Summary

• Coastal Financial Corporation (CCB) has shown strong technical indicators, including 100% buy signals, a 158.73% gain in the last year, and a Trend Seeker buy signal..

• The company offers diverse banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region, Washington..

• Fundamental factors are robust, with a market cap of $1.34 billion, a P/E ratio of 28.27, and significant revenue and earnings growth expected over the next two years..

• Analysts are generally positive, with 3 strong buy and 1 buy ratings, although some sources like MorningStar consider the stock overvalued by 25%.

The Chart of the Day belongs to the North Western regional bank based in Washington, Coastal Financial (CCB) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/28 the stock gained 14.32%.

CCB Price vs Daily Moving Averages

CCB (Barchart)

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. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, 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 personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, 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 customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 175.07+ Weighted Alpha
• 158.73% gain in the last year
• 1.23 - 60 month Beta
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 14.32% in the last month
• Relative Strength Index 73.59%
• Technical support level at $97.02
• Recently traded at $98.73 with 50 day moving average of $86.60

Fundamental Factors:

• Market Cap $1.34 billion
• P/E 28.27
• Revenue expected to grow 24.32% this year and another 35.73% next year
• Earnings estimated to increase 48.92% this year and an additional 55.11% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 3 strong buy and 1 buy opinion on the stock with a consensus price target of $100.00
• Value Line has an above average rating on the stock
• CFRAs MarketScope rates the stock a hold
• MorningStar thinks the stock is 25% over valued
• Only 1 investor is following the stock on Motley Fool and thinks the stock will beat the market
• 812 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.