Added to YB: 2024-07-05
Pitch date: 2024-07-04
CCB [bullish]
Coastal Financial Corporation
-4.77%
current return
Author Info
No bio for this author
Company Info
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small and medium-sized businesses in the Puget Sound region in Washington.
Market Cap
$625.4M
Pitch Price
$45.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-159.59
EV/Sales
N/A
Sector
Banks
Category
growth
Coastal Financial Corporation - $CCB
CCB: Regional bank w/ explosive growth via CCBX fintech partnerships (Robinhood, One). 20%+ annual rev growth, PE<35. $1.21B CCBX loans, 9.71% yield. Low risk: partners indemnify losses. Worst case: $111M past due out of $1.21B. Strong financials, cash position. CEO incentives aligned. Rapid rev/income growth since 2017. Switching costs moat.
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