Brevan Howard Capital Management Adds $2M in Coastal Financial Corporation ($CCB)

Brevan Howard Capital Management has increased its position in Coastal Financial Corporation (NasdaqGS:CCB) by 18.2%, according to its latest 13F filing with the SEC. The fund added 20,000 shares during the reporting period, bringing its total holdings to 130,000 shares, valued at approximately $9.56 million.

What Changed in Brevan Howard Capital Management's Coastal Financial Position

Brevan Howard Capital Management boosted its stake in Coastal Financial Corporation by 20,000 shares, growing its total to 130,000 shares. This marks an 18.2% increase in its holdings, with the shares valued at about $9.56 million. Prior to this change, the fund held 110,000 shares.

Other Institutional Activity in Coastal Financial

T. Rowe Price Investment Management, Inc. increased its holdings by 5,193 shares, ending with 1,275,034 shares worth approximately $97.03 million. BlackRock, Inc. reduced its position by 10,966 shares, bringing its total to 973,859 shares valued at $74.11 million. Azora Capital LP added 40,373 shares, resulting in 658,617 shares worth about $50.12 million. Vanguard Capital Management LLC established a position with 562,222 shares valued at $42.79 million. State Street Corp significantly increased its holdings by 112,131 shares, finishing with 554,958 shares worth $42.23 million.

Coastal Financial Corporation Stock Up 59.9%

Shares of Coastal Financial Corporation (NasdaqGS:CCB) traded around $73.53. The company has a market cap of approximately $1.12 billion and a P/E ratio of 22.91. Its 52-week low is $66.5, with a high of $120.05. The stock's 50-day moving average is $75.35, while the 200-day moving average is $95.25. Coastal Financial has a beta of 0.732, indicating lower volatility compared to the market.

Recent Earnings

Coastal Financial reported revenue of $363.32 million with a growth rate of 17%. The company achieved a net margin of 13.56% and a return on equity (ROE) of 10.34%. The next earnings report is scheduled for July 29, 2026.

Insider Buying and Selling at Coastal Financial Corporation

On June 2, 2026, Brian Hamilton, President of CCBX, sold 230 shares at an average price of $71.42. Additionally, under a planned sale, he sold 7,000 shares at the same price. On May 26, 2026, insiders Gregory Tisdel, Michael Robert Patterson, Thomas Lane, and Rilla Delorier each bought shares, with Tisdel, Patterson, Lane, and Delorier purchasing 1,193, 1,404, 1,474, and 1,193 shares, respectively.

Analysts Set New Price Targets

On May 1, 2026, Keefe, Bruyette & Woods maintained its buy rating on Coastal Financial with a price target of $95. TD Cowen also maintained a buy rating with a target of $120 on April 30, 2026. The consensus among analysts is a buy rating, with a mean price target of $106.25 based on four opinions.

About Coastal Financial Corporation

Coastal Financial Corporation, based in Everett, Washington, is the bank holding company for Coastal Community Bank. It provides a variety of banking products and services to consumers and businesses in the Puget Sound region. The bank offers deposit products, commercial and industrial loans, real estate loans, and consumer loans. It also provides online and mobile banking, remote deposit capture, and treasury services. Eric M. Sprink serves as the CEO, and the company employs around 496 people.

Bottom Line

The recent increase in Brevan Howard Capital Management's stake in Coastal Financial Corporation reflects a growing interest in the regional bank. Investors track these filings for insights into fund managers' confidence in a company's prospects, although it's important to remember that 13F filings are backward-looking and may not represent current positions.