Coastal Financial Stock: Slashing The EPS Estimate And Downgrading To Sell (NASDAQ:CCB)

I adopted a hold rating on Coastal Financial Corporation (NASDAQ: CCB ) in my last report released in March. Since then, the stock price has shot up, but the company’s earnings have actually missed my expectations. Due toAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...