Insider Buying: Coastal Financial (NASDAQ:CCB) Director Purchases 5,000 Shares

Posted by George Bondi on Aug 7th, 2026

Coastal Financial Corporation (NASDAQ:CCB – Get Free Report) Director Steven Hovde purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $44.00 per share, with a total value of $220,000.00. Following the completion of the purchase, the director directly owned 16,500 shares in the company, valued at $726,000. The trade was a 43.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Coastal Financial Price Performance

CCB stock traded up $1.41 during midday trading on Friday, reaching $45.34. 274,009 shares of the stock were exchanged, compared to its average volume of 367,255. The stock has a market capitalization of $691.43 million, a PE ratio of -161.92 and a beta of 0.76. Coastal Financial Corporation has a 52 week low of $36.61 and a 52 week high of $120.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.03. The company has a fifty day moving average price of $70.26 and a 200 day moving average price of $77.57.

Coastal Financial (NASDAQ:CCB – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($2.76) EPS for the quarter, missing the consensus estimate of $1.01 by ($3.77). Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.79%. The firm had revenue of $178.07 million during the quarter, compared to the consensus estimate of $148.50 million. As a group, analysts expect that Coastal Financial Corporation will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Coastal Financial

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Coastal Financial by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 6,644 shares of the company’s stock valued at $644,000 after acquiring an additional 149 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Coastal Financial by 7.0% in the 4th quarter. ProShare Advisors LLC now owns 2,360 shares of the company’s stock worth $270,000 after purchasing an additional 155 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Coastal Financial by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 169 shares during the period. Swiss National Bank boosted its stake in shares of Coastal Financial by 0.8% in the 3rd quarter. Swiss National Bank now owns 26,165 shares of the company’s stock valued at $2,830,000 after purchasing an additional 200 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Coastal Financial by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 105,734 shares of the company’s stock valued at $12,117,000 after purchasing an additional 293 shares during the last quarter. 59.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCB. Wall Street Zen upgraded shares of Coastal Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen reduced their target price on shares of Coastal Financial from $110.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Zacks Research cut shares of Coastal Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Raymond James Financial downgraded shares of Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price target for the company. in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coastal Financial in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.33.

View Our Latest Report on CCB

Coastal Financial Company Profile

(Get Free Report)

Coastal Financial Corporation is a bank holding company whose principal subsidiary, Coastal Community Bank, provides a full range of community banking services to clients along North Carolina’s central and eastern coastline. The company focuses on delivering personalized relationship banking to individuals, small businesses, and local professionals in seaside and inland communities.

Through Coastal Community Bank, Coastal Financial offers deposit products including checking, savings, money market accounts and certificates of deposit.