Why the growth investor may take a look at COASTAL FINANCIAL CORP/WA (NASDAQ:CCB).

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if COASTAL FINANCIAL CORP/WA (NASDAQ:CCB) is suited for growth investing. Investors should of course do their own research, but we spotted COASTAL FINANCIAL CORP/WA showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Why NASDAQ:CCB may be interesting for canslim investors.

• The EPS of COASTAL FINANCIAL CORP/WA has exhibited growth from one quarter to another (Q2Q), with a 29.33% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The q2q revenue growth of 57.76% of COASTAL FINANCIAL CORP/WA highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• COASTAL FINANCIAL CORP/WA has achieved 38.16% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• COASTAL FINANCIAL CORP/WA has a healthy Return on Equity(ROE) of 12.31%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• COASTAL FINANCIAL CORP/WA has achieved an impressive Relative Strength (RS) rating of 95.47, showcasing its ability to outperform the broader market. This strong performance positions COASTAL FINANCIAL CORP/WA as an attractive stock for potential price appreciation.
• With a current Debt-to-Equity ratio at 0.14, COASTAL FINANCIAL CORP/WA showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• COASTAL FINANCIAL CORP/WA demonstrates a balanced ownership structure, with institutional shareholders at 61.21%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Deciphering the Technical Picture of NASDAQ:CCB

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Overall CCB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCB is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that CCB is one of the better performing stocks in the market, outperforming 95% of all stocks.
• CCB is one of the better performing stocks in the Banks industry, it outperforms 98% of 407 stocks in the same industry.
• CCB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CCB is performing more or less in line with the market.
• In the last month CCB has a been trading in the 73.80 - 86.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
• Volume is considerably higher in the last couple of days.

For an up to date full technical analysis you can check the technical report of CCB

Zooming in on the fundamentals.

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

Overall CCB gets a fundamental rating of 4 out of 10. We evaluated CCB against 407 industry peers in the Banks industry. Both the profitability and financial health of CCB have multiple concerns. CCB is not priced too expensively while it is growing strongly. Keep and eye on this one!

Our latest full fundamental report of CCB contains the most current fundamental analsysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.