Coastal Financial Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 14.51
Dividend & YieldN/A$ (N/A)
Beta 1.15
Market capitalization 638.64M
Operating cash flow 48.59M
ESG Scores unknown

Company description

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 lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. It also provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their clients banking services. It operates 14 full-service banking locations. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -139.12M -164.55M -666.54M -894.15M
Net Borrowings -10M -10M 168.72M -139.45M
Total Cash From Financing Activities 133.92M 154.47M 622.26M 859.84M
Change To Operating Activities 2.32M -2.3M -5.21M -3.67M
Issuance Of Stock 33.6M 121k 202k 32.75M
Net Income 9.7M 13.2M 15.15M 27M
Change In Cash 9.2M 3.59M -24.95M -4.47M
Effect Of Exchange Rate
Total Cash From Operating Activities 14.4M 13.67M 19.33M 29.85M
Depreciation 1.07M 1.24M 1.36M 1.59M
Change To Account Receivables
Other Cashflows From Financing Activities 100.32M 164.34M 453.35M 966.54M
Change To Netincome 1.31M 1.53M 8.04M 4.92M
Capital Expenditures -1.15M -1.21M -5.37M -2.59M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 12.24M 16.66M 19.14M 34.38M
Net Income 9.7M 13.2M 15.15M 27M
Selling General Administrative 23.32M 27.68M 32.51M 48.98M
Gross Profit 38.38M 47.67M 57.26M 97.64M
Ebit
Operating Income 12.54M 16.85M 20.98M 38.84M
Interest Expense
Income Tax Expense 2.54M 3.46M 4M 7.37M
Total Revenue 38.38M 47.67M 57.26M 97.64M
Cost Of Revenue
Total Other Income ExpenseNet -295k -184k -1.84M -4.46M
Net Income From Continuing Ops 9.7M 13.2M 15.15M 27M
Net Income Applicable To Common Shares 9.7M 13.2M 15.15M 27M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 842.95M 1B 1.63B 2.43B
Total Stockholder Equity 109.16M 124.17M 140.22M 201.22M
Other Current Liabilities
Total Assets 952.11M 1.13B 1.77B 2.64B
Common Stock 86.43M 86.98M 87.81M 121.84M
Other Current Assets 26.53M 30.34M 8.62M 8.11M
Retained Earnings 24.02M 37.22M 52.37M 79.37M
Treasury Stock -1.3M -32k 34k 4k
Cash 16.32M 16.55M 18.96M 14.5M
Total Current Liabilities 823.89M 978.27M 1.42B 2.37B
Other Stockholder Equity -1.3M -32k 34k 4k
Property, Plant, and Equipment 13.17M 21.6M 24.23M 23.32M
Total Current Assets 128.31M 130.79M 171.73M 821.27M
Net Tangible Assets 109.16M 124.17M 140.22M 201.22M
Net Receivables
Accounts Payable 803.61M 967.96M 1.42B 2.36B


Insider Transactions

Here are the insider transactions of stock shares related to Coastal Financial Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
SPRINK ERIC MSale at price 48.77 per share.D2022-11-23Chief Executive Officer11.41k
SPRINK ERIC MConversion of Exercise of derivative security at price 5.50 per share.D2022-11-23Chief Executive Officer96.5k
DICKSON JOHN JSale at price 48.25 - 48.50 per share.D2022-11-22Chief Operating Officer1.59k
SPRINK ERIC MSale at price 47.75 - 48.94 per share.D2022-11-22Chief Executive Officer10.85k
SPRINK ERIC MConversion of Exercise of derivative security at price 5.50 per share.D2022-11-22Chief Executive Officer93.51k
DICKSON JOHN JSale at price 48.76 per share.D2022-11-15Chief Operating Officer890
DICKSON JOHN JSale at price 40.64 per share.D2022-09-09Chief Operating Officer1.02k
EDWARDS JOEL GEORGEConversion of Exercise of derivative security at price 4.25 per share.D2022-08-29Chief Financial Officer2k
KEITHLEY RUSS ASale at price 40.87 per share.I2022-08-03Officer3.65k
QUEYROUZE CURTStock Award(Grant) at price 0.00 per share.D2022-06-01President60k
DELORIER RILLA SStock Award(Grant) at price 0.00 per share.D2022-05-24Director939
HOVDE STEVEN DStock Award(Grant) at price 0.00 per share.D2022-05-24Director and Beneficial Owner of more than 10% of a Class of Security939
LANE THOMAS DStock Award(Grant) at price 0.00 per share.D2022-05-24Director939
TISDEL GREGORY AStock Award(Grant) at price 0.00 per share.D2022-05-24Director939
SKOTDAL ANDREW PStock Award(Grant) at price 0.00 per share.D2022-05-24Director939
ADAMS CHRISTOPHER DAVIDStock Award(Grant) at price 0.00 per share.D2022-05-24Director1.48k
KLEE STEPHANStock Award(Grant) at price 0.00 per share.D2022-05-24Director1.07k
AKELLA-MISHRA SADHANAStock Award(Grant) at price 0.00 per share.D2022-05-24Director1.01k
UNGER PAMELAStock Award(Grant) at price 0.00 per share.D2022-05-24Director939
PATTERSON MICHAEL ROBERTStock Award(Grant) at price 0.00 per share.D2022-05-24Director1.21k
LANE THOMAS DPurchase at price 39.42 per share.D2022-05-09Director1.28k
LANE THOMAS DPurchase at price 41.81 - 42.17 per share.D/I2022-05-02Director1.6k
SKOTDAL ANDREW PPurchase at price 41.69 per share.I2022-04-29Director482
DICKSON JOHN JConversion of Exercise of derivative security at price 5.50 - 6.50 per share.D2022-03-18Chief Operating Officer1.2k
DICKSON JOHN JStock Award(Grant) at price 0.00 per share.D2022-01-25Chief Operating Officer2.18k
EDWARDS JOEL GEORGEStock Award(Grant) at price 0.00 per share.D2022-01-25Chief Financial Officer3.2k
SPRINK ERIC MStock Award(Grant) at price 0.00 per share.D2022-01-25Chief Executive Officer14.23k
KEITHLEY RUSS AStock Award(Grant) at price 0.00 per share.D2022-01-25Officer2.18k
DICKSON JOHN JConversion of Exercise of derivative security at price 7.10 - 14.91 per share.D2022-01-24Chief Operating Officer1.05k
DICKSON JOHN JStock Gift at price 52.02 per share.D2022-01-14Chief Operating Officer1.2k
DICKSON JOHN JConversion of Exercise of derivative security at price 7.20 - 14.91 per share.D2022-01-14Chief Operating Officer1.05k
EDWARDS JOEL GEORGEConversion of Exercise of derivative security at price 4.25 per share.D2022-01-14Chief Financial Officer4k
SKOTDAL ANDREW PPurchase at price 40.50 per share.I2021-12-17Director24.69k
PATTERSON MICHAEL ROBERTPurchase at price 40.50 per share.D2021-12-17Director500
LANE THOMAS DStock Gift at price 42.81 per share.D2021-12-15Director50k
DICKSON JOHN JStock Gift at price 44.57 per share.D2021-12-07Chief Operating Officer1.3k
DICKSON JOHN JSale at price 37.40 - 38.00 per share.D2021-10-29Chief Operating Officer3.4k
SPRINK ERIC MStock Award(Grant) at price 0.00 per share.D2021-10-04Chief Executive Officer100k
DALE ANDREW RSale at price 29.50 per share.D2021-09-10Former12.5k
SKOTDAL ANDREW PStock Award(Grant) at price 0.00 per share.D2021-08-19Director388
SKOTDAL ANDREW PStock Gift at price 29.55 per share.D/I2021-08-13Director5.23k
DICKSON JOHN JConversion of Exercise of derivative security at price 5.50 - 14.91 per share.D2021-05-24Chief Operating Officer2.25k
DELORIER RILLA SStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
HOVDE STEVEN DStock Award(Grant) at price 0.00 per share.D2021-05-24Director and Beneficial Owner of more than 10% of a Class of Security490
LANE THOMAS DStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
TISDEL GREGORY AStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
SKOTDAL ANDREW PStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
ADAMS CHRISTOPHER DAVIDStock Award(Grant) at price 0.00 per share.D2021-05-24Director816
KLEE STEPHANStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
AKELLA-MISHRA SADHANAStock Award(Grant) at price 0.00 per share.D2021-05-24Director490
UNGER PAMELAStock Award(Grant) at price 0.00 per share.D2021-05-24Director490

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Coastal Financial Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Coastal Financial Corp

Here is the result of two systematic investment strategies applied to Coastal Financial Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Coastal Financial Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Coastal Financial Corp:

Coastal Financial Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 142.66% on the backtest period.

Performance at glance

Performance

142.66 %

Latent gain

2171.41 $

Invested capital

1522.07 $

Annualized return

40.99 %
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Momentum strategy results on Coastal Financial Corp

This is the result of two momentum investment strategies applied to Coastal Financial Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Coastal Financial Corp

The following chart shows all the entries opened by the momentum investment system on Coastal Financial Corp:

Coastal Financial Corp momentum entries
  • The first momentum investment strategy would give 176.42% of return on Coastal Financial Corp. That represents 9260.88$ of latent gain with 5249.22$ of employed capital.
  • The second momentum investment strategy would give 177.37% of return on Coastal Financial Corp. That represents 5314.17$ of latent gain with 2996.16$ of employed capital.
Performance at glance (1Q Momentum)

Performance

176.42 %

Latent gain

9260.88 $

Invested capital

5249.22 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

177.37 %

Latent gain

5314.17 $

Invested capital

2996.16 $

Annualized return

59.12 %

Momentum equity curve on Coastal Financial Corp

The following chart shows the equity curve of the two momentum strategies applied to Coastal Financial Corp:

Coastal Financial Corp momentum equity

Note: the dividends potentially given by Coastal Financial Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Coastal Financial Corp

The following chart shows the employed capital evolution of the two momentum strategies on Coastal Financial Corp since the beginning:

Coastal Financial Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Coastal Financial Corp

Buy the dip entry openings on Coastal Financial Corp

Coastal Financial Corp

The performance achieved by the robo-advisor on Coastal Financial Corp is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Coastal Financial Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Coastal Financial Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Coastal Financial Corp

The following chart shows the result of the investment strategy applied to Coastal Financial Corp:

Coastal Financial Corp

Note: the dividends potentially given by Coastal Financial Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Coastal Financial Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Coastal Financial Corp:

Coastal Financial Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Coastal Financial Corp

In this section, I will compare the three previous investment strategies applied to Coastal Financial Corp.

Equity curve comparison on Coastal Financial Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Coastal Financial Corp investment strategy comparison

Employed capital comparison on Coastal Financial Corp

Coastal Financial Corp investment comparison

Performance comparison on Coastal Financial Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 142.66% 2171.41$ 1522.07$ 40.99%
Momentum 1 quarter 176.42% 9260.88$ 5249.22$ 54.45%
Momentum 2 quarters 177.37% 5314.17$ 2996.16$ 59.12%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

40.99 %

Momentum 1Q

59.12 %

Momentum 2Q

59.12 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Coastal Financial Corp:

Positive correlations

Most correlated stocks this year

  • Coastal Financial Corp

  • Most correlated stocks last 3 months

  • iShares U.S. Medical Devices ETF
  • Coastal Financial Corp

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • INTL CEMENT^

  • Note: The algorithm computes the probability of correlation between Coastal Financial Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Coastal Financial Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Coastal Financial Corp
    Country United States
    City Everett
    Address 5415 Evergreen Way
    Phone 425 257 9000
    Website www.coastalbank.com
    FullTime employees 442
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker CCB
    Market www.nasdaq.com

    Coastal Financial Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown