Key Points
- CFO Anthony Valduga sold 4,558 shares on May 6 at an average price of $25.84, generating about $117,779 and reducing his position by 5.03% to 86,115 shares (≈$2.23M).
- CoastalSouth missed estimates in the latest quarter, reporting $0.51 EPS vs. $0.56 expected and $21.71M revenue vs. $22.10M, while analysts hold a "Moderate Buy" consensus with an average target of $30.
- The company declared a $0.05 quarterly dividend (annualized $0.20), with an ex-dividend date of May 14 and payment on May 28, implying a ~0.8% yield.
CoastalSouth Bancshares, Inc. (NYSE:COSO - Get Free Report) CFO Anthony Valduga sold 4,558 shares of CoastalSouth Bancshares stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $25.84, for a total value of $117,778.72. Following the completion of the transaction, the chief financial officer owned 86,115 shares in the company, valued at approximately $2,225,211.60. This represents a 5.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
CoastalSouth Bancshares Trading Up 0.6%
COSO opened at $25.81 on Thursday. The stock has a market capitalization of $305.87 million and a P/E ratio of 11.73. The business has a 50-day moving average of $24.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.84 and a current ratio of 0.93. CoastalSouth Bancshares, Inc. has a 12 month low of $19.24 and a 12 month high of $26.36.
CoastalSouth Bancshares (NYSE:COSO - Get Free Report) last released its quarterly earnings data on Monday, April 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $21.71 million during the quarter, compared to analysts' expectations of $22.10 million. CoastalSouth Bancshares had a return on equity of 10.92% and a net margin of 18.91%. Equities research analysts forecast that CoastalSouth Bancshares, Inc. will post 2.42 earnings per share for the current fiscal year.
CoastalSouth Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be issued a $0.05 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. CoastalSouth Bancshares's payout ratio is currently 9.09%.
Wall Street Analysts Forecast Growth
COSO has been the topic of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of CoastalSouth Bancshares in a report on Thursday, January 22nd. Piper Sandler raised their target price on CoastalSouth Bancshares from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen raised CoastalSouth Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, March 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.00.
Read Our Latest Analysis on COSO
Institutional Trading of CoastalSouth Bancshares
Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of CoastalSouth Bancshares in the fourth quarter worth about $40,000. New York State Common Retirement Fund bought a new stake in CoastalSouth Bancshares during the 3rd quarter valued at approximately $41,000. BNP Paribas Financial Markets bought a new stake in CoastalSouth Bancshares during the 3rd quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in CoastalSouth Bancshares during the 3rd quarter valued at approximately $47,000. Finally, JPMorgan Chase & Co. bought a new stake in CoastalSouth Bancshares during the 3rd quarter valued at approximately $67,000.
About CoastalSouth Bancshares
(
Get Free Report)
CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.
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