Peeling Back The Layers: Exploring Coastal Finl Through Analyst Insights

In the latest quarter, 4 analysts provided ratings for Coastal Finl CCB, showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $84.0, a high estimate of $96.00, and a low estimate of $73.00. This current average has increased by 12.75% from the previous average price target of $74.50.

Decoding Analyst Ratings: A Detailed Look

The standing of Coastal Finl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coastal Finl. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Coastal Finl compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Coastal Finl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

To gain a panoramic view of Coastal Finl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Coastal Finl analyst ratings.

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Delving into Coastal Finl's Background

Coastal Financial Corp is a financial service provider. The company provides banking products and services to consumers and small to medium-sized businesses. Its business is conducted through three reportable segments: The community bank, CCBX, and treasury & administration. The primary focus of the community bank is 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 mobile banking applications.

Financial Milestones: Coastal Finl's Journey

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Coastal Finl's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 65.68%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.

Net Margin: Coastal Finl's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 11.45%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Coastal Finl's ROE excels beyond industry benchmarks, reaching 4.15%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Coastal Finl's ROA stands out, surpassing industry averages. With an impressive ROA of 0.34%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.16, Coastal Finl adopts a prudent financial strategy, indicating a balanced approach to debt management.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.