CoastalSouth Bancshares (NYSE:COSO) Lowered to Sell Rating by Wall Street Zen

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

Other equities research analysts have also issued research reports about the company. Zacks Research upgraded CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Piper Sandler boosted their target price on shares of CoastalSouth Bancshares from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

CoastalSouth Bancshares Stock Performance

Shares of COSO opened at $24.65 on Friday. The stock’s 50-day moving average is $24.25. The firm has a market cap of $295.31 million and a P/E ratio of 14.59. CoastalSouth Bancshares has a fifty-two week low of $19.24 and a fifty-two week high of $26.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.80.

CoastalSouth Bancshares (NYSE:COSO) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). The firm had revenue of $22.16 million during the quarter, compared to analyst estimates of $22.30 million.

Hedge Funds Weigh In On CoastalSouth Bancshares

A number of hedge funds have recently modified their holdings of COSO. New York State Common Retirement Fund purchased a new position in shares of CoastalSouth Bancshares during the 3rd quarter worth approximately $41,000. ELCO Management Co. LLC acquired a new position in shares of CoastalSouth Bancshares in the third quarter valued at approximately $242,000. Rhumbline Advisers purchased a new stake in CoastalSouth Bancshares during the 3rd quarter worth approximately $91,000. JPMorgan Chase & Co. acquired a new stake in CoastalSouth Bancshares during the 3rd quarter worth approximately $67,000. Finally, Vanguard Group Inc. purchased a new position in CoastalSouth Bancshares in the 3rd quarter valued at approximately $3,212,000.

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.