Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.67 per share a year ago.
Investors need to pay close attention to Coastal Financial (CCB) stock based on the movements in the options market lately.
CCB, CCOZY and CNI have been added to the Zacks Rank #5 (Strong Sell) List on February 4, 2025.
Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.66 per share a year ago.
The majority of U.S. stock indices ended in the red on Nov. 28, following an unfavorable inflation data release, reflecting an uptick in the nation's monthly consumer price.
Based on Washington's economy, I'm expecting Coastal Financial's provision expense for loan losses to remain elevated. Credit demand will most probably remain stable, which will drive both non-interest income and net interest income. The net interest income will also receive support from rate cuts because CCB's books are liability-sensitive, meaning funding costs will fall more than asset yields.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Coastal Financial (CCB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.75 per share a year ago.
Here is how Coastal Financial Corporation (CCB) and Gladstone Commercial (GOOD) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Coastal Financial, Esquire Financial Holdings, and Mercantile Bank from the Banks &Thrifts industry showcase solid earnings growth.