Is Coastal Financial (CCB) Stock Undervalued Right Now?

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify strong stocks, with value investing being a particularly popular strategy across various market conditions [1] - Value investors utilize fundamental analysis to find companies perceived as undervalued based on their current share prices [1] - The Style Scores system by Zacks allows investors to filter stocks with specific traits, with a focus on the "Value" category for value investors [1] Group 2 - Coastal Financial (CCB) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong investment potential [2] - CCB's P/E ratio is 11.45, which is lower than the industry average of 11.63, suggesting it may be undervalued [2] - The stock's Forward P/E has fluctuated between 7.26 and 13.14 over the past year, with a median of 10.13, reflecting its valuation dynamics [2] - CCB's P/S ratio stands at 1.31, significantly lower than the industry average of 2.28, further indicating potential undervaluation [2] - The combination of CCB's strong earnings outlook and favorable valuation metrics positions it as an impressive value stock [2]