SG Americas Securities LLC grew its holdings in shares of Coastal Financial Co. (NASDAQ:CCB – Free Report) by 59.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,978 shares of the company’s stock after acquiring an additional 1,489 shares during the period. SG Americas Securities LLC’s holdings in Coastal Financial were worth $177,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Coastal Financial by 15.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,352 shares of the company’s stock valued at $100,000 after acquiring an additional 313 shares in the last quarter. Rhumbline Advisers lifted its stake in Coastal Financial by 3.9% in the first quarter. Rhumbline Advisers now owns 9,816 shares of the company’s stock valued at $449,000 after buying an additional 370 shares during the last quarter. State Street Corp lifted its stake in Coastal Financial by 0.3% in the third quarter. State Street Corp now owns 174,868 shares of the company’s stock valued at $6,949,000 after buying an additional 451 shares during the last quarter. Northern Trust Corp lifted its stake in Coastal Financial by 0.5% in the second quarter. Northern Trust Corp now owns 87,790 shares of the company’s stock valued at $3,346,000 after buying an additional 480 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Coastal Financial by 9.8% in the first quarter. First Trust Advisors LP now owns 6,119 shares of the company’s stock valued at $280,000 after buying an additional 545 shares during the last quarter. 59.24% of the stock is currently owned by hedge funds and other institutional investors.
Coastal Financial Stock Performance
CCB stock opened at $38.38 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $513.91 million, a price-to-earnings ratio of 11.74 and a beta of 1.15. Coastal Financial Co. has a 1 year low of $32.20 and a 1 year high of $48.50. The stock’s fifty day moving average is $38.31 and its two-hundred day moving average is $40.39.
About Coastal Financial
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts.
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