Added to YB: 2024-07-05
Pitch date: 2024-07-04
CCB [bullish]
Coastal Financial Corporation
+156.06%
current return
Author Info
Company Info
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington.
Market Cap
$1.3B
Pitch Price
$45.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
30.18
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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