CoastalSouth Bancshares (NYSE:COSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CoastalSouth Bancshares (NYSE:COSO) from a sell rating to a hold rating in a report published on Saturday.

COSO has been the subject of a number of other research reports. Zacks Research raised shares of CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings assumed coverage on shares of CoastalSouth Bancshares in a research report on Saturday, October 25th. They set a “buy (b)” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

CoastalSouth Bancshares Stock Down 0.0%

COSO opened at $23.14 on Friday. CoastalSouth Bancshares has a twelve month low of $19.24 and a twelve month high of $25.56. The business’s 50-day moving average price is $22.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market capitalization of $277.22 million and a PE ratio of 20.85.

Hedge Funds Weigh In On CoastalSouth Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in COSO. New York State Common Retirement Fund acquired a new stake in CoastalSouth Bancshares in the third quarter valued at approximately $41,000. BNP Paribas Financial Markets bought a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at $47,000. JPMorgan Chase & Co. acquired a new stake in shares of CoastalSouth Bancshares during the 3rd quarter valued at $67,000. Finally, Rhumbline Advisers acquired a new stake in shares of CoastalSouth Bancshares during the 3rd quarter valued at $91,000.

CoastalSouth Bancshares Company Profile

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.