Coastal Financial
Market Cap
US$334.7m
Last Updated
2021/02/26 23:34 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with acceptable 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 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 has decreased from 13% to 6% over the past year.
Market Performance
7 Day Return
14.3%
CCB
-0.2%
US Banks
-4.6%
US Market
1 Year Return
70.8%
CCB
19.8%
US Banks
38.5%
US Market
Return vs Industry: CCB exceeded the US Banks industry which returned 19.4% over the past year.
Return vs Market: CCB exceeded the US Market which returned 38.9% over the past year.
Shareholder returns
| CCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.3% | -0.2% | -4.6% |
| 30 Day | 38.3% | 15.4% | 0.6% |
| 90 Day | 41.8% | 22.3% | 1.9% |
| 1 Year | 70.8%70.8% | 24.2%19.8% | 41.5%38.5% |
| 3 Year | n/a | 11.6%2.0% | 56.7%46.7% |
| 5 Year | n/a | 91.3%67.0% | 123.5%98.6% |
Long-Term 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
If You Like EPS Growth Then Check Out Coastal Financial (NASDAQ:CCB) Before It's Too Late2 months ago | Simply Wall St
This Insider Has Just Sold Shares In Coastal Financial Corporation (NASDAQ:CCB)2 months ago | Simply Wall St
Coastal Financial (NASDAQ:CCB) Shareholders Have Enjoyed A 16% Share Price GainValuation
Is Coastal Financial undervalued compared to its fair value and its price relative to the market?
22.04x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CCB ($28) is trading above our estimate of fair value ($21.53)
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 (22x) compared to the US Banks industry average (12.5x).
PE vs Market: CCB is poor value based on its PE Ratio (22x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: CCB is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CCB is overvalued based on its PB Ratio (2.4x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Coastal Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCB's forecast earnings growth (17.1% per year) is above the savings rate (2%).
Earnings vs Market: CCB's earnings (17.1% per year) are forecast to grow slower than the US market (20.2% per year).
High Growth Earnings: CCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCB's revenue (17.7% per year) is forecast to grow faster than the US market (10.4% per year).
High Growth Revenue: CCB's revenue (17.7% 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 (12.4%).
Next Steps
Past Performance
How has Coastal Financial performed over the past 5 years?
29.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCB has high quality earnings.
Growing Profit Margin: CCB's current net profit margins (26.5%) are lower than last year (27.7%).
Past Earnings Growth Analysis
Earnings Trend: CCB's earnings have grown significantly by 29.5% per year over the past 5 years.
Accelerating Growth: CCB's earnings growth over the past year (14.7%) is below its 5-year average (29.5% per year).
Earnings vs Industry: CCB earnings growth over the past year (14.7%) exceeded the Banks industry 0.5%.
Return on Equity
High ROE: CCB's Return on Equity (10.8%) is considered low.
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
Financial Institutions Analysis
Asset Level: CCB's Assets to Equity ratio (12.6x) is moderate.
Allowance for Bad Loans: CCB has a sufficient allowance for bad loans (381%).
Low Risk Liabilities: 87% 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 (87%).
Low Risk Deposits: CCB's Loans to Deposits ratio (107%) is appropriate.
Level of Bad Loans: CCB has an appropriate level of bad loans (0.3%).
Next Steps
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?
5.3yrs
Average management tenure
CEO
Eric Sprink (47 yo)
11.08yrs
Tenure
US$1,006,470
Compensation
Mr. Eric M. Sprink has been Chief Executive Officer of Coastal Financial Corporation since 2010 and serves as its President. Mr. Sprink joined the Coastal Financial Corporation in late 2006 and served as i...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.01M) is below average for companies of similar size in the US market ($USD1.47M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.08yrs | US$1.01m | 0.18% $ 596.5k | |
| Executive VP | 8.25yrs | US$522.91k | 0.18% $ 603.7k | |
| Executive VP & Chief Lending Officer | no data | US$470.24k | 0.031% $ 105.3k | |
| Executive VP & Chief Human Resources Officer | 2.33yrs | no data | no data | |
| Executive VP and Chief Credit & Risk Officer | 2.33yrs | no data | 0.26% $ 859.3k | |
| Executive VP & COO of Coastal Community Bank | no data | no data | 0.21% $ 694.4k |
5.3yrs
Average Tenure
59yo
Average Age
Experienced Management: CCB's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.08yrs | US$1.01m | 0.18% $ 596.5k | |
| Independent Director | 10.08yrs | US$50.00k | 14.31% $ 47.9m | |
| Director | 0.25yr | no data | 0.0027% $ 9.2k | |
| Independent Director | 24.08yrs | US$50.00k | 0.99% $ 3.3m | |
| Independent Vice Chairman | no data | US$52.50k | 2.37% $ 7.9m | |
| Independent Director | 19.08yrs | US$45.00k | 0.094% $ 313.5k | |
| Independent Director | 2.58yrs | US$55.00k | 0.011% $ 36.1k | |
| Independent Director | 10.08yrs | US$45.00k | 0.51% $ 1.7m | |
| Independent Chairman | no data | US$50.00k | 0.17% $ 572.3k | |
| Independent Director | 1.75yrs | US$25.83k | 0.0080% $ 26.7k |
10.1yrs
Average Tenure
49.5yo
Average Age
Experienced Board: CCB's board of directors are seasoned and experienced ( 10.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CCB insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$334.721m
- Shares outstanding: 11.95m
- 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 | 2021/02/26 23:34 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/30 |
| Annual Earnings | 2020/12/30 |
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.