Coastal Financial (NASDAQ:CCB) Price Target Cut to $53.00 by Analysts at Keefe, Bruyette & Woods

Coastal Financial (NASDAQ:CCB) had its price target trimmed by Keefe, Bruyette & Woods from $95.00 to $53.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Stephens reissued an “overweight” rating and issued a $110.00 price objective on shares of Coastal Financial in a report on Friday, May 1st. Wall Street Zen upgraded shares of Coastal Financial from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Coastal Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Coastal Financial in a research report on Monday, June 29th. Finally, TD Cowen lowered their target price on Coastal Financial from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Coastal Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.33.

Coastal Financial Stock Up 2.7%

CCB opened at $40.99 on Friday. The business’s 50-day simple moving average is $72.92 and its 200-day simple moving average is $79.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.06. Coastal Financial has a one year low of $36.61 and a one year high of $120.05. The stock has a market capitalization of $625.10 million, a P/E ratio of -146.39 and a beta of 0.72.

Coastal Financial (NASDAQ:CCB) last announced 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). The firm 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%. Analysts anticipate that Coastal Financial will post 4.57 EPS for the current year.

Institutional Trading of Coastal Financial

Several large investors have recently bought and sold shares of the company. Cooper Creek Partners Management LLC increased its position in shares of Coastal Financial by 105.0% in the first quarter. Cooper Creek Partners Management LLC now owns 450,134 shares of the company’s stock valued at $34,255,000 after buying an additional 230,537 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Coastal Financial by 364.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 168,764 shares of the company’s stock worth $18,255,000 after buying an additional 132,403 shares in the last quarter. UBS Group AG grew its stake in Coastal Financial by 158.7% in the 3rd quarter. UBS Group AG now owns 166,185 shares of the company’s stock valued at $17,976,000 after acquiring an additional 101,935 shares during the last quarter. Next Century Growth Investors LLC grew its stake in Coastal Financial by 130.0% in the 4th quarter. Next Century Growth Investors LLC now owns 178,224 shares of the company’s stock valued at $20,423,000 after acquiring an additional 100,731 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Coastal Financial by 43.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 330,230 shares of the company’s stock valued at $37,841,000 after acquiring an additional 100,661 shares in the last quarter. Institutional investors and hedge funds 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: 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.