Intel stock extends gains after report of possible U.S. government stake
Coastal Financial Corp’s stock reached an all-time high of $106.49, marking a significant milestone for the $1.61 billion market cap company. According to InvestingPro analysis, the stock is currently trading above its Fair Value. This achievement underscores a remarkable 1-year return of 116.85%, backed by strong revenue growth of 28.83% and reflecting robust performance. Trading at a P/E ratio of 31.84, the stock’s impressive ascent highlights the company’s growth trajectory. InvestingPro subscribers can access 10 additional key insights about Coastal Financial’s valuation and growth prospects.
In other recent news, Coastal Financial Corporation reported second-quarter earnings that did not meet analyst expectations. The company announced a net income of $11.0 million, or $0.71 per diluted share, for the quarter ending June 30, 2025, which was below the analyst estimate of $0.84 per share. Additionally, the revenue for the quarter was $119 million, falling short of the consensus estimate of $151.37 million. Compared to the same period last year, the earnings per share decreased from $0.84 in Q2 2024. In another 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 are aimed at supporting growth in the company’s digital and community banking divisions.
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