Coastal Financial Corp (CCB) reported a Form 4 filing showing Chief Financial Officer Joel G Edwards sold 1,300 shares of common stock on January 26, 2026. The transaction, executed at $111.34 per share, generated $144,742 in proceeds, according to the filing.
Since the sale, Coastal Financial shares have retreated to $100.95, a 9.3% decline from the trade price. Separately, data cited from InvestingPro indicates the stock experienced a 12.8% decline over the prior week.
Following the January 26 disposition, Edwards directly holds 11,462 shares of Coastal Financial. That total includes 5,656 time-based restricted stock units - each representing the right to receive one share of common stock upon vesting. Of those RSUs, 1,424 are scheduled to vest on February 5, 2026, and 4,232 are scheduled to vest on April 1, 2026.
The filing notes the sale was undertaken to satisfy withholding tax obligations tied to the vesting of restricted stock units.
Coastal Financial is publicly valued at approximately $1.53 billion in market capitalization. The stock trades at a price-to-earnings ratio of 31.8, and InvestingPro data records a PEG ratio of 5.35, metrics that the data provider indicates are high relative to near-term earnings growth.
Investors may place particular attention on the timing: Coastal Financial is due to announce quarterly results in five days, with an earnings release set for February 3, 2026.
Analysts remain generally positive on the company. Consensus research coverage classifies Coastal Financial as a "Strong Buy," with price targets spanning $125 to $155. In a recent update, TD Cowen raised its target to $155 from $140 while retaining a Buy rating. TD Cowen characterized Coastal Financial as approaching an inflection in its earnings-per-share growth, describing the pattern as a "J-Curve" and highlighting an acceleration in expected earnings.
These analyst views reflect continued optimism about the company’s prospective financial trajectory even as the stock has shown short-term weakness. The insider sale and the forthcoming earnings report present concurrent items for investors to track.
Key points:
- Coastal Financial CFO Joel G Edwards sold 1,300 shares on January 26, 2026, for $144,742 to cover withholding taxes associated with RSU vesting.
- Shares declined to $100.95 after the trade, down 9.3% from the sale price; InvestingPro reports a 12.8% drop over the past week.
- Analysts maintain a Strong Buy consensus with price targets of $125 to $155, and TD Cowen raised its target to $155 while keeping a Buy rating, citing a potential "J-Curve" in EPS growth.
Risks and uncertainties:
- Near-term price volatility - the stock has fallen since the CFO's sale and saw a 12.8% weekly decline per InvestingPro, indicating heightened short-term market movement in the financials sector.
- Earnings risk - Coastal Financial is scheduled to report results on February 3, 2026, creating a near-term catalyst that could move the share price.
- Valuation concerns - the company’s P/E of 31.8 and a PEG ratio of 5.35, as reported by InvestingPro, suggest relatively rich valuation metrics versus near-term earnings growth expectations.