approximately $188,000.  Finally, CacheTech Inc. purchased a new stake in shares of  Coastal Financial during the 2nd quarter valued at approximately $214,000. Institutional investors and hedge funds own  59.24% of the company's stock. </p><h2>About Coastal Financial</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Coastal Financial</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>3 Defensive Stocks to Buy as Economic Uncertainty Lingers</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>3 Sustainable Stocks Benefiting From the AI Energy Surge</li><li>How to start investing in penny stocks</li><li>NVIDIA Analysts Lift Targets: What It Means for the Stock Price</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0NC?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0NC"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Coastal Financial Right Now?</h2><p>Before you consider Coastal Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coastal Financial wasn't on the list.</p><p>While Coastal Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Weiss Ratings has reaffirmed a "buy (B)" rating for Coastal Financial (NASDAQ: CCB). The stock is currently trading at $109.54, up 3.8%. Analysts have set a consensus target price of $116.20, with one Strong Buy, five Buy, and one Hold rating. Coastal Financial reported $0.71 EPS for the last quarter, missing estimates. Insider trading activity includes significant sales by CFO Joel G. Edwards and CEO Eric M. Sprink. Institutional investors hold 59.24% of the company's stock.</p>

Weiss Ratings Reaffirms "Buy (B)" Rating for Coastal Financial (NASDAQ:CCB)