TD Cowen has initiated coverage on Coastal Financial Corp (EVERETT) (CCB) with a Buy rating, marking the firm’s first assessment of the company’s investment potential. This decision reflects the firm’s research into Coastal Financial's business operations, industry dynamics, and growth prospects.
Headquartered in Everett, Washington, Coastal Financial Corp is a bank holding company that provides banking products and services primarily to small and medium-sized businesses, professionals, and individuals. The firm operates through three segments: the community bank, CCBX, and treasury & administration. The community bank segment focuses on offering a wide range of banking services in the Puget Sound region and through digital platforms. CCBX provides banking as a service (BaaS) to partners in the financial services sector, while the treasury & administration segment manages investments and other financial reporting items.
As of now, Coastal Financial has a market capitalization of $1.6 billion, with a P/E ratio of 32.83 and a trailing EPS of 3.16. The company is set to report its upcoming earnings on July 27, 2026, with an estimated EPS of $1.44 and projected revenue of $159.6 million.
Analyst ratings and price targets are informed by extensive research and financial modeling, providing investors with insights but also reflecting assumptions that may not come to fruition. Therefore, while TD Cowen's Buy rating is a positive signal, investment decisions should consider a range of factors, including company fundamentals and market conditions. Analyst opinions can shift over time as new information emerges, and different analysts may hold varying views on the same stock.
Currently, the analyst consensus for Coastal Financial stands at 3 Strong Buy, 5 Buy, and 1 Hold, indicating a general positive outlook among analysts. Recent actions include TD Cowen's initiation of coverage on September 25, 2025, following a previous maintenance of an Outperform rating by Keefe, Bruyette & Woods on July 11, 2025.