Coastal Financial (NASDAQ:CCB) Stock Price Down 16.8% – Here’s Why

Posted by Francis Steltz on Sep 28th, 2026

Coastal Financial Corporation (NASDAQ:CCB – Get Free Report)’s share price traded down 16.8% during trading on Monday. The company traded as low as $37.03 and last traded at $37.2720. Approximately 64,712 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 185,552 shares. The stock had previously closed at $44.82.

Analysts Set New Price Targets

Several research firms recently weighed in on CCB. TD Cowen dropped their price target on Coastal Financial from $110.00 to $47.00 and set a “buy” rating on the stock in a research 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. Zacks Research cut Coastal Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Coastal Financial from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Raymond James Financial lowered shares of Coastal Financial from a “strong-buy” rating to an “outperform” rating and set a $50.00 target price for the company. in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $91.33.

Get Our Latest Stock Analysis on Coastal Financial

Coastal Financial Stock Down 18.2%

The stock has a market capitalization of $560.91 million, a price-to-earnings ratio of -130.44 and a beta of 0.78. The firm has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $67.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.03.

Coastal Financial (NASDAQ:CCB – Get Free Report) last announced 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). The business had revenue of $178.07 million during the quarter, compared to analyst estimates of $148.50 million. Coastal Financial had a negative return on equity of 0.80% and a negative net margin of 0.53%. On average, sell-side analysts forecast that Coastal Financial Corporation will post 0.85 EPS for the current fiscal year.

Insider Transactions at Coastal Financial

In other Coastal Financial news, Director Steven Hovde acquired 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 26,500 shares of the company’s stock, valued at approximately $1,161,495. This represents a 60.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Sprink bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $44.45 per share, with a total value of $444,500.00. Following the completion of the transaction, the chief executive officer directly owned 173,238 shares in the company, valued at approximately $7,700,429.10. This trade represents a 6.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 25,290 shares of company stock worth $1,115,894. Corporate insiders own 13.49% of the company’s stock.

Hedge Funds Weigh In On Coastal Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCB. Mendon Capital Advisors Corp raised its position in Coastal Financial by 86.7% during the first quarter. Mendon Capital Advisors Corp now owns 56,000 shares of the company’s stock worth $4,262,000 after acquiring an additional 26,000 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Coastal Financial in the 1st quarter valued at about $1,720,000. Quantinno Capital Management LP increased its stake in shares of Coastal Financial by 1,026.9% during the 1st quarter. Quantinno Capital Management LP now owns 25,377 shares of the company’s stock worth $1,931,000 after purchasing an additional 23,125 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Coastal Financial by 7.6% in the 1st 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 period. Finally, Bank of America Corp DE raised its holdings in shares of Coastal Financial by 71.2% in the 1st quarter. Bank of America Corp DE now owns 86,657 shares of the company’s stock valued at $6,595,000 after purchasing an additional 36,045 shares during the period. 59.24% of the stock is owned by institutional investors and hedge funds.

Coastal Financial Company Profile

(Get Free Report)

Coastal Financial Corporation is the bank holding company for Coastal Community Bank, a community bank headquartered in Everett, Washington. Founded in 1997, the bank serves consumers, businesses and nonprofit organizations in communities across the Puget Sound region and provides relationship-based banking through branches and digital channels.

Coastal Community Bank offers deposit accounts, consumer and commercial loans, mortgage lending, small business and SBA lending, cash-management services, online and mobile banking, and other treasury-management solutions.