Coastal Financial Corp

Coastal Financial Corp. operates as a bank holding company. The firm through Coastal Community Bank, provides banking products and services to small and medium-sized businesses, professionals, and individuals. It also offers deposit products. It operates through the following segments: community bank and CCBX. The company was founded by Lee Pintar in 2003 and is headquartered in Everett, WA.

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Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. It operates through the Community Bank and CCBX segments. The Community Bank segment is involved in banking products and services to consumers and small to medium sized businesses in the broader Puget Sound region in the state of Washington. The CCBX segment focuses on the BaaS that allows broker-dealer and digital financial service partners to offer their customers banking services. The company was founded by Lee Pintar on July 9, 2003 and is headquartered in Everett, WA.

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Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen of bank stocks to highlight 10 that are expected to buck the industry trend for reduced profitability in their core businesses.

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EVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive.

Coastal Community Bank Adds to Executive Leadership

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.76 per share a year ago.

Coastal Financial Corporation (CCB) Lags Q2 Earnings and Revenue Estimates

Coastal Financial Corporation (CCB) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Coastal Financial Corporation (CCB) a Solid Growth Stock? 3 Reasons to Think "Yes"

The mean of analysts' price targets for Coastal Financial Corporation (CCB) points to a 55.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Coastal Financial Corporation (CCB) Have the Potential to Rally 55.62% as Wall Street Analysts Expect?

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Powell's hawkish testimony likely to lift bank stocks. Investors, thus, should bet on stocks like Pathward Financial (CASH), Coastal Financial (CCB) & CB Financial Services (CBFV) for now.

3 Top Bank Stocks to Gain as Powell Stays Hawkish

EVERETT, Wash., June 20, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the Bank holding company for Coastal Community Bank, is making its first move towards the Metaverse. The Bank Holding Company revealed Coastal World, an immersive 3D web platform that promotes, educates, and informs visitors about digital banking solutions that best fit their lifestyle, values, or specific financial situations through a fun and engaging online experience.

Coastal Community Bank is making its first move towards the Metaverse with 3D Game and Marketplace

Coastal Financial Corporation (CCB) could produce exceptional returns because of its solid growth attributes.

Coastal Financial Corporation (CCB) is an Incredible Growth Stock: 3 Reasons Why

Decent loan demand, a solid balance sheet and higher rates will keep supporting Coastal Financial (CCB). This makes the stock worth investing in now.

4 Reasons to Add Coastal Financial (CCB) Stock to Your Kitty

The average of price targets set by Wall Street analysts indicates a potential upside of 50.5% in Coastal Financial Corporation (CCB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 50.47% Upside in Coastal Financial Corporation (CCB): Here's What You Should Know

EVERETT, Wash., May 09, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, was awarded the Raymond James Community Bankers Cup for 2022. Coastal has received the award for the fourth consecutive year.

Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2022

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.46 per share a year ago.

Coastal Financial Corporation (CCB) Misses Q1 Earnings Estimates

First Quarter 2023 Highlights: Quarterly net income of $12.4 million , or $0.91 per diluted common share, for the three months ended March 31, 2023 , compared to $13.1 million , or $0.96 per diluted common share for the three months ended December 31, 2022 . Total assets increased $306.6 million , or 9.7% , to $3.45 billion for the quarter ended March 31, 2023 , compared to $3.14 billion at December 31, 2022.

Coastal Financial Corporation Announces First Quarter 2023 Results

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With inflation falling to 5%, the expectations for sustained rate hikes have fallen considerably. Even though core inflation did rise and the labor market remains strong, the Federal Reserve, for now, is unlikely to hike interest rates further.

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EVERETT, Wash., April 03, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that John Dickson has retired from his role as Chief Operating Officer of the Bank. Mr. Dickson will continue part-time with the Bank in an advisory role for a period of time to ensure a smooth transition.

John Dickson Retires as Chief Operating Officer

Coastal Financial Corporation (CCB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Coastal Financial Corporation (CCB) Soars 9.4%: Is Further Upside Left in the Stock?

Coastal Financial Corporation Announces Fourth Quarter 2022 Results

EVERETT, Wash., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Barb MacLean has joined the Bank as Senior Vice President, Head of Technology Operations and Implementation.

Barb MacLean Joins Coastal Community Bank as Head of Tech

Coastal Financial Corporation (CCB) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love Coastal Financial Corporation (CCB)

The average of price targets set by Wall Street analysts indicates a potential upside of 25.8% in Coastal Financial Corporation (CCB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Coastal Financial Corporation (CCB) Have the Potential to Rally 26% as Wall Street Analysts Expect?

Here is Why Growth Investors Should Buy Coastal Financial Corporation (CCB) Now

Looking for a Growth Stock? 3 Reasons Why Coastal Financial Corporation (CCB) is a Solid Choice

EVERETT, Wash., Nov. 21, 2022 (GLOBE NEWSWIRE) -- On November 21, 2022, Coastal Financial Corporation (the “Company”) announced that Eric Sprink, CEO, intends to exercise vested options relating to 190,001 shares of the Company's common stock for personal long-term financial and tax planning purposes. The options were granted in 2013 and expire in April 2023. After exercising his options, Mr. Sprink intends to enter into a pre-arranged stock trading plan.

Coastal Financial Corporation CEO To Exercise Options and Enter Into Rule 10b5-1 Plan

EVERETT, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the completion of its private placement of $20 million in fixed-to-floating rate subordinated notes due November 1, 2032 (the “Notes”).

Coastal Financial Corporation Completes Private Placement of $20 million of Subordinated Notes

News for Coastal Financial Corp Stock (CCB)