Coastal Financial (CCB) Moves 5.0% Higher: Will This Strength Last? [Yahoo! Finance]
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% gain over the past four weeks. Shares of Coastal Financial have been rallying for the six consecutives trading sessions. The recent 50 basis points interest rate cut by the Federal Reserve has turned investors bullish on bank stocks. As rates go down, loan demand is anticipated to improve alongside a lower deposit cost burden. These indicate enhanced prospects for profitability in the near term. This drove the CCB stock higher. This company is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +28%. Revenues are expected to be $156.8 million, up 62% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate
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CCB
News
- Pomelo launches most secure international money transfer product [Yahoo! Finance]Yahoo! Finance
- Prosper Wins 2024 Tearsheet Award for 'Best Consumer Lending Program' [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Coastal Financial (CCB) Right Now? [Yahoo! Finance]Yahoo! Finance
- KlariVis Announces 2024 Banking on Brilliance Award Winners [Yahoo! Finance]Yahoo! Finance
- Coastal Financial Co. (NASDAQ: CCB) had its price target raised by analysts at Keefe, Bruyette & Woods from $70.00 to $75.00. They now have an "outperform" rating on the stock.MarketBeat
CCB
Earnings
- 10/29/24 - Beat
CCB
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- CCB's page on the SEC website