News
CFO Joel Edwards sells Coastal Financial Corp (CCB) shares
On May 24, 2024, Joel Eduardothe Chief Financial Officer of Coastal Financial Corp (NASDAQ:CCB), sold 12,414 company shares. The transaction was documented in a SEC Filing. After this sale, the insider now owns 44,989 shares of Coastal Financial Corp.
Coastal Financial Corp, headquartered in Everett, Washington, operates as the bank holding company for Coastal Community Bank, which provides a variety of banking services to small and medium-sized businesses, professionals and individuals. The company offers a range of deposit and loan products along with other banking services.
The shares were sold at a price of US$43.5 each, valuing the transaction at approximately US$539,511. This sale is part of a broader trend seen over the past year where there were no insider purchases but five insider sales at Coastal Financial Corp.
O market value from Coastal Financial Corp is $595.289 million. The company price-earnings ratio is 15.51, which is above the industry median of 9.61. This suggests a higher valuation compared to the industry average.
According to FG Value, Coastal Financial Corp’s intrinsic value is estimated at $118.00 per share, making the stock significantly undervalued with a GF price-to-value ratio of 0.37. This assessment considers historical trading multiples, adjustments based on the company’s past performance and future business projections.
Insider Selling: CFO Joel Edwards Sells Coastal Financial Corp (CCB) Shares
Insider trading trends and current valuation metrics suggest notable activity and valuation context for potential investors. GF Value indicates significant undervaluation, which could be an interesting point for market watchers.
Insider Selling: CFO Joel Edwards Sells Coastal Financial Corp (CCB) Shares
This article, generated by GuruFocus, is designed to provide general insights and is not personalized financial advice. Our comments are based on historical data and analyst projections, using an unbiased methodology, and are not intended to serve as specific investment advice. It does not make a recommendation to purchase or dispose of any shares and does not consider individual investment objectives or financial circumstances. Our goal is to provide data-driven, long-term fundamental analysis. Please be aware that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus does not hold any position in the stocks mentioned here.
This article first appeared in GuruFocus.