Insider Purchase

On August 6, 2026, Coastal Financial Corp (NASDAQ: CCB) CEO and director Eric M Sprink purchased 10,000 shares of the company’s common stock for a total consideration of $444,500, at a price of $44.45 per share. The transaction follows a 51% decline in the stock over the past year, though the share price had rebounded nearly 8% in the prior week to $52.47, and analysts consider the stock undervalued with a fair value of $56.18.

Post‑Purchase Holdings

After the acquisition, Sprink directly holds 173,238 shares of Coastal Financial common stock. Indirect holdings comprise 885 shares held by his spouse and 400 shares each held in custodial accounts for three children, bringing his total indirect holdings to 1,200 shares, for an aggregate of 174,438 shares held indirectly and directly combined. His direct holdings include 26,351 time‑based restricted stock units (RSUs) granted under the 2018 Omnibus Incentive Plan, scheduled to vest in installments: 12,315 units across four remaining installments, 3,165 units across three installments, 6,688 units across two installments, and 4,183 units in a single remaining installment. Additionally, Sprink holds 100,000 performance‑based RSUs that will vest on October 4, 2027, contingent upon the achievement of specified performance goals, each unit representing the right to receive one share of common stock upon vesting.

Q2 2026 Financial Results

Coastal Financial reported a second‑quarter 2026 loss of $2.76 per share, contrasting sharply with analysts’ consensus expectation of a $1.01 profit per share. Revenue for the quarter reached $178.07 million, exceeding the consensus forecast of $148.5 million. GAAP net loss amounted to $42.1 million, driven primarily by a $46 million valuation adjustment and a $23 million specific reserve related to a CCBX partner. The company also incurred a $68.8 million pre‑tax charge, which included a $22.8 million provision for credit losses and a $46 million write‑down of its credit‑enhancement asset.

Analyst Rating Adjustments

Following the earnings release, Raymond James reduced its price target for Coastal Financial to $50, down from $100, and downgraded the rating to Outperform. TD Cowen also lowered its price target to $47, down from $110, while maintaining a Buy rating.