Brevan Howard Capital Management Adds $1M in Coastal Financial Corporation ($CCB)
Key Points
- Brevan Howard Capital Management changed its Coastal Financial Corporation ($CCB) stake by 18.18% last quarter, boosting to 130,000 shares worth $9.56 million.
- $CCB last traded around $73.53.
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Brevan Howard Capital Management increased its position in Coastal Financial Corporation ($CCB) by 18.18% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,000 shares of Coastal Financial Corporation after buying 20,000 shares during the quarter. Brevan Howard Capital Management's holdings in Coastal Financial Corporation were worth $9.56 million as of its most recent filing.
Coastal Financial Corporation Stock Up 51.7%
Shares of Coastal Financial Corporation ($CCB) traded around $73.53 on Saturday, up 51.7% for the day.
Coastal Financial Corporation Earnings
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About Coastal Financial Corporation
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to consumers and small and medium-sized businesses in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction and development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows digital financial service partners to offer their customers banking services. The company was founded in 1997 and is headquartered in Everett, Washington.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.