Intrust Bank NA Has $1.16 Million Stock Holdings in Coastal Financial Co. (NASDAQ:CCB)

Intrust Bank NA reduced its position in Coastal Financial Co. (NASDAQ:CCB) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,681 shares of the company’s stock after selling 434 shares during the period. Intrust Bank NA’s holdings in Coastal Financial were worth $1,162,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in Coastal Financial by 21.0% in the 3rd quarter. FMR LLC now owns 1,316 shares of the company’s stock valued at $71,000 after acquiring an additional 228 shares during the period. Empowered Funds LLC lifted its holdings in Coastal Financial by 4.6% during the 4th quarter. Empowered Funds LLC now owns 11,591 shares of the company’s stock worth $984,000 after purchasing an additional 507 shares during the last quarter. SG Americas Securities LLC boosted its stake in Coastal Financial by 8.7% in the 4th quarter. SG Americas Securities LLC now owns 6,517 shares of the company’s stock valued at $553,000 after purchasing an additional 522 shares during the period. Point72 DIFC Ltd acquired a new position in Coastal Financial in the 3rd quarter valued at $31,000. Finally, Principal Financial Group Inc. increased its position in Coastal Financial by 9.4% during the 4th quarter. Principal Financial Group Inc. now owns 7,630 shares of the company’s stock worth $648,000 after buying an additional 653 shares during the period. Institutional investors and hedge funds own 59.24% of the company’s stock.

Coastal Financial Price Performance

Shares of NASDAQ:CCB opened at $90.39 on Friday. The firm has a 50 day moving average of $88.10 and a 200-day moving average of $75.82. Coastal Financial Co. has a 12 month low of $37.30 and a 12 month high of $102.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.36 billion, a PE ratio of 27.81 and a beta of 1.21.

Coastal Financial (NASDAQ:CCB) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.09). Coastal Financial had a return on equity of 14.98% and a net margin of 6.43%. On average, equities research analysts predict that Coastal Financial Co. will post 4.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on CCB. Stephens restated an “overweight” rating and issued a $100.00 price target on shares of Coastal Financial in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods increased their target price on shares of Coastal Financial from $96.00 to $114.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $100.00 price target (up from $88.00) on shares of Coastal Financial in a research report on Wednesday, January 29th.

About Coastal Financial

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and 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.