Coastal Financial Corp (EVERETT) (CCB) Stock AnalysisCCBCoastal Financial Corp (EVERETT)

Coastal Financial Corporation is a bank holding company, whose wholly owned subsidiaries are Coastal Community Bank (Bank) and Arlington Olympic LLC (LLC). It operates through three segments: The Community Bank, CCBX and Treasury & Administration. The Community bank segment includes all community banking activities, with a primary focus on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and its mobile banking application. It operates in about 14 full-service banking locations, 12 of which are in Snohomish County. The CCBX segment provides banking as a service (BaaS) that allows its digital financial service providers, companies and brands to offer their customers banking services. The Treasury & Administration segment includes investments, debt and other reporting items that are not specific to the community bank or CCBX segments. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

Coastal Financial Corp (CCB) is not a good buy right now due to significant financial challenges, including a recent GAAP EPS of -$2.76, which missed expectations by $3.77, and a staggering year-to-date change of -64.04%. These factors, combined with insider selling increasing by 1195.92% and the initiation of multiple class action lawsuits, suggest substantial risks outweigh potential rewards at the current price of $40.74.

2 analysts cover CCB: 1 rate it Buy, 1 Hold and 0 Sell. The average price target is 155.00.