--- title: "CoastalSouth Bancshares (NYSE:COSO) Director Sells $27,560.00 in Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/295857688.md" description: "CoastalSouth Bancshares (NYSE:COSO) Director Ernst Bruderer sold 1,000 shares for $27,560 on August 12, reducing his position by 2.12%. The company recently announced a $0.05 quarterly dividend payable August 27. Weiss Ratings upgraded COSO to 'buy (a-)', while Piper Sandler raised its price target to $30. Several hedge funds, including Fourthstone LLC and Alliancebernstein L.P., increased their stakes in the third quarter." datetime: "2026-08-13T23:22:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295857688.md) - [en](https://longbridge.com/en/news/295857688.md) - [zh-HK](https://longbridge.com/zh-HK/news/295857688.md) generator: "portal-rs" --- # CoastalSouth Bancshares (NYSE:COSO) Director Sells $27,560.00 in Stock CoastalSouth Bancshares, Inc. (NYSE:COSO - Get Free Report) Director Ernst Bruderer sold 1,000 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $27.56, for a total value of $27,560.00. Following the sale, the director owned 46,131 shares of the company's stock, valued at approximately $1,271,370.36. This represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. ## CoastalSouth Bancshares Stock Performance COSO stock traded up $0.29 during trading on Thursday, reaching $28.04. 66,012 shares of the company traded hands, compared to its average volume of 100,691. The business has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $25.64. CoastalSouth Bancshares, Inc. has a 12 month low of $19.75 and a 12 month high of $28.56. The company has a market capitalization of $335.09 million and a price-to-earnings ratio of 12.63. CoastalSouth Bancshares (NYSE:COSO - Get Free Report) 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 10.69%. The firm had revenue of $22.87 million during the quarter. As a group, research analysts forecast that CoastalSouth Bancshares, Inc. will post 2.37 EPS for the current year. ## CoastalSouth Bancshares Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 13th. CoastalSouth Bancshares's dividend payout ratio (DPR) is 9.01%. ## Wall Street Analyst Weigh In Several brokerages have recently commented on COSO. Weiss Ratings upgraded CoastalSouth Bancshares from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday. Piper Sandler upped their target price on CoastalSouth Bancshares from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CoastalSouth Bancshares currently has an average rating of "Buy" and an average target price of $30.00. **Get Our Latest Stock Report on COSO** ## Hedge Funds Weigh In On CoastalSouth Bancshares Several hedge funds and other institutional investors have recently bought and sold shares of the business. Patriot Financial Partners GP II L.P. acquired a new stake in shares of CoastalSouth Bancshares in the third quarter worth $24,256,000. Fourthstone LLC raised its stake in shares of CoastalSouth Bancshares by 153.8% during the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company's stock valued at $22,315,000 after buying an additional 581,656 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of CoastalSouth Bancshares in the third quarter worth about $10,972,000. Mendon Capital Advisors Corp acquired a new stake in CoastalSouth Bancshares during the third quarter worth about $7,243,000. Finally, Vanguard Group Inc. acquired a new stake in CoastalSouth Bancshares during the third quarter worth about $3,212,000. ## About CoastalSouth Bancshares (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. ## See Also - Five stocks we like better than CoastalSouth Bancshares - Asian Market Circuit Breakers Hit Stocks, Not AI Demand - Riot Platforms Re-Wires the Ledger for a $9B AI Power Play - Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? - Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal *This 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.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## 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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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