Coastal Financial Corporation (Nasdaq:CCB) is the holding company for Coastal Community Bank in Washington. They offer their various banking products and services to small to medium-sized businesses, professionals, and individuals. Currently, they have netted over USD 40 million with USD 3.14 billion in total assets across 14 branches.
Comps: Central Pacific Financial Corp. (NYSE:CPF), Luther Burbank Corporation (Nasdaq:LBC)
If we are looking to compare Coastal Financial Corporation to two other banking operations of similar size, they beat both in earnings per share, returns on equity, and revenue growth year-over-year. Moreover, they have raked in more revenue and maintain significantly better profit margins than Luther Burbank Corporation. Despite not providing a yield like these other two firms, their relative book size offers a big opportunity for investors