CoastalSouth Bancshares (NYSE:COSO) Upgraded by Wall Street Zen to Hold Rating

CoastalSouth Bancshares (NYSE:COSO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other research firms have also issued reports on COSO. Piper Sandler increased their price target on shares of CoastalSouth Bancshares from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Zacks Research raised CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.00.

CoastalSouth Bancshares Price Performance

Shares of CoastalSouth Bancshares stock opened at $24.02 on Friday. The company has a market cap of $287.76 million and a price-to-earnings ratio of 14.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a fifty day simple moving average of $24.27. CoastalSouth Bancshares has a 52-week low of $19.24 and a 52-week high of $26.29.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC bought a new stake in shares of CoastalSouth Bancshares during the third quarter worth approximately $1,921,000. Endeavour Capital Advisors Inc. acquired a new position in CoastalSouth Bancshares in the third quarter valued at approximately $7,349,000. EJF Capital LLC bought a new position in CoastalSouth Bancshares in the third quarter valued at approximately $20,287,000. ELCO Management Co. LLC acquired a new stake in CoastalSouth Bancshares during the 3rd quarter worth $242,000. Finally, Nuveen LLC acquired a new stake in CoastalSouth Bancshares during the 4th quarter worth $215,000.

About CoastalSouth Bancshares

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.