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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Jan. 20, 11:46 PM

Slide #20. Coastal Financial Corporation Secondary Offering

Company: Coastal Financial Corporation (NASDAQ:CCB)
Date announced: 12/13/2021
Shares Offered: 740,742
Date of Pricing: 12/14/2021
Price Per Share: $40.50
Secondary Offering Details: Coastal Financial Corporation (NASDAQ: CCB) ("Coastal" or the "Company"), the holding company for Coastal Community Bank (the "Bank"), today announced the launch of an underwritten public offering of $30.0 million of its common stock. Coastal expects to grant the underwriters a 30-day option to purchase up to an additional $4.5 million of its common stock. -updated 12/14- Coastal Financial Corporation (NASDAQ: CCB) ("Coastal" or the "Company"), the holding company for Coastal Community Bank (the "Bank"), today announced the pricing of an underwritten public offering of 740,742 shares of its common stock at a price to the public of $40.50 per share. Coastal also granted the underwriters a 30-day option to purchase up to an additional 111,111 shares of its common stock.

Coastal Financial is a bank holding company. Through its wholly owned subsidiary, Coastal Community Bank, Co. provides a range of banking products and services to consumers and small to medium-sized businesses in the Puget Sound region in Washington. Co. focuses on commercial lending. Co. provides a variety of loans to business owners, including commercial and industrial loans and commercial real estate loans secured by owner-occupied commercial properties. Co. also provides non-owner occupied commercial real estate loans, multi-family loans, and construction and development loans to investors and developers. In addition, Co. provides residential real estate loans consumer loans.

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Company Name: 
Coastal Financial Corp (WA)
Website: 
www.coastalbank.com
Sector: 
Banking & Savings
Number of ETFs Holding CCB: 
12
Total Market Value Held by ETFs: 
$33.87M
Total Market Capitalization: 
$613.00M
% of Market Cap. Held by ETFs: 
5.53%
 

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Strong Buy (3.67 out of 4)
57th percentile
(ranked higher than approx. 57% of all stocks covered)

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