CoastalSouth Bancshares, Inc.’s Lock-Up Period Will Expire on December 29th (NYSE:COSO)

CoastalSouth Bancshares’ (NYSE:COSO) lock-up period is set to end on Monday, December 29th. CoastalSouth Bancshares had issued 2,035,000 shares in its public offering on July 2nd. The total size of the offering was $43,752,500 based on an initial share price of $21.50. After the end of CoastalSouth Bancshares’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COSO. Zacks Research cut shares of CoastalSouth Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Weiss Ratings began coverage on CoastalSouth Bancshares in a report on Saturday, October 25th. They set a “buy (b)” rating on the stock. Finally, Wall Street Zen cut CoastalSouth Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

CoastalSouth Bancshares Price Performance

Shares of COSO stock opened at $24.50 on Monday. CoastalSouth Bancshares has a 12 month low of $19.24 and a 12 month high of $25.56.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund acquired a new stake in CoastalSouth Bancshares during the third quarter worth $41,000. BNP Paribas Financial Markets acquired a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of CoastalSouth Bancshares during the 3rd quarter worth $47,000. JPMorgan Chase & Co. acquired a new stake in shares of CoastalSouth Bancshares during the 3rd quarter worth about $67,000. Finally, Rhumbline Advisers acquired a new stake in shares of CoastalSouth Bancshares during the 3rd quarter worth about $91,000.

CoastalSouth Bancshares Company Profile

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.