CCB - Coastal Financial Corp-WA Stock Price, Fair Value and News

41.43USD+0.54 (+1.32%)Market Closed

Market Summary

USD41.43+0.54

Market Closed

1.32%

CCB Stock Price

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CCB RSI Chart

CCB Valuation

Market Cap

554.4M

Price/Earnings (Trailing)

12.44

Price/Sales (Trailing)

1.68

EV/EBITDA

0.24

Price/Free Cashflow

2.91

CCB Price/Sales (Trailing)

CCB Profitability

EBT Margin

17.29%

Return on Equity

15.11%

Return on Assets

1.19%

Free Cashflow Yield

34.32%

CCB Fundamentals

CCB Revenue

Revenue (TTM)

330.4M

Rev. Growth (Yr)

35.7%

Rev. Growth (Qtr)

-0.1%

CCB Earnings

Earnings (TTM)

44.6M

Earnings Growth (Yr)

-31.3%

Earnings Growth (Qtr)

-12.25%

Breaking Down CCB Revenue

Last 7 days

8.2%

Last 30 days

9.9%

Last 90 days

-2.8%

Trailing 12 Months

19.8%

How does CCB drawdown profile look like?

CCB Financial Health

CCB Investor Care

Shares Dilution (1Y)

1.27%

Diluted EPS (TTM)

3.27

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	232.1M	274.0M	307.2M	330.4M
2022	94.9M	117.1M	152.7M	192.2M
2021	68.3M	72.4M	75.6M	83.1M
2020	50.3M	53.9M	58.0M	63.0M
2019	41.5M	44.1M	46.6M	48.6M
2018	33.8M	35.4M	37.1M	38.7M
2017	0	0	0	32.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Coastal Financial Corp-WA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 12, 2024	edwards joel g	acquired	4,400	5.5	800	chief financial officer
Mar 05, 2024	keithley russ a	acquired	14,300	5.5	2,600	chief banking officer
Feb 28, 2024	sand jonathan e	acquired	5,410	6.7625	800	evp, chief credit officer
Feb 27, 2024	culp michael	acquired	5,500	5.5	1,000	chief revenue officer
Feb 06, 2024	herger tarah m	sold	-647	38.08	-17.00	evp, division manager
Feb 05, 2024	queyrouze curt	acquired	-	-	7,068	president
Feb 05, 2024	sand jonathan e	acquired	-	-	1,819	evp, chief credit officer
Feb 05, 2024	stines andrew g	acquired	-	-	2,784	evp, chief risk officer
Feb 05, 2024	herger tarah m	acquired	-	-	1,630	evp, division manager
Feb 05, 2024	herger tarah m	sold	-8,702	38.00	-229	evp, division manager

Which funds bought or sold CCB recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-76.14	-54,000	14,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	sold off	-100	-223,871	-	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	8,094	239,636	-%
Apr 19, 2024	NORDEN GROUP LLC	new	-	1,487,630	1,487,630	0.02%
Apr 19, 2024	Riverwater Partners LLC	reduced	-1.4	-46,443	302,059	0.22%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	reduced	-25.75	-114,950	247,641	1.24%
Apr 19, 2024	Tradewinds Capital Management, LLC	reduced	-22.6	-57,366	120,497	0.03%
Apr 19, 2024	Madrona Financial Services, LLC	unchanged	-	-102,296	717,735	0.25%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	17.65	23.00	777	-%
Apr 17, 2024	Portside Wealth Group, LLC	sold off	-100	-234,129	-	-%

Are Funds Buying or Selling CCB?

Are funds buying CCB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CCB

No. of Funds

Unveiling Coastal Financial Corp-WA's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	6.4%	857,959	SC 13G
Feb 14, 2024	endeavour capital advisors inc	5.6%	743,898	SC 13G/A
Jan 29, 2024	blackrock inc.	6.2%	831,274	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	5.9%	769,791	SC 13G
Feb 14, 2023	endeavour capital advisors inc	5.6%	730,525	SC 13G/A
Feb 03, 2023	blackrock inc.	5.3%	680,862	SC 13G
May 09, 2022	blackrock inc.	4.9%	637,842	SC 13G
Feb 28, 2022	ejf capital llc	7.7%	990,527	SC 13G/A
Feb 16, 2022	manulife financial corp	5.57%	-	SC 13G/A
Feb 14, 2022	endeavour capital advisors inc	5.6%	713,742	SC 13G/A

Recent SEC filings of Coastal Financial Corp-WA

View All Filings

Date Filed	Form Type	Document
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Mar 15, 2024	10-K	Annual Report
Mar 12, 2024	4	Insider Trading
Mar 06, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 14, 2024	SC 13G	Major Ownership Report
Feb 14, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Coastal Financial Corp-WA)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.1B	171.1B	-2.31%	36.49%	11.22	3.25	60.72%	31.52%
BAC	301.8B	130.3B	3.56%	28.93%	11.38	2.32	79.51%	-3.68%
WFC	216.8B	85.7B	6.72%	47.09%	11.33	2.53	41.49%	39.96%
C	119.4B	133.3B	3.01%	27.78%	12.94	0.9	79.09%	-
CFG	16.3B	10.2B	-0.51%	22.27%	10.13	1.6	44.53%	-22.43%
KEY	13.9B	7.9B	-2.00%	32.35%	14.42	1.76	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.92%	23.45%	7.96	1.68	56.25%	-23.46%
ZION	6.2B	3.9B	2.71%	47.68%	9.19	1.58	45.91%	-25.03%
ABCB	3.3B	1.3B	1.85%	41.72%	12.38	2.6	43.24%	-22.35%
ASB	3.2B	2.0B	3.40%	20.85%	17.62	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.5M	164.9M	-1.69%	36.50%	35.44	2.51	42.66%	-70.76%
AROW	380.2M	162.6M	-4.81%	4.19%	12.64	2.34	25.39%	-38.37%
ACNB	284.2M	96.6M	-3.52%	8.70%	8.97	2.94	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.56%	-9.83%	-13.48	0.74	24.06%	-144.92%

Coastal Financial Corp-WA News

Latest updates

Coastal Financial Corp-WA Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.1%	88.00	88.00	84.00	70.00	65.00	55.00	42.00	30.00	26.00	20.00	20.00	18.00	18.00	16.00	15.00	13.00	13.00	12.00	12.00	11.00	11.00
EBITDA Margin	-6.1%	0.90*	0.96*	1.03*	1.11*	1.17*	1.24*	1.30*	1.35*	1.39*	1.38*	1.35*	1.29*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.1%	60.00	62.00	62.00	54.00	53.00	49.00	40.00	29.00	25.00	19.00	19.00	17.00	17.00	15.00	14.00	11.00	11.00	11.00	10.00	10.00	10.00
Income Taxes	2.3%	3.00	3.00	4.00	3.00	2.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	-9.2%	12.00	13.00	17.00	15.00	16.00	14.00	13.00	8.00	9.00	9.00	9.00	8.00	6.00	5.00	5.00	3.00	5.00	4.00	4.00	4.00	4.00
EBT Margin	-12.7%	0.17*	0.20*	0.23*	0.25*	0.26*	0.29*	0.33*	0.37*	0.41*	0.41*	0.39*	0.34*	-	-	-	-	-	-	-	-	-
Net Income	-12.2%	9.00	10.00	13.00	12.00	13.00	11.00	10.00	6.00	7.00	7.00	7.00	6.00	5.00	4.00	4.00	3.00	4.00	4.00	3.00	3.00	3.00
Net Income Margin	-14.9%	0.13*	0.16*	0.18*	0.20*	0.21*	0.23*	0.26*	0.29*	0.33*	0.32*	0.30*	0.27*	-	-	-	-	-	-	-	-	-
Free Cashflow	-23.7%	48.00	63.00	33.00	46.00	25.00	21.00	12.00	7.00	6.00	12.00	1.00	8.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.0%	3,753	3,678	3,535	3,451	3,144	3,134	2,970	2,834	2,636	2,452	2,007	2,029	1,766	1,750	1,679	1,184	1,129	1,090	1,031	1,116	952
Cash Equivalents	1.7%	483	475	275	394	342	411	406	682	813	32.00	31.00	17.00	163	14.00	26.00	14.00	44.00	47.00	55.00	45.00	40.00
Net PPE	7.5%	22.00	21.00	19.00	18.00	18.00	18.00	19.00	18.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	14.00	13.00	13.00	13.00	13.00	13.00
Liabilities	1.9%	3,458	3,394	3,263	3,192	2,901	2,905	2,752	2,626	2,434	2,290	1,853	1,883	1,626	1,614	1,548	1,057	1,004	970	914	1,004	843
Shareholder's Equity	3.7%	295	284	273	1.00	243	229	218	208	201	161	154	147	140	135	131	127	124	120	117	112	109
Retained Earnings	5.8%	165	156	146	133	120	107	96.00	86.00	79.00	72.00	65.00	58.00	52.00	48.00	44.00	40.00	37.00	34.00	30.00	27.00	24.00
Shares Outstanding	0.4%	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	12.00	12.00	12.00	12.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	420	-	-	-	407	-	-	-	279,201,275	-	-	-	136	-	-	-	143	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-22.8%	50,277	65,121	34,484	46,631	25,074	21,212	12,830	7,982	6,564	12,464	2,378	8,441	6,432	4,897	2,982	5,019	4,335	4,666	2,545	2,125	5,545
Share Based Compensation	84.8%	1,359	735	60.00	1,050	868	518	453	539	584	3.00	133	363	311	94.00	1.00	129	214	2.00	2.00	106	88.00
Cashflow From Investing	-1579.0%	-112,776	7,625	-220,711	-273,123	-94,900	-155,968	-410,154	-326,926	458,010	-448,370	16,647	-265,926	-14,140	-83,306	-482,133	-86,961	-43,023	-66,833	95,774	-150,464	-33,603
Cashflow From Financing	-44.4%	70,681	127,140	67,371	278,269	1,237	139,795	120,904	187,892	172,713	436,155	-4,394	255,362	12,537	66,049	491,523	52,156	35,721	54,131	-88,310	152,924	28,910

CCB Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 311,441	$ 183,352	$ 82,112
Interest on interest earning deposits with other banks	15,346	6,728	608
Interest on investment securities	3,197	1,745	79
Dividends on other investments	387	345	284
Total interest income	330,371	192,170	83,083
INTEREST EXPENSE
Interest on deposits	89,000	19,004	2,327
Interest on borrowed funds	2,644	1,391	1,319
Total interest expense	91,644	20,395	3,646
Net interest income	238,727	171,775	79,437
PROVISION FOR CREDIT LOSSES	183,992	79,064	9,915
Net interest income after provision for credit losses - loans and unfunded commitments	54,735	92,711	69,522
NONINTEREST INCOME
Deposit service charges and fees	3,854	3,804	3,698
Loan referral fees	683	810	2,126
Gain on sales of loans, net	253	0	396
Unrealized gain (loss) on equity securities, net	279	(153)	1,469
Gain on sale of bank branch including deposits and loans, net	0	0	1,263
Other income	884	1,344	1,859
Noninterest income, excluding BaaS program income and BaaS indemnification income	5,953	5,805	10,811
Total noninterest income	207,175	124,684	28,118
NONINTEREST EXPENSE
Salaries and employee benefits	66,461	52,228	37,101
Occupancy	4,926	4,548	4,128
Data processing and software licenses	8,595	6,487	4,951
Legal and professional expenses	14,803	6,760	3,133
Point of sale expense	3,534	2,109	671
Excise taxes	1,976	2,204	1,589
Federal Deposit Insurance Corporation ("FDIC") assessments	2,524	2,859	1,632
Director and staff expenses	2,152	1,711	1,205
Marketing	517	351	451
Other expense	5,224	4,652	3,921
Noninterest expense, excluding BaaS loan and BaaS fraud expense	110,712	83,909	58,782
BaaS loan and fraud expense	94,065	82,865	4,481
Total noninterest expense	204,777	166,774	63,263
Income before provision for income taxes	57,133	50,621	34,377
PROVISION FOR INCOME TAXES	12,554	9,996	7,372
NET INCOME	$ 44,579	$ 40,625	$ 27,005
Basic earnings per common share (in usd per share)	$ 3.36	$ 3.14	$ 2.25
Diluted earnings per common share (in usd per share)	$ 3.27	$ 3.01	$ 2.16
Weighted average number of common shares outstanding:
Basic (in shares)	13,261,664	12,949,266	12,022,954
Diluted (in shares)	13,640,182	13,514,952	12,521,426
BaaS program income
NONINTEREST INCOME
Revenue from contract with customer	$ 16,293	$ 12,934	$ 6,716
BaaS indemnification income
NONINTEREST INCOME
Revenue from contract with customer	184,929	105,945	10,591
Servicing and other BaaS fees \| BaaS program income
NONINTEREST INCOME
Revenue from contract with customer	3,855	4,408	4,467
Transaction fees \| BaaS program income
NONINTEREST INCOME
Revenue from contract with customer	4,011	3,211	544
Interchange fees \| BaaS program income
NONINTEREST INCOME
Revenue from contract with customer	4,252	2,583	701
Reimbursement of expenses \| BaaS program income
NONINTEREST INCOME
Revenue from contract with customer	4,175	2,732	1,004
BaaS credit enhancements \| BaaS indemnification income
NONINTEREST INCOME
Revenue from contract with customer	177,764	76,374	9,086
BaaS fraud enhancements \| BaaS indemnification income
NONINTEREST INCOME
Revenue from contract with customer	7,165	29,571	1,505
BaaS loan expense
NONINTEREST EXPENSE
BaaS loan and fraud expense	86,900	53,294	2,976
BaaS fraud expense
NONINTEREST EXPENSE
BaaS loan and fraud expense	$ 7,165	$ 29,571	$ 1,505

CCB Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 31,345	$ 32,722
Interest earning deposits with other banks	451,783	309,417
Investment securities, available for sale, at fair value	99,504	97,317
Investment securities, held to maturity, at amortized cost	50,860	1,036
Other investments	10,227	10,555
Loans receivable	3,026,092	2,627,256
Allowance for credit losses	(116,958)	(74,029)
Total loans receivable, net	2,909,134	2,553,227
CCBX credit enhancement asset	107,921	53,377
CCBX receivable	9,088	10,416
Premises and equipment, net	22,090	18,213
Operating lease right-of-use assets	5,932	5,018
Accrued interest receivable	26,819	17,815
Bank-owned life insurance, net	12,870	12,667
Deferred tax asset, net	3,806	18,458
Other assets	11,987	4,229
Total assets	3,753,366	3,144,467
LIABILITIES
Deposits	3,360,363	2,817,521
Principal amount $45,000 (less unamortized debt issuance costs of $856 and $1,001) at December 31, 2023 and December 31, 2022, respectively	44,144	43,999
Principal amount $3,609 (less unamortized debt issuance costs of $19 and $21 at December 31, 2023 and December 31, 2022, respectively)	3,590	3,588
Deferred compensation	479	616
Accrued interest payable	892	684
Operating lease liabilities	6,124	5,234
CCBX payable	33,651	20,419
Other liabilities	9,145	8,912
Total liabilities	3,458,388	2,900,973
SHAREHOLDERS’ EQUITY
Authorized: 25,000,000 shares at December 31, 2023 and December 31, 2022; issued and outstanding: zero shares at December 31, 2023 and December 31, 2022	0	0
Authorized: 300,000,000 shares at December 31, 2023 and December 31, 2022; 13,304,339 shares at December 31, 2023 issued and outstanding and 13,161,147 shares at December 31, 2022 issued and outstanding	130,136	125,830
Retained earnings	165,311	119,998
Accumulated other comprehensive loss, net of tax	(469)	(2,334)
Total shareholders’ equity	294,978	243,494
Total liabilities and shareholders’ equity	$ 3,753,366	$ 3,144,467

About Coastal Financial Corp-WA

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, small business administration loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service, a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

CEO	Mr. Eric M. Sprink
WEBSITE	coastalbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	482

Coastal Financial Corp-WA Frequently Asked Questions

What is the ticker symbol for Coastal Financial Corp-WA? What does CCB stand for in stocks?

CCB is the stock ticker symbol of Coastal Financial Corp-WA. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Coastal Financial Corp-WA (CCB)?

As of Tue Apr 23 2024, market cap of Coastal Financial Corp-WA is 547.21 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CCB stock?

You can check CCB's fair value in chart for subscribers.

What is the fair value of CCB stock?

You can check CCB's fair value in chart for subscribers. The fair value of Coastal Financial Corp-WA is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Coastal Financial Corp-WA is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CCB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Coastal Financial Corp-WA a good stock to buy?

The fair value guage provides a quick view whether CCB is over valued or under valued. Whether Coastal Financial Corp-WA is cheap or expensive depends on the assumptions which impact Coastal Financial Corp-WA's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CCB.

What is Coastal Financial Corp-WA's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, CCB's PE ratio (Price to Earnings) is 12.28 and Price to Sales (PS) ratio is 1.66. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CCB PE ratio will change depending on the future growth rate expectations of investors.