BNP Paribas Arbitrage SA Grows Position in Coastal Financial Corporation (NYSE:CCB)

BNP Paribas Arbitrage SA increased its holdings in shares of Coastal Financial Corporation (NYSE:CCB) by 808.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,535 shares of the company’s stock after acquiring an additional 1,366 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Coastal Financial were worth $26,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. acquired a new stake in shares of Coastal Financial in the 4th quarter valued at approximately $42,000. New York State Common Retirement Fund acquired a new stake in Coastal Financial during the 4th quarter worth approximately $61,000. First Bank & Trust acquired a new stake in Coastal Financial during the 1st quarter worth approximately $86,000. Bank of New York Mellon Corp acquired a new stake in Coastal Financial during the 3rd quarter worth approximately $191,000. Finally, Geode Capital Management LLC boosted its position in Coastal Financial by 14.3% during the 4th quarter. Geode Capital Management LLC now owns 25,438 shares of the company’s stock worth $387,000 after buying an additional 3,181 shares during the period.

NYSE:CCB remained flat at $$15.35 during mid-day trading on Friday. 9,057 shares of the company traded hands, compared to its average volume of 14,670. The company’s fifty day moving average price is $15.93. Coastal Financial Corporation has a twelve month low of $11.85 and a twelve month high of $18.90.

Coastal Financial (NYSE:CCB) last posted its earnings results on Friday, April 26th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $11.75 million for the quarter.

Coastal Financial Company Profile

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small to medium sized businesses in the Puget Sound region in Washington. It generates a range of deposit products, including checking and savings accounts, time deposits, and money market accounts.

Further Reading: Current Ratio

Institutional Ownership by Quarter for Coastal Financial (NYSE:CCB)

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