company background image
CCB

Coastal FinancialNasdaqGS:CCB Stock Report

Last Price

US$49.20

Market Cap

US$632.9m

7D

-3.5%

1Y

131.6%

Updated

26 Jan, 2022

Data

Company Financials +
CCB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends0/6

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

Westamerica Bancorporation

NasdaqGS:WABC

US$1.6b

TriCo Bancshares

NasdaqGS:TCBK

US$1.3b

Heritage Financial

NasdaqGS:HFWA

US$903.8m

Central Pacific Financial

NYSE:CPF

US$829.8m

Price History & Performance

Summary of all time highs, changes and price drops for Coastal Financial
Historical stock prices
Current Share PriceUS$49.20
52 Week HighUS$54.41
52 Week LowUS$19.61
Beta1.25
1 Month Change-5.44%
3 Month Change37.97%
1 Year Change131.64%
3 Year Change220.52%
5 Year Changen/a
Change since IPO200.00%

Recent News & Updates

Shareholder Returns

CCBUS BanksUS Market
7D-3.5%-4.5%-5.1%
1Y131.6%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

Is CCB's price volatile compared to industry and market?
CCB volatility
CCB Average Weekly Movement6.3%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1997343Eric Sprinkhttps://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

How do Coastal Financial's earnings and revenue compare to its market cap?
CCB fundamental statistics
Market CapUS$632.91m
Earnings (TTM)US$24.38m
Revenue (TTM)US$83.92m

26.0x

P/E Ratio

3.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCB income statement (TTM)
RevenueUS$83.92m
Cost of RevenueUS$0
Gross ProfitUS$83.92m
ExpensesUS$59.54m
EarningsUS$24.38m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.89
Gross Margin100.00%
Net Profit Margin29.05%
Debt/Equity Ratio32.8%

How did CCB perform over the long term?

See historical performance and comparison

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 01:05
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.