Raymond James initiates QXO stock with Outperform rating on acquisition strategy
Coastal Financial Corp stock reached an all-time high of 109.0 USD, marking a significant milestone for the $1.65 billion financial company. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with a P/E ratio of 31.3x. This achievement comes on the heels of a remarkable 1-year return of 107.27%. The surge in stock price reflects strong investor confidence and robust financial performance, evidenced by 28.83% revenue growth over the past year. Coastal Financial Corp’s impressive growth trajectory has captured the attention of market analysts and investors, as the company continues to expand its market presence and deliver solid returns. InvestingPro subscribers can access 12 additional key insights about Coastal Financial’s performance and valuation metrics.
In other recent news, Coastal Financial Corporation reported second-quarter earnings that did not meet analyst expectations. The company announced net income of $11.0 million, or $0.71 per diluted share, for the quarter ending June 30, 2025, which was below the anticipated $0.84 per share. Additionally, revenue reached $119 million, falling short of the consensus estimate of $151.37 million. This performance marks a decline from the same period last year when earnings per share were $0.84.
In a separate development, Coastal Financial has expanded its leadership team by appointing four new executives. Ryan Hall has been named Chief Product Officer, Michael Costigan as Chief Commercial Officer, Freddy Rivas as Chief Credit Officer, and Chris Morgan as Chief Information Security Officer. These appointments aim to bolster growth in the company’s digital and community banking divisions.
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