Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Coastal Financial Corporation (CCB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Coastal Financial Corporation is one of 871 companies in the Finance group. The Finance group currently sits at #3 within the Zacks Sector Rank. ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

Banks may have kicked off the third-quarter earnings parade, but the fourth quarter bodes well for them. After all, the recent interest rate cuts by the Federal Reserve are expected to boost economic activities, spur dealmaking, and enhance financial transactions, like credit card usage. As a result, the fourth-quarter earnings for the Banks & Thrifts industry are projected to be up +18.3% from a year ago on +3% higher revenues (read more: Are Bank Stocks a Buy Ahead of Quarterly Results?). Image Source: Za ...

EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the "Company"), and its subsidiary, Coastal Community Bank (the "Bank"), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connectio ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics a ...

Coastal Financial Corporation (CCB) shares ended the last trading session 5% higher at $53.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% gain over the past four weeks. Shares of Coastal Financial have been rallying for the six consecutives trading sessions. The recent 50 basis points interest rate cut by the Federal Reserve has turned investors bullish on bank stocks. As rates go down, loan demand is ant ...

Peter Cade/DigitalVision via Getty Images Innovation in the financial sector has little room compared to other industries, in the banking industry it is much more difficult. Coastal Financial Corp.'s (NASDAQ:CCB) banking as a service segment, CCBX, is an attempt to expand banking services to new customers through fintech companies. It is a very lucrative business model, capable of generating high value. But it needs several optimizations in the underwriting of its loans and better terms with its partners. T ...

Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, no par value per share CCB NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

Net interest margin, net of BaaS loan expense is a non-GAAP measure that includes the impact of BaaS loan expense on net interest rate margin. The most directly comparable GAAP measure is net interest margin. Consumer loans comprise 29.7% of our total balance of outstanding loans as of June 30, 2024. Unused commitments to extend credit represents an additional $1.53 billion, and the combined total in consumer and other loans represents $2.52 billion, or 40.9% of our total outstanding loans and loan commitme ...

This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.67, delivering a surprise of -14.10%. Coastal Financial, which belongs to the Zacks Banks - West industry, posted revenues of $136.16 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 19.10%. This compares to year-ago revenues of $120.95 million. The company has topped consensus revenue ...