CoastalSouth Bancshares (NYSE:COSO) Raised to Hold at Wall Street Zen

CoastalSouth Bancshares (NYSE:COSO) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on the company. Weiss Ratings initiated coverage on CoastalSouth Bancshares in a research note on Saturday, October 25th. They issued a “buy (b)” rating on the stock. Zacks Research raised CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

CoastalSouth Bancshares Trading Up 0.7%

NYSE:COSO opened at $23.14 on Friday. The company has a market capitalization of $277.22 million and a PE ratio of 20.85. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. CoastalSouth Bancshares has a 1 year low of $19.24 and a 1 year high of $25.56. The firm has a 50 day moving average price of $22.73.

Hedge Funds Weigh In On CoastalSouth Bancshares

Several large investors have recently made changes to their positions in COSO. BNP Paribas Financial Markets bought a new position in shares of CoastalSouth Bancshares in the 3rd quarter valued at about $47,000. JPMorgan Chase & Co. bought a new stake in shares of CoastalSouth Bancshares during the third quarter worth approximately $67,000. Patriot Financial Partners GP II L.P. acquired a new position in CoastalSouth Bancshares in the third quarter valued at approximately $15,686,000. North Reef Capital Management LP bought a new position in CoastalSouth Bancshares in the third quarter valued at approximately $4,812,000. Finally, Azora Capital LP bought a new position in CoastalSouth Bancshares in the third quarter valued at approximately $8,704,000.

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.