(CCB) Coastal Financial - Ratings and Ratios

Coastal Financial Corporation is a bank holding company that provides a comprehensive range of banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region of Washington. The companys diverse loan portfolio includes commercial and industrial loans, real estate loans, and consumer loans, while its deposit products comprise demand and savings accounts, time deposits, and money market accounts. Additionally, Coastal Financial Corporation offers various digital banking services, including remote deposit capture, online and mobile banking, and debit cards, as well as business accounts and cash management services, such as Banking as a Service (BaaS) for broker dealers and digital financial service providers.

From our analysis, Coastal Financial Corporation has demonstrated a strong presence in the regional banking market, with a focus on serving the financial needs of local businesses and individuals. The companys BaaS platform is a notable differentiator, enabling it to expand its reach and diversify its revenue streams. With its headquarters in Everett, Washington, Coastal Financial Corporation is well-positioned to capitalize on the regions economic growth.

Based on the provided and , our forecast indicates that Coastal Financial Corporations stock price is likely to experience a moderate increase in the near term. The current price of $83.08 is below its 20-day and 50-day simple moving averages (SMA20 and SMA50), suggesting a potential for upward momentum. Furthermore, the stocks price-to-earnings (P/E) ratio of 26.38 is reasonable compared to its peers in the regional banking sub-industry. With a market capitalization of $1.34 billion and a return on equity (RoE) of 12.53%, we expect Coastal Financial Corporation to continue delivering solid financial performance, driving its stock price towards the $90-$95 range in the next few months.

Our analysis also highlights the importance of monitoring the companys loan portfolio quality, as well as its ability to maintain a stable net interest margin in a potentially changing interest rate environment. As Coastal Financial Corporation continues to expand its BaaS platform and diversify its revenue streams, we expect its stock price to be influenced by its ability to deliver consistent earnings growth and maintain a strong capital position.