Coastal Financial
Market Cap
US$203.4m
Last Updated
2019/12/11 01:02 UTC
Data Sources
Company Financials +
Executive Summary
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small to medium sized businesses in the Puget Sound region in Washington.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Share Price & News
How has Coastal Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CCB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
CCB
2.7%
US Banks
1.1%
US Market
1 Year Return
22.0%
CCB
22.7%
US Banks
17.8%
US Market
Return vs Industry: CCB matched the US Banks industry which returned 22.7% over the past year.
Return vs Market: CCB exceeded the US Market which returned 17.8% over the past year.
Shareholder returns
| CCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 2.7% | 1.1% |
| 30 Day | 4.9% | 0.9% | 1.4% |
| 90 Day | 6.3% | 10.0% | 3.9% |
| 1 Year | 22.0%22.0% | 26.3%22.7% | 20.3%17.8% |
| 3 Year | n/a | 31.8%22.6% | 44.8%35.4% |
| 5 Year | n/a | 80.2%60.2% | 71.3%52.4% |
Price Volatility Vs. Market
How volatile is Coastal Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Don't Sell Coastal Financial Corporation (NASDAQ:CCB) Before You Read This2 months ago | Simply Wall St
Could The Coastal Financial Corporation (NASDAQ:CCB) Ownership Structure Tell Us Something Useful?4 months ago | Simply Wall St
Despite Its High P/E Ratio, Is Coastal Financial Corporation (NASDAQ:CCB) Still Undervalued?Valuation
Is Coastal Financial undervalued compared to its fair value and its price relative to the market?
16.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CCB ($17.07) is trading above our estimate of fair value ($12.55)
Significantly Below Fair Value: CCB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CCB is poor value based on its PE Ratio (16.1x) compared to the Banks industry average (12.7x).
PE vs Market: CCB is good value based on its PE Ratio (16.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CCB is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: CCB is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Coastal Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
14.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCB's forecast earnings growth (14.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CCB's earnings (14.6% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: CCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCB's revenue (11.2% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: CCB's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CCB's Return on Equity is forecast to be low in 3 years time (11.7%).
Next Steps
Past Performance
How has Coastal Financial performed over the past 5 years?
27.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCB has high quality earnings.
Growing Profit Margin: CCB's current net profit margins (27.4%) are higher than last year (19.6%).
Past Earnings Growth Analysis
Earnings Trend: CCB's earnings have grown significantly by 27.4% per year over the past 5 years.
Accelerating Growth: CCB's earnings growth over the past year (81%) exceeds its 5-year average (27.4% per year).
Earnings vs Industry: CCB earnings growth over the past year (81%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: CCB's Return on Equity (10.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
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
Inventory Level: CCB has a low level of unsold assets or inventory.
Debt Coverage by Assets: CCB's debt is covered by short term assets (assets are 4.6x debt).
Financial Institutions Analysis
Asset Level: CCB's level of assets compared to its equity is low.
Allowance for Bad Loans: CCB has a sufficient allowance for bad loans.
Low Risk Liabilities: CCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CCB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CCB's loans are broadly funded by customer deposits.
Level of Bad Loans: CCB has an appropriate level of bad loans (0.15%)
Next Steps
Dividend
What is Coastal Financial's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CCB's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Coastal Financial's salary, the management and board of directors tenure and is there insider trading?
4.9yrs
Average management tenure
CEO
Eric Sprink (47yo)
9.9yrs
Tenure
US$866,344
Compensation
Mr. Eric M. Sprink has been Chief Executive Officer of Coastal Financial Corporation since 2010 and serves as its President. Mr. Sprink joined the Coastal Financial Corporation in late 2006 and served as i ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD866.34K) is about average for companies of similar size in the US market ($USD1.12M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.9yrs
Average Tenure
58yo
Average Age
Experienced Management: CCB's management team is considered experienced (4.9 years average tenure).
Board Age and Tenure
11.1yrs
Average Tenure
48.5yo
Average Age
Experienced Board: CCB's board of directors are seasoned and experienced ( 11.1 years average tenure).
Insider Trading
Insider Buying: CCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP and Chief Credit & Risk Officer |
| Shares | 1,600 |
| Max Price | US$15.56 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP and Chief Credit & Risk Officer |
| Shares | 2,500 |
| Max Price | US$14.80 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP and Chief Credit & Risk Officer |
| Shares | 1,000 |
| Max Price | US$14.72 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP and Chief Credit & Risk Officer |
| Shares | 1,000 |
| Max Price | US$15.85 |
| Entity | Company |
| Shares | 964,955 |
| Max Price | US$15.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP and Chief Credit & Risk Officer |
| Shares | 500 |
| Max Price | US$17.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.7%.
Management Team
John Dickson (58yo)
Executive VP & COO of Coastal Community Bank
- Tenure: 0yrs
Joel Edwards (59yo)
Executive VP
- Tenure: 7.1yrs
- Compensation: US$510.68k
Eric Sprink (47yo)
President
- Tenure: 9.9yrs
- Compensation: US$866.34k
Dan Lee (62yo)
Executive VP and Chief Credit & Risk Officer
- Tenure: 1.2yrs
Erika Heer
Executive VP & Chief Human Resources Officer
- Tenure: 1.2yrs
Russ Keithley (53yo)
Executive VP & Chief Lending Officer of Coastal Community Bank
- Tenure: 4.9yrs
- Compensation: US$341.21k
Board Members
Steve Hovde (64yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$35.94k
Eric Sprink (47yo)
President
- Tenure: 9.9yrs
- Compensation: US$866.34k
John Haugen (70yo)
Independent Director
- Tenure: 22.9yrs
- Compensation: US$31.67k
Tom Lane (49yo)
Independent Director
- Tenure: 22.9yrs
- Compensation: US$29.69k
Andy Skotdal (48yo)
Vice Chairman
- Tenure: 0yrs
- Compensation: US$41.46k
Greg Tisdel (64yo)
Independent Director
- Tenure: 17.9yrs
- Compensation: US$33.86k
Stephan Klee (45yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: US$20.83k
Andy Dale (52yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$30.42k
Chris Adams (39yo)
Chairman
- Tenure: 0yrs
- Compensation: US$32.61k
Sadhana Akella-Mishra (42yo)
Independent Director
- Tenure: 0.6yrs
Company Information
Coastal Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Coastal Financial Corporation
- Ticker: CCB
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$203.364m
- Shares outstanding: 11.91m
- Website: https://www.coastalbank.com
Number of Employees
Location
- Coastal Financial Corporation
- 5415 Evergreen Way
- Everett
- Washington
- 98203
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CCB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2018 |
| 1VD | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2018 |
Biography
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small to medium sized businesses in the Pu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 01:02 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.