CoastalSouth Bancshares, Inc. (NYSE:COSO – Get Free Report) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 72,171 shares, a decline of 36.1% from the June 15th total of 112,928 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 236,373 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of CoastalSouth Bancshares in a report on Friday, June 5th. Piper Sandler lifted their price target on CoastalSouth Bancshares from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, CoastalSouth Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.
View Our Latest Stock Analysis on COSO
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Patriot Financial Partners GP II L.P. purchased a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $24,256,000. Fourthstone LLC boosted its position in shares of CoastalSouth Bancshares by 153.8% during the 4th quarter. Fourthstone LLC now owns 959,797 shares of the company’s stock worth $22,315,000 after purchasing an additional 581,656 shares during the period. Alliancebernstein L.P. acquired a new stake in CoastalSouth Bancshares in the 3rd quarter valued at approximately $10,972,000. Mendon Capital Advisors Corp purchased a new stake in CoastalSouth Bancshares in the third quarter valued at approximately $7,243,000. Finally, Vanguard Group Inc. acquired a new position in CoastalSouth Bancshares during the third quarter worth $3,212,000.
CoastalSouth Bancshares Trading Down 1.2%
Shares of COSO opened at $27.04 on Friday. CoastalSouth Bancshares has a 12-month low of $19.24 and a 12-month high of $28.02. The firm has a market capitalization of $325.60 million and a P/E ratio of 12.29. The firm has a 50-day moving average price of $26.25 and a 200 day moving average price of $25.15.
CoastalSouth Bancshares (NYSE:COSO – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $21.71 million during the quarter, compared to analyst estimates of $22.10 million. CoastalSouth Bancshares had a net margin of 18.91% and a return on equity of 10.66%. Equities research analysts predict that CoastalSouth Bancshares will post 2.42 earnings per share for the current fiscal year.
About CoastalSouth Bancshares
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.
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