Intel stock extends gains after report of possible U.S. government stake
Coastal Financial Corp (NASDAQ:CCB), a $1.2 billion market cap financial institution, recently saw a stock transaction involving one of its directors, Gregory Tisdel. On April 14, 2025, Tisdel sold 1,600 shares of the company’s common stock at a price of $79.07 per share, amounting to a total transaction value of $126,511. The sale comes as CCB’s stock has demonstrated remarkable strength, posting a 112% return over the past year. Following the sale, Tisdel retains ownership of 14,006 shares in the company. This transaction comes as part of Tisdel’s management of his holdings in the financial institution headquartered in Everett, Washington.
In other recent news, Coastal Financial Corp has maintained an Outperform rating with a price target of $114, as reiterated by Keefe, Bruyette & Woods. This comes despite the company’s announcement of a material weakness requiring a restatement of its financials, which analysts noted had no impact on the previously reported earnings per share (EPS) or core key performance indicators (KPIs). Additionally, Raymond (NSE:RYMD) James increased Coastal Financial’s price target from $88.00 to $100.00, maintaining a Strong Buy rating, following the company’s fourth-quarter earnings that exceeded Wall Street expectations. Raymond James highlighted Coastal Financial’s differentiated credit philosophy and active balance sheet management, including the sale of $845.5 million in loans to manage risk. The firm also noted the signing of letters of intent with three new larger national partners, indicating potential growth in balance sheet size. Keefe analysts emphasized Coastal Financial’s strategic partnerships and projected EPS growth of over 155% from 2024 to 2026. They also recognized the bank’s low credit risk and potential benefits from lower interest rates. Coastal Financial’s recent capital raise and partnerships, including those with Robinhood (NASDAQ:HOOD), Dave, and T-Mobile, are expected to contribute to its growth in the Banking as a Service (BaaS) sector.
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