Coastal Financial (NASDAQ:CCB) Director Steven Hovde Buys 10,000 Shares

Posted by Brenda Bartman on Aug 8th, 2026

Coastal Financial Corporation (NASDAQ:CCB – Get Free Report) Director Steven Hovde bought 10,000 shares of the stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $43.83 per share, for a total transaction of $438,300.00. Following the purchase, the director owned 26,500 shares in the company, valued at approximately $1,161,495. This represents a 60.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Coastal Financial Price Performance

NASDAQ CCB opened at $45.34 on Friday. The company has a 50 day simple moving average of $70.26 and a 200-day simple moving average of $77.57. 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 firm has a market capitalization of $691.43 million, a price-to-earnings 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.

Coastal Financial (NASDAQ:CCB – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $178.07 million for the quarter, compared to analyst estimates of $148.50 million. Equities research analysts predict that Coastal Financial Corporation will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCB has been the subject of several research reports. Raymond James Financial lowered Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 price target for the company. in a report on Friday, July 31st. Keefe, Bruyette & Woods reduced their target price on shares of Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Coastal Financial in a research report on Monday, June 29th. Stephens restated an “overweight” rating and set a $110.00 price target on shares of Coastal Financial in a research note on Friday, May 1st. Finally, TD Cowen cut their price target 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. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.33.

Check Out Our Latest Stock Report on CCB

Institutional Trading of Coastal Financial

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Coastal Financial by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 784,230 shares of the company’s stock valued at $89,865,000 after buying an additional 18,193 shares during the last quarter. Azora Capital LP lifted its position in Coastal Financial by 4.6% during the 4th quarter. Azora Capital LP now owns 618,244 shares of the company’s stock worth $70,845,000 after acquiring an additional 27,224 shares during the last quarter. Wellington Management Group LLP lifted its position in Coastal Financial by 9.0% during the 3rd quarter. Wellington Management Group LLP now owns 486,197 shares of the company’s stock worth $52,592,000 after acquiring an additional 39,984 shares during the last quarter. Cooper Creek Partners Management LLC boosted its holdings in Coastal Financial by 105.0% during the first quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after acquiring an additional 230,537 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Coastal Financial by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 359,571 shares of the company’s stock valued at $27,361,000 after purchasing an additional 25,424 shares during the last quarter. 59.24% of the stock is owned by institutional investors.

Trending Headlines about Coastal Financial

Here are the key news stories impacting Coastal Financial this week:

Positive Sentiment: Company insiders made substantial open-market purchases. CEO Eric M. Sprink bought 10,000 shares for approximately $444,500, while Director Steven D. Hovde purchased 15,000 shares in two transactions totaling about $658,300. Christopher D. Adams also bought 290 shares. These purchases can signal that management and directors view the recent decline as an attractive entry point, although insider buying does not guarantee a recovery. CEO SEC filing Director SEC filing
Neutral Sentiment: A regional-bank second-quarter comparison article highlighted Coastal Financial alongside peers, but the supplied report provides no specific new operating conclusions or estimates that would materially change the investment outlook. Regional banks second-quarter comparison
Negative Sentiment: Kaplan Fox, Bleichmar Fonti & Auld, and Pomerantz announced investigations into potential securities-law violations or securities fraud following Coastal Financial’s significant stock decline. These announcements increase headline, litigation and reputational risk, although they do not establish that wrongdoing occurred. Kaplan Fox investigation Bleichmar Fonti investigation Pomerantz investigation
Negative Sentiment: Zacks Research downgraded CCB from “hold” to “strong sell,” reinforcing concerns about the company’s outlook. Its latest quarterly results also showed a substantial EPS loss versus expectations, despite revenue exceeding estimates, suggesting profitability—not demand—is the primary concern. Zacks Research

About Coastal Financial

(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.