| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 6/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CCB Stock Overview
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.
Coastal Financial Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$49.20 |
| 52 Week High | US$54.41 |
| 52 Week Low | US$19.61 |
| Beta | 1.25 |
| 1 Month Change | -5.44% |
| 3 Month Change | 37.97% |
| 1 Year Change | 131.64% |
| 3 Year Change | 220.52% |
| 5 Year Change | n/a |
| Change since IPO | 200.00% |
Recent News & Updates
Shareholder Returns
| CCB | US Banks | US Market | |
|---|---|---|---|
| 7D | -3.5% | -4.5% | -5.1% |
| 1Y | 131.6% | 28.6% | 3.3% |
Return vs Industry: CCB exceeded the US Banks industry which returned 26.6% over the past year.
Return vs Market: CCB exceeded the US Market which returned 4.2% over the past year.
Price Volatility
| CCB volatility | |
|---|---|
| CCB Average Weekly Movement | 6.3% |
| Banks Industry Average Movement | 3.9% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CCB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CCB's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 343 | Eric Sprink | https://www.coastalbank.com |
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 checking accounts, demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, 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 loans, as well as secured term loans.
Coastal Financial Fundamentals Summary
| CCB fundamental statistics | |
|---|---|
| Market Cap | US$632.91m |
| Earnings (TTM) | US$24.38m |
| Revenue (TTM) | US$83.92m |
26.0x
P/E Ratio3.9x
P/B RatioIs CCB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CCB income statement (TTM) | |
|---|---|
| Revenue | US$83.92m |
| Cost of Revenue | US$0 |
| Gross Profit | US$83.92m |
| Expenses | US$59.54m |
| Earnings | US$24.38m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.89 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.05% |
| Debt/Equity Ratio | 32.8% |
How did CCB perform over the long term?
See historical performance and comparisonValuation
Is Coastal Financial undervalued compared to its fair value and its price relative to the market?
31.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCB ($49.2) is trading below our estimate of fair value ($72.17)
Significantly Below Fair Value: CCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CCB is poor value based on its PE Ratio (26x) compared to the US Banks industry average (11x).
PE vs Market: CCB is poor value based on its PE Ratio (26x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CCB is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: CCB is overvalued based on its PB Ratio (3.9x) compared to the US Banks industry average (1.2x).
Future Growth
How is Coastal Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
29.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCB's forecast earnings growth (29.2% per year) is above the savings rate (2%).
Earnings vs Market: CCB's earnings (29.2% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CCB's revenue (24.8% per year) is forecast to grow faster than the US market (9.1% per year).
High Growth Revenue: CCB's revenue (24.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CCB's Return on Equity is forecast to be high in 3 years time (21.7%)
Past Performance
How has Coastal Financial performed over the past 5 years?
32.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCB has high quality earnings.
Growing Profit Margin: CCB's current net profit margins (29%) are higher than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: CCB's earnings have grown significantly by 32.1% per year over the past 5 years.
Accelerating Growth: CCB's earnings growth over the past year (73%) exceeds its 5-year average (32.1% per year).
Earnings vs Industry: CCB earnings growth over the past year (73%) exceeded the Banks industry 43.4%.
Return on Equity
High ROE: CCB's Return on Equity (15.1%) is considered low.
Financial Health
How is Coastal Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CCB's Assets to Equity ratio (15.2x) is moderate.
Allowance for Bad Loans: CCB has a sufficient allowance for bad loans (2733%).
Low Risk Liabilities: 97% of CCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CCB has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: CCB's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: CCB has an appropriate level of bad loans (0%).
Dividend
What is Coastal Financial current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CCB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CCB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CCB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Eric Sprink (48 yo)
16yrs
Tenure
US$1,351,890
Compensation
Mr. Eric M. Sprink serves as General Partner, Banktech Ventures, LP at BankTech Ventures, LP. He has been Chief Executive Officer of Coastal Financial Corporation since 2010 and serves as its President. Mr...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.35M) is below average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CCB's management team is seasoned and experienced (6.2 years average tenure).
Board Members
Experienced Board: CCB's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.
Top Shareholders
Company Information
Coastal Financial Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Coastal Financial Corporation
- Ticker: CCB
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$632.907m
- Shares outstanding: 12.86m
- Website: https://www.coastalbank.com
Number of Employees
Location
- Coastal Financial Corporation
- 5415 Evergreen Way
- Everett
- Washington
- 98203
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 01:05 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.