Coastal Financial (NASDAQ:CCB) Downgraded to Outperform Rating by Raymond James Financial

Raymond James Financial downgraded shares of Coastal Financial (NASDAQ:CCB) from a strong-buy rating to an outperform rating in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $50.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reduced their price objective on Coastal Financial from $95.00 to $53.00 and set an “outperform” rating for the company in a report on Friday. Wall Street Zen upgraded Coastal Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research raised Coastal Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. TD Cowen reduced their price target on Coastal Financial from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Coastal Financial in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.33.

Coastal Financial Stock Performance

Shares of CCB stock opened at $40.99 on Friday. The company has a market capitalization of $625.10 million, a price-to-earnings ratio of -146.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.06. The company has a 50-day simple moving average of $72.92 and a 200 day simple moving average of $79.95. Coastal Financial has a 52 week low of $36.61 and a 52 week high of $120.05.

Coastal Financial (NASDAQ:CCB) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($2.76) EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($3.77). The company had revenue of $60.37 million during the quarter, compared to analyst estimates of $148.50 million. Coastal Financial had a negative net margin of 0.53% and a negative return on equity of 0.79%. On average, sell-side analysts predict that Coastal Financial will post 4.57 earnings per share for the current year.

Institutional Trading of Coastal Financial

A number of institutional investors have recently bought and sold shares of the business. Cooper Creek Partners Management LLC grew its position in shares of Coastal Financial by 105.0% during the 1st quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock worth $34,255,000 after purchasing an additional 230,537 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Coastal Financial by 364.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,764 shares of the company’s stock valued at $18,255,000 after buying an additional 132,403 shares in the last quarter. UBS Group AG raised its position in shares of Coastal Financial by 158.7% in the third quarter. UBS Group AG now owns 166,185 shares of the company’s stock valued at $17,976,000 after buying an additional 101,935 shares in the last quarter. Next Century Growth Investors LLC boosted its stake in shares of Coastal Financial by 130.0% in the fourth quarter. Next Century Growth Investors LLC now owns 178,224 shares of the company’s stock valued at $20,423,000 after buying an additional 100,731 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Coastal Financial by 43.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 330,230 shares of the company’s stock valued at $37,841,000 after buying an additional 100,661 shares during the period. Institutional investors own 59.24% of the company’s stock.

Trending Headlines about Coastal Financial

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

• Positive Sentiment: CCB is considered technically oversold after falling about 49% in four weeks. Zacks also cited upward earnings-estimate revisions by analysts, suggesting selling pressure may be exhausted and that a near-term rebound is possible. Down 49% in 4 Weeks, Here’s Why You Should You Buy the Dip in Coastal Financial
• Positive Sentiment: Raymond James downgraded Coastal Financial from “strong buy” to “outperform” but maintained a $50 price target, while Keefe, Bruyette & Woods retained an “outperform” rating with a $53 target. Both targets imply meaningful upside from the recent trading level, although KBW substantially reduced its previous $95 target. Raymond James analyst action Keefe, Bruyette & Woods analyst action
• Neutral Sentiment: Management highlighted record net interest income, continued growth in its banking-as-a-service business and a strategic shift in its second-quarter investor materials. However, the earnings call transcript provides additional context investors will assess regarding credit quality and partner concentration. Coastal Financial Corporation Announces Second Quarter 2026 Results
• Negative Sentiment: Second-quarter results were materially below expectations. CCB reported a $2.76 per-share loss versus consensus estimates for approximately $1.01 of earnings, while revenue of $60.37 million fell well short of the $148.50 million estimate. The company recorded a $42.1 million net loss, primarily because of a $68.8 million credit expense tied to one isolated CCBX partner relationship. Coastal Financial Corporation Reports Q2 Loss
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations following the earnings disclosure and related stock decline. The investigations could add reputational, legal and financial uncertainty, although no wrongdoing has been established. CCB Investor Alert

About Coastal Financial

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.