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

44.92USD+0.20 (+0.45%)Delayed

Market Summary

USD44.92+0.20

Delayed

0.45%

CCB Alerts

Big jump in Revenue (Y/Y)

Big fall in earnings (Y/Y)

CCB Stock Price

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CCB RSI Chart

CCB Valuation

Market Cap

602.8M

Price/Earnings (Trailing)

15.46

Price/Sales (Trailing)

1.72

EV/EBITDA

0.29

Price/Free Cashflow

2.95

CCB Price/Sales (Trailing)

CCB Profitability

EBT Margin

14.37%

Return on Equity

12.84%

Return on Assets

1.01%

Free Cashflow Yield

33.85%

CCB Fundamentals

CCB Revenue

Revenue (TTM)

350.7M

Rev. Growth (Yr)

29.04%

Rev. Growth (Qtr)

2.53%

CCB Earnings

Earnings (TTM)

39.0M

Earnings Growth (Yr)

-45.12%

Earnings Growth (Qtr)

-24.55%

Breaking Down CCB Revenue

Last 7 days

3.3%

Last 30 days

20.2%

Last 90 days

11.6%

Trailing 12 Months

26%

How does CCB drawdown profile look like?

CCB Financial Health

CCB Investor Care

Shares Dilution (1Y)

1.03%

Diluted EPS (TTM)

2.86

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	350.7M	0	0	0
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

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	stines andrew g	sold	-7,423	41.47	-179	evp, chief risk officer
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	stines andrew g	acquired	-	-	2,784	evp, chief risk officer
Feb 05, 2024	herger tarah m	sold	-8,702	38.00	-229	evp, division manager
Feb 05, 2024	keithley russ a	acquired	-	-	2,614	chief banking officer
Feb 05, 2024	sprink eric m	acquired	-	-	13,376	ceo

Which funds bought or sold CCB recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	23.45	23,562	316,402	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.29	-90,231	437,404	-%
May 16, 2024	EJF Capital LLC	reduced	-27.13	-1,860,700	3,277,090	2.28%
May 15, 2024	Tudor Investment Corp Et Al	reduced	-6.39	-178,860	810,906	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	added	99.83	1,995,760	4,660,360	0.09%
May 15, 2024	Point72 (DIFC) Ltd	new	-	544	544	-%
May 15, 2024	SHERBROOKE PARK ADVISERS LLC	new	-	266,493	266,493	0.05%
May 15, 2024	FRG Family Wealth Advisors LLC	new	-	56,086	56,086	0.01%
May 15, 2024	HSBC HOLDINGS PLC	added	50.38	77,698	329,268	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-2.72	-104,159	596,809	-%

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
May 09, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
May 06, 2024	144	Notice of Insider Sale Intent
Apr 29, 2024	8-K	Current Report
Apr 29, 2024	8-K	Current Report
Apr 05, 2024	DEFA14A	DEFA14A
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	ARS	ARS
Mar 15, 2024	10-K	Annual Report
Mar 12, 2024	4	Insider Trading

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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.5%	90.00	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
EBITDA Margin	-5.8%	0.85*	0.90*	0.96*	1.03*	1.11*	1.17*	1.24*	1.30*	1.35*	1.39*	1.38*	1.35*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.1%	61.00	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
Income Taxes	-32.7%	2.00	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
Earnings Before Taxes	-26.5%	9.00	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
EBT Margin	-16.9%	0.14*	0.17*	0.20*	0.23*	0.25*	0.26*	0.29*	0.33*	0.37*	0.41*	0.41*	0.39*	-	-	-	-	-	-	-	-	-
Net Income	-24.5%	7.00	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
Net Income Margin	-17.6%	0.11*	0.13*	0.16*	0.18*	0.20*	0.21*	0.23*	0.26*	0.29*	0.33*	0.32*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	25.4%	60.00	48.00	63.00	33.00	46.00	25.00	21.00	12.00	7.00	6.00	12.00	1.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.0%	3,865	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
Cash Equivalents	6.6%	515	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
Net PPE	4.1%	23.00	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
Liabilities	3.0%	3,562	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
Shareholder's Equity	3.0%	304	295	284	273	1.00	243	229	218	208	201	161	154	147	140	135	131	127	124	120	117	112
Retained Earnings	4.1%	172	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
Shares Outstanding	0.8%	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	23.1%	61,900	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
Share Based Compensation	-13.1%	1,180	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
Cashflow From Investing	-17.8%	-132,801	-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
Cashflow From Financing	45.6%	102,901	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

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CCB Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST AND DIVIDEND INCOME
Interest and fees on loans	$ 84,621	$ 66,431
Interest on interest earning deposits with other banks	4,780	3,097
Interest on investment securities	1,034	553
Dividends on other investments	37	30
Total interest income	90,472	70,111
INTEREST EXPENSE
Interest on deposits	28,867	14,958
Interest on borrowed funds	669	662
Total interest expense	29,536	15,620
Net interest income	60,936	54,491
PROVISION FOR CREDIT LOSSES	83,158	43,697
Net interest income/(expense) after provision for credit losses	(22,222)	10,794
NONINTEREST INCOME
Deposit service charges and fees	908	910
Loan referral fees	168	0
Gain on sales of loans, net	0	123
Unrealized gain (loss) on equity securities, net	15	39
Other income	308	299
Noninterest income, excluding BaaS program income and BaaS indemnification income	1,399	1,371
Total noninterest income	86,955	49,307
NONINTEREST EXPENSE
Salaries and employee benefits	17,984	15,575
Occupancy	1,518	1,219
Data processing and software licenses	2,892	1,840
Legal and professional expenses	3,672	3,062
Point of sale expense	869	753
Excise taxes	320	455
Federal Deposit Insurance Corporation ("FDIC") assessments	683	595
Director and staff expenses	400	626
Marketing	53	95
Other expense	1,867	890
Noninterest expense, excluding BaaS loan and BaaS fraud expense	30,258	25,110
BaaS loan and fraud expense	25,760	19,553
Total noninterest expense	56,018	44,663
Income before provision for income taxes	8,715	15,438
PROVISION FOR INCOME TAXES	1,915	3,047
NET INCOME	$ 6,800	$ 12,391
Basic earnings per common share (in usd per share)	$ 0.51	$ 0.94
Diluted earnings per common share (in usd per share)	$ 0.50	$ 0.91
Weighted average number of common shares outstanding:
Basic (in shares)	13,340,997	13,196,960
Diluted (in shares)	13,676,917	13,609,491
BaaS program income
NONINTEREST INCOME
Noninterest income	$ 4,825	$ 3,575
BaaS indemnification income
NONINTEREST INCOME
Noninterest income	80,731	44,361
Servicing and other BaaS fees \| BaaS program income
NONINTEREST INCOME
Noninterest income	1,131	948
Transaction fees \| BaaS program income
NONINTEREST INCOME
Noninterest income	1,122	917
Interchange fees \| BaaS program income
NONINTEREST INCOME
Noninterest income	1,539	789
Reimbursement of expenses \| BaaS program income
NONINTEREST INCOME
Noninterest income	1,033	921
BaaS credit enhancements \| BaaS indemnification income
NONINTEREST INCOME
Noninterest income	79,808	42,362
BaaS fraud enhancements \| BaaS indemnification income
NONINTEREST INCOME
Noninterest income	923	1,999
BaaS loan expense
NONINTEREST EXPENSE
BaaS loan and fraud expense	24,837	17,554
BaaS fraud expense
NONINTEREST EXPENSE
BaaS loan and fraud expense	$ 923	$ 1,999

CCB Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 32,790	$ 31,345
Interest earning deposits with other banks (restricted cash of $0 at March 31, 2024 and December 31, 2023)	482,338	451,783
Investment securities, available for sale, at fair value	41	99,504
Investment securities, held to maturity, at amortized cost	50,049	50,860
Other investments	10,583	10,227
Loans held for sale	797	0
Loans receivable	3,199,554	3,026,092
Allowance for credit losses	(139,258)	(116,958)
Total loans receivable, net	3,060,296	2,909,134
CCBX credit enhancement asset	137,276	107,921
CCBX receivable	10,369	9,088
Premises and equipment, net	22,995	22,090
Operating lease right-of-use assets	5,756	5,932
Accrued interest receivable	24,681	26,819
Bank-owned life insurance, net	12,991	12,870
Deferred tax asset, net	2,221	3,806
Other assets	12,075	11,987
Total assets	3,865,258	3,753,366
LIABILITIES
Deposits	3,462,979	3,360,363
Principal amount $45,000 (less unamortized debt issuance costs of $819 and $856) at March 31, 2024 and December 31, 2023, respectively	44,181	44,144
Principal amount $3,609 (less unamortized debt issuance costs of $19 at March 31, 2024 and December 31, 2023)	3,590	3,590
Deferred compensation	442	479
Accrued interest payable	1,061	892
Operating lease liabilities	5,946	6,124
CCBX payable	33,095	33,651
Other liabilities	10,255	9,145
Total liabilities	3,561,549	3,458,388
SHAREHOLDERS’ EQUITY
Authorized: 25,000,000 shares at March 31, 2024 and December 31, 2023; issued and outstanding: zero shares at March 31, 2024 and December 31, 2023	0	0
Authorized: 300,000,000 shares at March 31, 2024 and December 31, 2023; 13,407,320 shares at March 31, 2024 issued and outstanding and 13,304,339 shares at December 31, 2023 issued and outstanding	131,601	130,136
Retained earnings	172,110	165,311
Accumulated other comprehensive loss, net of tax	(2)	(469)
Total shareholders’ equity	303,709	294,978
Total liabilities and shareholders’ equity	$ 3,865,258	$ 3,753,366

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 Fri May 17 2024, market cap of Coastal Financial Corp-WA is 602.8 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 Fri May 17 2024, CCB's PE ratio (Price to Earnings) is 15.46 and Price to Sales (PS) ratio is 1.72. 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.