Coastal Financial Corp

Company Profile

Coastal Financial Corp had its IPO on 2018-07-18 under the ticker symbol CCB.

The company operates in the Financial Services sector and Banks-Regional industry. Coastal Financial Corp has a staff strength of 461 employees.

Stock update

Shares of Coastal Financial Corp opened at $42.89 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $42.56 - $43.3, and closed at $43.14.

This is a +1.01% increase from the previous day's closing price.

A total volume of 24,914 shares were traded at the close of the day’s session.

In the last one week, shares of Coastal Financial Corp have slipped by -4.35%.

Coastal Financial Corp's Key Ratios

Coastal Financial Corp has a market cap of $486.96 million, indicating a price to book ratio of 2.9876 and a price to sales ratio of 3.3638.

In the last 12-months Coastal Financial Corp’s revenue was $239.18 million with a gross profit of $217.40 million and an EBITDA of $0. The EBITDA ratio measures Coastal Financial Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Coastal Financial Corp’s operating margin was 25.51% while its return on assets stood at 1.49% with a return of equity of 20.05%.

In Q1, Coastal Financial Corp’s quarterly earnings growth was a positive 97.8% while revenue growth was a positive 56.9%.

Coastal Financial Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

9.8814

PEG

Its diluted EPS in the last 12-months stands at $3.71 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Coastal Financial Corp’s profitability.

Coastal Financial Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.3638.

Coastal Financial Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$3.45 billion

Total Liabilities

$31.67 million

Operating Cash Flow

$-273123000.00

Capital Expenditure

$284000

Dividend Payout Ratio

0%

Coastal Financial Corp ended 2024 with $3.45 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.45 billion while shareholder equity stood at $258.76 million.

Coastal Financial Corp ended 2024 with $582000.00 in deferred long-term liabilities, $31.67 million in other current liabilities, 127447000.00 in common stock, $133.12 million in retained earnings and $0 in goodwill. Its cash balance stood at $393.92 million and cash and short-term investments were $491.92 million. The company’s total short-term debt was $5,022,000 while long-term debt stood at $47.62 million.

Coastal Financial Corp’s total current assets stands at $524.92 million while long-term investments were $113.05 million and short-term investments were $98.00 million. Its net receivables were $33.00 million compared to accounts payable of $31.67 million and inventory worth $0.

In 2024, Coastal Financial Corp's operating cash flow was $-273123000.00 while its capital expenditure stood at $284000.

Comparatively, Coastal Financial Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$43.14

52-Week High

$54.53

52-Week Low

$29.91

Analyst Target Price

$58.5

Coastal Financial Corp stock is currently trading at $43.14 per share. It touched a 52-week high of $54.53 and a 52-week low of $54.53. Analysts tracking the stock have a 12-month average target price of $58.5.

Its 50-day moving average was $43.38 and 200-day moving average was $41.71 The short ratio stood at 10.35 indicating a short percent outstanding of 0%.

Around 1999.5% of the company’s stock are held by insiders while 5993.6% are held by institutions.