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Coastal Financial

Nasdaq:CCB
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCB
Nasdaq
$197M
Market Cap
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Last updated 2019/05/20 03:30
Company description

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. The last earnings update was 7 days ago. More info.

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CCB Share Price and Events
7 Day Returns
-0.3%
NasdaqGS:CCB
-3.2%
US Banks
-0.7%
US Market
1 Year Returns
-
NasdaqGS:CCB
-10.8%
US Banks
3%
US Market
CCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coastal Financial (CCB) -0.3% 2.3% -0.7% - - -
US Banks -3.2% -3.4% -2.3% -10.8% 41.5% 46.8%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on CCB.
  • No trading data on CCB.
Price Volatility
Industry
5yr Volatility vs Market

CCB Value

 Is Coastal Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coastal Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coastal Financial.

NasdaqGS:CCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.84 * 9.1% 		$0.98
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $10.84
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.62 (1 + (1- 21%) (11.67%)) 		0.784
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) 		7.5%

Discounted Cash Flow Calculation for NasdaqGS:CCB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Coastal Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CCB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.1% – 7.5%) * $10.84) 		$0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.17 / (7.5% - 2.73%) 		$3.54
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.84 + $3.54 		$14.38
NasdaqGS:CCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.38
Current discount Discount to share price of $16.57
= -1 x ($16.57 - $14.38) / $14.38 		-15.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Coastal Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coastal Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coastal Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.96
NasdaqGS:CCB Share Price ** NasdaqGS (2019-05-17) in USD $16.57
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.77x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coastal Financial.

NasdaqGS:CCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CCB Share Price ÷ EPS (both in USD)

= 16.57 ÷ 0.96

 17.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coastal Financial is overvalued based on earnings compared to the US Banks industry average.
  • Coastal Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Coastal Financial's expected growth come at a high price?
Raw Data
NasdaqGS:CCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 17.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.39x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.25x ÷ 17.5%

 0.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coastal Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Coastal Financial's assets?
Raw Data
NasdaqGS:CCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.44
NasdaqGS:CCB Share Price * NasdaqGS (2019-05-17) in USD $16.57
United States of America Banks Industry PB Ratio Median Figure of 598 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CCB Share Price ÷ Book Value per Share (both in USD)

= 16.57 ÷ 9.44

 1.76x

* Primary Listing of Coastal Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coastal Financial is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Coastal Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. Coastal Financial has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CCB Future Performance

 How is Coastal Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coastal Financial expected to grow at an attractive rate?
  • Coastal Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Coastal Financial's earnings growth is expected to exceed the United States of America market average.
  • Coastal Financial's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 17.5%
NasdaqGS:CCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 53 15 2
2019-12-31 48 12 2
NasdaqGS:CCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 41 14 11
2018-12-31 38 14 10
2018-09-30 36 11 7
2018-06-30 35 9 6
2018-03-31 34 9 6
2017-12-31 33 8 5
2016-12-31 29 7 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coastal Financial's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • Coastal Financial's revenue is expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Coastal Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.18 1.21 1.15 2.00
2019-12-31 1.02 1.03 1.00 2.00
NasdaqGS:CCB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.96
2018-12-31 0.93
2018-09-30 0.71
2018-06-30 0.68
2018-03-31 0.65
2017-12-31 0.59
2016-12-31 0.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Coastal Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Banks industry
X
Future performance checks
We assess Coastal Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coastal Financial has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CCB Past Performance

  How has Coastal Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coastal Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coastal Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • Coastal Financial's 1-year earnings growth exceeds its 5-year average (78.8% vs 25.6%)
  • Coastal Financial's earnings growth has exceeded the US Banks industry average in the past year (78.8% vs 40.7%).
Earnings and Revenue History
Coastal Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coastal Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 41.29 10.67 24.93
2018-12-31 38.46 9.70 23.41
2018-09-30 35.74 6.99 22.03
2018-06-30 34.52 6.29 21.37
2018-03-31 33.64 5.97 20.49
2017-12-31 32.52 5.44 19.86
2016-12-31 28.67 5.00 18.33
2014-12-31 21.77 2.35 15.19
2013-12-31 17.62 2.04 12.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coastal Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coastal Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Coastal Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Coastal Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coastal Financial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CCB Health

 How is Coastal Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Coastal Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coastal Financial Company Filings, last reported 1 month ago.

NasdaqGS:CCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 112.37 23.02 233.93
2018-12-31 109.16 33.62 125.78
2018-09-30 105.28 33.54 115.51
2018-06-30 69.49 33.54 91.45
2018-03-31 66.93 33.66 94.57
2017-12-31 65.71 33.53 89.75
2016-12-31 59.90 28.51 86.98
2014-12-31 52.52 19.41 79.98
2013-12-31 38.49 18.41 38.63
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Coastal Financial has an acceptable proportion of non-loan assets held.
  • Coastal Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at Coastal Financial are broadly funded by customer deposits.
  • Coastal Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Coastal Financial has a sufficient allowance for bad loans.
  • Coastal Financial has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess Coastal Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Coastal Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CCB Dividends

 What is Coastal Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Coastal Financial dividends.
If you bought $2,000 of Coastal Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Coastal Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coastal Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CCB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 473 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Coastal Financial has not reported any payouts.
  • Unable to verify if Coastal Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coastal Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coastal Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Coastal Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coastal Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Coastal Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CCB Management

 What is the CEO of Coastal Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Sprink
COMPENSATION $866,344
AGE 46
TENURE AS CEO 9.3 years
CEO Bio

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 its Chief Operating Officer. Mr. Sprink has been a Director of Coastal Financial Corporation and Coastal Community Bank since 2006. Mr. Sprink began his banking career working for Security Pacific Bank while enrolled at Arizona State University. He assumed increasing levels of responsibility in the areas of retail operations, consumer and commercial lending and wealth management with Security Pacific Bank and its successor, Bank of America. He then moved to Centura Bank ("Centura"), where he held Management positions in retail operations and corporate finance. After Centura was acquired, he held Senior Management positions at Washington Trust Bank and Global Credit Union. Mr. Sprink is active in industry trade groups and is a Director and past Chairman of the Community Bankers of Washington. Mr. Sprink received a Bachelor’s Degree from Arizona State University and an M.B.A. from the University of North Carolina. He has experience in the financial services industry, including 12 years in the Puget Sound region. Mr. Sprink held leadership positions with several financial institutions in corporate finance, retail banking, commercial lending, private banking and trust management.

CEO Compensation
  • Eric's compensation has increased by more than 20% in the past year.
  • Eric's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Coastal Financial management team in years:

4.3
Average Tenure
57
Average Age
  • The tenure for the Coastal Financial management team is about average.
Management Team

Eric Sprink

TITLE
President
COMPENSATION
$866K
AGE
46
TENURE
9.3 yrs

Joel Edwards

TITLE
Executive VP
COMPENSATION
$511K
AGE
58
TENURE
6.5 yrs

Russ Keithley

TITLE
Executive VP & Chief Lending Officer of Coastal Community Bank
COMPENSATION
$341K
AGE
52
TENURE
4.3 yrs

Erika Heer

TITLE
Executive VP & Chief Human Resources Officer
TENURE
0.6 yrs

Dan Lee

TITLE
Executive VP and Chief Credit & Risk Officer
AGE
61
TENURE
0.6 yrs

John Dickson

TITLE
Executive VP & COO of Coastal Community Bank
AGE
57
Board of Directors Tenure

Average tenure and age of the Coastal Financial board of directors in years:

12.7
Average Tenure
49.5
Average Age
  • The average tenure for the Coastal Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Andy Skotdal

TITLE
Chairman of the Board
COMPENSATION
$41K
AGE
47

Eric Sprink

TITLE
President
COMPENSATION
$866K
AGE
46
TENURE
12.7 yrs

Chris Adams

TITLE
Vice Chairman of the Board
COMPENSATION
$33K
AGE
38

Tom Lane

TITLE
Director
COMPENSATION
$30K
AGE
48
TENURE
22.3 yrs

John Haugen

TITLE
Director
COMPENSATION
$32K
AGE
69
TENURE
22.3 yrs

Greg Tisdel

TITLE
Director
COMPENSATION
$34K
AGE
63
TENURE
17.3 yrs

Steve Hovde

TITLE
Director
COMPENSATION
$36K
AGE
63
TENURE
8.3 yrs

Andy Dale

TITLE
Director
COMPENSATION
$30K
AGE
51
TENURE
8.3 yrs

Stephan Klee

TITLE
Director
COMPENSATION
$21K
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Coastal Financial insiders in the past 3 months, but not in substantial volumes.
Show me more companies with insider buying in the Banks industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Mar 19 Sell Gapstow Capital Partners, L.P. Company 13. Feb 19 13. Feb 19 -964,955 $15.00 $-14,474,325
13. Mar 19 Buy Daniel Lee Individual 12. Mar 19 12. Mar 19 500 $17.00 $8,500
16. Nov 18 Buy John Haugen Individual 14. Nov 18 14. Nov 18 2,100 $15.65 $32,677
14. Sep 18 Buy Andrew Skotdal Individual 05. Sep 18 05. Sep 18 4,000 $16.75 $67,000
20. Jul 18 Buy Andrew Skotdal Individual 18. Jul 18 18. Jul 18 80,000 $14.50 $1,160,000
20. Jul 18 Sell Gapstow Capital Partners, L.P. Company 18. Jul 18 18. Jul 18 -700,000 $14.50 $-10,150,000
20. Jul 18 Buy Gregory Tisdel Individual 18. Jul 18 18. Jul 18 1,400 $14.50 $20,300
20. Jul 18 Buy Thomas Lane Individual 18. Jul 18 18. Jul 18 7,000 $14.50 $101,500
20. Jul 18 Buy Christopher Adams Individual 18. Jul 18 18. Jul 18 5,000 $14.50 $72,500
X
Management checks
We assess Coastal Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Coastal Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CCB News

Simply Wall St News

What You Should Know About Coastal Financial Corporation’s (NASDAQ:CCB) Liquidity

As a small-cap bank stock with a market capitalisation of US$192m, Coastal Financial Corporation’s (NASDAQ:CCB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Following the Financial Crisis in 2008, a set of reforms termed Basel III was enforced to bolster risk management, regulation, and supervision in the financial services industry. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Coastal Financial to vulnerabilities.

Simply Wall St - –

Do Institutions Own Coastal Financial Corporation (NASDAQ:CCB) Shares?

A look at the shareholders of Coastal Financial Corporation (NASDAQ:CCB) can tell us which group is most powerful. … Coastal Financial is a smaller company with a market capitalization of US$199m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St - –

Should You Be Tempted To Sell Coastal Financial Corporation (NASDAQ:CCB) Because Of Its P/E Ratio?

We'll look at Coastal Financial Corporation's (NASDAQ:CCB) P/E ratio and reflect on what it tells us about the company's share price. … Coastal Financial has a P/E ratio of 16.84, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Three Understated Metrics For Coastal Financial Corporation (NASDAQ:CCB) You Should Know

Coastal Financial Corporation’s (NASDAQ:CCB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$178m. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Today we will be measuring Coastal Financial’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St - –

Have Insiders Been Buying Coastal Financial Corporation (NASDAQ:CCB) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Coastal Financial Corporation (NASDAQ:CCB). … In total, Coastal Financial insiders bought more than they sold over the last year

Simply Wall St - –

Three Key Risks For Coastal Financial Corporation (NASDAQ:CCB) You Should Know

As a small-cap bank with a market capitalisation of US$181m, Coastal Financial Corporation’s (NASDAQ:CCB) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Coastal Financial’s bottom line. … Check out our latest analysis for Coastal Financial

Simply Wall St - –

Financial Metrics For Coastal Financial Corporation (NASDAQ:CCB)

Coastal Financial Corporation’s (NASDAQ:CCB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$202m. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Today we will be measuring Coastal Financial’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St - –

Is Coastal Financial Corporation's (NASDAQ:CCB) 8.91% ROE Strong Compared To Its Industry?

and want to learn about Return on Equity using a real-life example. … Coastal Financial Corporation (NASDAQ:CCB) performed in-line with its regional banks industry on the basis of its ROE – producing a return of8.91% relative to the peer average of 8.84% over the past 12 months. … However, ROE only measures returns against equity, not debt.

Simply Wall St - –

CCB Company Info

Description

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. 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 auto, boat, and recreational vehicle loans, as well as secured term loans. It also provides remote deposit capture, online banking, mobile banking, and direct deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services. It operates 14 full-service banking locations. The company was founded in 1997 and is headquartered in Everett, Washington.

Details
Name: Coastal Financial Corporation
CCB
Exchange: NasdaqGS
Founded: 1997
$197,287,970
11,906,335
Website: http://www.coastalbank.com
Address: Coastal Financial Corporation
5415 Evergreen Way,
Everett,
Washington, 98203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CCB Common Stock Nasdaq Global Select US USD 18. Jul 2018
DB 1VD Common Stock Deutsche Boerse AG DE EUR 18. Jul 2018
Number of employees
Current staff
Staff numbers
179
Coastal Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:30
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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