Coastal Financial Corporation (CCB) 주식 분석

회사 개요

Coastal Financial Corporation functions as a bank holding company that owns Coastal Community Bank, offering a comprehensive array of banking products and services tailored to consumers and small-to-medium-sized enterprises within the Puget Sound region of Washington. The institution operates within the Financial Services sector, specifically categorized under the Banks - Regional industry, which implies a localized focus on serving community needs rather than competing nationally with large universal banks. The company currently maintains a market capitalization of $1.26 billion, generates annual revenue of $349.04 million, and employs a workforce of 483 individuals. These valuation figures indicate that Coastal Financial Corporation holds a significant asset base relative to its employee count, suggesting a substantial operational footprint in the regional banking landscape where market capitalization often reflects the aggregate value of its loan portfolio and deposit liabilities.

재무 건전성

The company reported trailing twelve-month revenue of $349.04 million and net income of $46.99 million, while the EBITDA metric is not disclosed in available data, yet the gap between revenue and net income reveals an operating environment where costs such as loan loss provisions and administrative expenses consume approximately 86.5% of total revenue. Regarding liquidity generation, the available data does not include a free cash flow figure, which means specific metrics on operational cash flexibility derived from cash conversion are not explicitly quantified in this report. The company reports a gross margin of 0.0%, which is standard for financial institutions as revenue is net of interest expenses, followed by an operating margin of 20.0% that highlights efficiency in managing non-interest expenses relative to net interest income. Furthermore, the profit margin stands at 13.5%, indicating that for every dollar of revenue, the company retains 13.5 cents as profit after all operating costs and provisions. In terms of leverage, Coastal Financial Corporation holds cash reserves of $736.97 million against total debt of $53.02 million, while the debt-to-equity ratio is not available, but the substantial cash surplus relative to debt suggests a highly conservative balance sheet structure. Although the current ratio is not provided, the disparity between cash and debt levels inherently points to robust short-term liquidity without needing to rely on the current ratio metric. Return on equity is recorded at 10.1%, demonstrating effective utilization of shareholders' equity to generate returns, whereas the return on assets is 1.1%, which is a typical benchmark for regional banks reflecting the high capital intensity of the lending business.

밸류에이션 평가

The trailing twelve-month P/E ratio is 27.03, while the forward P/E ratio is significantly lower at 10.73, implying that the market expects earnings to increase substantially in the future or that current earnings are suppressed by one-time factors like loan charge-offs. The price-to-book ratio stands at 2.55, indicating that the stock trades at a premium of 155% over its tangible book value, which often reflects market confidence in the quality of the bank's asset portfolio and franchise value. Alternative valuation metrics such as the price-to-sales ratio of 3.60 and the unavailable EV/EBITDA provide context that the company is valued based on its revenue generation capacity rather than traditional cash-flow multiples. The stock has a 52-week high of $120.05 and a 52-week low of $70.72, and without the current share price explicitly listed in the facts, the trading range establishes a volatility band within which the stock has operated over the past year. The beta coefficient is 0.87, meaning the stock's price volatility is 13% lower than the broader market, suggesting it behaves as a relatively defensive equity position compared to the S&P 500.

Growth & Income

Revenue growth year-over-year is 6.4%, whereas earnings growth year-over-year is -12.4%, indicating that earnings are contracting faster than revenue, which typically points to increased cost pressures or elevated loan loss provisions impacting the bottom line. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which signifies that the firm retains all of its earnings to bolster capital reserves and fund organic growth initiatives rather than distributing cash to shareholders. Consequently, the overall growth and income profile is characterized by moderate revenue expansion coupled with a temporary decline in profitability, while the absence of dividend payouts aligns with a capital preservation strategy common in regional banking during periods of earnings compression.