Coastal Financial (NASDAQ:CCB – Get Free Report) had its price target reduced by equities research analysts at Keefe, Bruyette & Woods from $95.00 to $53.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 32.80% from the company’s current price.
Other analysts also recently issued research reports about the company. TD Cowen dropped their price target on Coastal Financial from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Wall Street Zen raised shares of Coastal Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Coastal Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coastal Financial in a report on Monday, June 29th. Finally, Stephens reaffirmed an “overweight” rating and set a $110.00 price target on shares of Coastal Financial in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.20.
View Our Latest Stock Analysis on CCB
Coastal Financial Trading Down 43.5%
Coastal Financial (NASDAQ:CCB – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($2.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($3.77). The business had revenue of $60.37 million for the quarter, compared to the consensus estimate of $148.50 million. Coastal Financial had a net margin of 7.35% and a return on equity of 10.20%. Equities research analysts forecast that Coastal Financial will post 4.57 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Coastal Financial
A number of large investors have recently added to or reduced their stakes in the business. First Bank & Trust boosted its position in Coastal Financial by 5.5% during the second quarter. First Bank & Trust now owns 12,012 shares of the company’s stock valued at $931,000 after buying an additional 630 shares during the period. Bank of America Corp DE boosted its holdings in Coastal Financial by 71.2% during the 1st quarter. Bank of America Corp DE now owns 86,657 shares of the company’s stock valued at $6,595,000 after acquiring an additional 36,045 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Coastal Financial by 1.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 337,819 shares of the company’s stock valued at $25,708,000 after acquiring an additional 4,611 shares during the period. Quantinno Capital Management LP grew its position in 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 acquiring an additional 23,125 shares during the last quarter. Finally, Mendon Capital Advisors Corp increased its stake in Coastal Financial by 86.7% in the 1st quarter. Mendon Capital Advisors Corp now owns 56,000 shares of the company’s stock worth $4,262,000 after purchasing an additional 26,000 shares during the period. Hedge funds and other institutional investors own 59.24% of the company’s stock.
Key Stories Impacting Coastal Financial
Here are the key news stories impacting Coastal Financial this week:
- Positive Sentiment: Coastal reported record net interest income and continued growth in its BaaS business. Management also discussed a strategic shift intended to improve the company’s future operating profile. Coastal Financial Corporation Announces Second Quarter 2026 Results
- Neutral Sentiment: Coastal appointed a long-serving non-employee director as executive chair, reshaping its governance structure. The move could provide additional oversight during the company’s strategic transition, but investors may view the leadership change as part of a response to recent challenges. Coastal Financial Reshapes Governance With New Executive Chair
- Negative Sentiment: Second-quarter results were far below expectations: Coastal posted a loss of $2.76 per share, versus analyst estimates for approximately $0.95–$1.01 of earnings, while revenue of $60.37 million missed the roughly $148.5 million consensus. The company reported a $42.1 million net loss, primarily caused by a $68.8 million credit expense related to a single, isolated CCBX partner relationship. Coastal Financial Corporation Reports Q2 Loss
- Negative Sentiment: Several law firms announced securities-fraud investigations following the earnings disclosure and stock decline. These announcements do not establish wrongdoing, but they add litigation and reputational risk and are likely intensifying selling pressure. CCB Investor Alert
Coastal Financial Company Profile
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.
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