CoastalSouth Bancshares (NYSE:COSO) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

CoastalSouth Bancshares (NYSE:COSO - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.04), Zacks reports.CoastalSouth Bancshares Stock Down 0.7%Shares of COSO stock traded down $0.17 on Tuesday, reaching $23.73. The company's stock had a trading volume of 44,237 shares, compared to its average volume of 66,361. The firm has a market cap of $284.29 million and a P/E ratio of 21.38. CoastalSouth Bancshares has a 12-month low of $19.24 and a 12-month high of $25.56. The company has a 50 day simple moving average of $23.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.80. Wall Street Analysts Forecast GrowthA number of brokerages recently issued reports on COSO. Weiss Ratings initiated coverage on CoastalSouth Bancshares in a report on Saturday, October 25th. They issued a "buy (b)" rating on the stock. Wall Street Zen upgraded CoastalSouth Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday, January 10th. Finally, Zacks Research upgraded CoastalSouth Bancshares from a "strong sell" rating to a "hold" rating in a research note on Friday, January 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".Get Our Latest Stock Analysis on COSOInstitutional Inflows and OutflowsHedge funds and other institutional investors have recently modified their holdings of the business. Patriot Financial Partners GP II L.P. purchased a new position in shares of CoastalSouth Bancshares during the third quarter worth approximately $24,256,000. Alliancebernstein L.P. bought a new stake in shares of CoastalSouth Bancshares during the 3rd quarter valued at about $10,972,000. Mendon Capital Advisors Corp purchased a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $7,243,000. Vanguard Group Inc. purchased a new position in CoastalSouth Bancshares during the 3rd quarter valued at about $3,212,000. Finally, Kennedy Capital Management LLC purchased a new stake in shares of CoastalSouth Bancshares in the 3rd quarter worth approximately $874,000. CoastalSouth Bancshares Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than CoastalSouth BancsharesZacks Puts $25.50 target on BSEM!Trump’s AI Secret: 100X Faster Than NvidiaWall Street Alert: Buy AESDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CoastalSouth Bancshares Right Now?Before you consider CoastalSouth Bancshares, you'll want to hear this.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 CoastalSouth Bancshares wasn't on the list.While CoastalSouth Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here