CCB
Coastal Financial CorporationFinancial Services·Banks - Regional
$71.18
$1.1B market cap
Revenue
$344.3M
Free Cash Flow
$130.0M
Rev Growth
+0.0%
FCF Margin
37.8%
P/FCF
8.3x
EV/FCF
8.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial li
2-Year Price History
$69.66+57.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 177.8 | 14.6 | 14.6 | 12.0 | 76.0 | 74.1 | -1.8 | 52.7 | 52.9 | 15.5 | 21.6% | 0.5x | -- |
| Act | 2025-Q4 | 166.6 | 17.2 | 17.2 | 12.6 | 57.8 | 55.9 | -1.9 | 34.3 | 58.0 | 15.5 | 23.3% | 0.6x | -- |
Valuation & Metrics
Market Stats
Price$71.18
Market Cap$1.1B
Enterprise Value$1.1B
P/S Ratio3.1x
P/FCF8.3x
EV/FCF8.3x
FCF Margin (TTM)37.8%
FCF Yield12.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$344.3M
Net Income$24.7M
Free Cash Flow$130.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin9.2%
Net Margin7.2%
FCF Margin37.8%
CapEx % of Revenue1.1%
SBC % of Revenue1.7%
ROIC22.4%
WC Change % Rev-31.5%
Interest Coverage0.6x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.4M
Days to Cover7.9
Change (vs Prior)+6.0%
Need at least 2 settlement dates for chart
Employees
Headcount488
Revenue / Employee$705,543
Gross Profit / Employee$385,289
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
69.7%(+3.1% YoY)
162 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
21.8%(-3.0% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.5%(+0.2% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | $97.0M | $59.00 | +$395K | −$4.9M | -1.3% | $145.22B |
| BlackRock, Inc.Passive | $74.1M | $54.90 | −$835K | −$5.6M | -0.2% | $5.69T |
| Azora Capital LP | $50.1M | $89.07 | +$3.1M | +$4.9M | +1.0% | $1.52B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $42.8M | $76.10 | +$42.8M | +$42.8M | — | $4.04T |
| STATE STREET CORPPassive | $42.2M | $67.55 | +$8.5M | +$11.7M | -0.2% | $2.89T |
| COOPER CREEK PARTNERS MANAGEMENT LLC | $34.3M | $89.69 | +$17.5M | +$29.3M | -0.3% | $2.08B |
| WELLINGTON MANAGEMENT GROUP LLP | $34.0M | $80.17 | −$1.5M | +$93K | -0.3% | $533.98B |
| AMERICAN CENTURY COMPANIES INC | $31.9M | $82.47 | −$9.3M | +$16.2M | +0.7% | $193.48B |
| FMR LLC | $28.2M | $98.89 | +$55K | +$6.9M | -0.0% | $1.89T |
| DIMENSIONAL FUND ADVISORS LPPassive | $27.4M | $45.57 | +$1.9M | +$894K | -0.4% | $480.92B |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $25.7M | $83.86 | +$351K | −$3.5M | -0.2% | $113.45B |
| WESTWOOD HOLDINGS GROUP INC | $25.2M | $88.14 | −$432K | −$9.0M | -0.3% | $13.73B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $24.3M | $61.99 | −$485K | +$1.7M | +2.3% | $1.61T |
| LOOMIS SAYLES & CO L P | $23.2M | $110.13 | −$1.9M | +$23.2M | -0.2% | $73.82B |
| ENDEAVOUR CAPITAL ADVISORS INC | $20.8M | $67.96 | +$8.5M | −$4.4M | -2.6% | $441M |
| UBS ASSET MANAGEMENT AMERICAS INC | $20.4M | $90.83 | +$8.1M | +$18.4M | -0.3% | $480.58B |
| EMERALD ADVISERS, LLC | $16.8M | $100.24 | +$5.2M | +$16.3M | -0.1% | $3.16B |
| GW&K Investment Management, LLC | $13.8M | $46.18 | −$1.2M | −$7.3M | +2.3% | $11.34B |
| ALLIANCEBERNSTEIN L.P. | $13.2M | $38.24 | −$320K | −$2.0M | -0.3% | $307.70B |
| UBS Group AG | $12.2M | $91.60 | +$2.9M | +$5.4M | -0.3% | $562.11B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.32%
avg per quarter
Holders (ex-self)
-0.35%
excl. this stock
Buyers (this Q)
-0.52%
48 buyers · $0.11B in
Sellers (this Q)
-0.18%
64 sellers · $0.24B out
alpha coverage: 94% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-4.8%
how holders react when this stock falls
On quiet Qs
-14.8%
−10% to +10% baseline
On rallies (+10%+)
+1.8%
how they react when this stock rises
Holders' portfolio flow this Q
+1.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.3%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.0%
Holder mid (any stock)
-3.7%
Holder rally (any stock)
-7.4%
Biggest decreases this quarter
DRIEHAUS CAPITAL MANAGEMENT LLCexited−$39.5MNEXT CENTURY GROWTH INVESTORS LLCexited−$20.4MAMERICAN CENTURY COMPANIES INC−$9.3Mα+0.7KINGDON CAPITAL MANAGEMENT, L.L.C.exited−$4.6MPRINCIPAL FINANCIAL GROUP INCexited−$4.1MPhocas Financial Corp.exited−$3.9MLisanti Capital Growth, LLCexited−$3.7MInformed Momentum Co LLCexited−$3.4MFocus Partners Wealthexited−$2.7MTHORNBURG INVESTMENT MANAGEMENT INCexited−$2.2M
New buyers this quarter
Top-5 holders · 30.9%
T. Rowe Price Investment Management, Inc.--
BlackRock, Inc.--
Azora Capital LP--
VANGUARD CAPITAL MANAGEMENT LLC--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
T. Rowe Price Investment Management, Inc.1.3MAzora Capital LP659KAMERICAN CENTURY COMPANIES INC419KWELLINGTON MANAGEMENT GROUP LLP447KEJF Capital LLC12KFMR LLC371KWESTWOOD HOLDINGS GROUP INC331KENDEAVOUR CAPITAL ADVISORS INC274KDRIEHAUS CAPITAL MANAGEMENT LLC—MANUFACTURERS LIFE INSURANCE COMPANY, THE338K
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Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$110.005450.0%
Last Year (4 analysts)$130.008260.0%
Current Price$71.18
Analyst Ratings
1
3
1
Strong Buy: 1Buy: 3Hold: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$13.81M
28 txns · 5 insiders · 123,595 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$1.16M
4 txns · 1 insider · 10,111 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-08 | SELL | Lane Thomas D | director | 300 | $72.60 | $22K | $0 |
| 2026-05-01 | SELL | Hamilton Brian T | director, officer: President of CCBX | 3,079 | $75.44 | $232K | $5.63M |
| 2026-03-03 | SELL | Hamilton Brian T | director, officer: President of CCBX | 146 | $72.37 | $11K | $5.59M |
| 2026-02-06 | SELL | Hamilton Brian T | director, officer: President of CCBX | 48 | $88.95 | $4K | $6.88M |
| 2026-02-04 | SELL | Hamilton Brian T | director, officer: President of CCBX | 171 | $89.67 | $15K | $6.94M |
| 2026-01-26 | SELL | EDWARDS JOEL G | officer: Chief Financial Officer | 1,300 | $111.34 | $145K | $1.28M |
| 2026-01-22 | SELL | Sprink Eric M | director, officer: CEO | 4,000 | $116.01 | $464K | $18.46M |
| 2026-01-21 | SELL | Sprink Eric M | director, officer: CEO | 8,402 | $114.27 | $960K | $18.64M |
| 2026-01-16 | SELL | Sprink Eric M | director, officer: CEO | 3,000 | $114.15 | $342K | $19.58M |
| 2026-01-15 | SELL | Sprink Eric M | director, officer: CEO | 4,356 | $114.51 | $499K | $19.98M |
| 2026-01-09 | SELL | Sprink Eric M | director, officer: CEO | 4,000 | $118.88 | $476K | $21.26M |
| 2026-01-07 | SELL | Sprink Eric M | director, officer: CEO | 3,000 | $117.60 | $353K | $21.51M |
| 2026-01-06 | SELL | Sprink Eric M | director, officer: CEO | 8,000 | $116.35 | $931K | $21.63M |
| 2026-01-05 | SELL | Sprink Eric M | director, officer: CEO | 8,778 | $114.95 | $1.01M | $22.29M |
| 2026-01-02 | SELL | Sprink Eric M | director, officer: CEO | 8,349 | $113.73 | $950K | $23.05M |
| 2025-12-10 | SELL | HOVDE STEVEN D | director, 10 percent owner: | 3,000 | $117.25 | $352K | $1.35M |
| 2025-12-09 | SELL | HOVDE STEVEN D | director, 10 percent owner: | 1,500 | $115.50 | $173K | $1.67M |
| 2025-12-08 | SELL | HOVDE STEVEN D | director, 10 percent owner: | 3,000 | $114.00 | $342K | $1.82M |
| 2025-12-05 | SELL | HOVDE STEVEN D | director, 10 percent owner: | 2,611 | $112.19 | $293K | $2.13M |
| 2025-09-18 | SELL | EDWARDS JOEL G | officer: Chief Financial Officer | 9,425 | $114.67 | $1.08M | $1.46M |
Order Flow (FINRA, ~3w lag)
8.9%retail-1.0pp
26.3%dark+0.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Coastal Financial Corporation: The BaaS House of Cards Built on Partner Indemnities
Overall Risk
7/10
Fraud
4/10
Dilution
3/10
Insolvency
6/10
Earnings Overstated
8/10
Hidden Liabilities
5/10
Legal
6/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
3/10