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Coastal Financial ( (CCB) ) has issued an update.
On May 7, 2025, Coastal Financial Corporation announced the upcoming retirement of Joel G. Edwards, their Executive Vice President and Chief Financial Officer. Edwards will retire upon the appointment of a new CFO or by October 1, 2025, whichever comes first. His departure is amicable, and he is recognized for his contributions to the company’s strong financial position. To ensure a smooth transition, Edwards will continue full-time until October 1, 2025, and part-time until April 1, 2026, under a Retirement and Retention Agreement. This agreement includes provisions for salary, bonuses, and stock options, with severance benefits if his employment is terminated without cause during the retention period.
Spark’s Take on CCB Stock
According to Spark, TipRanks’ AI Analyst, CCB is a Neutral.
Coastal Financial’s strong revenue growth and solid balance sheet position it for future growth, but recent challenges with profitability and cash flow dampen its performance. Technical indicators suggest bearish trends, while valuation metrics indicate the stock is fairly priced. The absence of dividend yield may limit its appeal to certain investors.
To see Spark’s full report on CCB stock, click here.
More about Coastal Financial
Average Trading Volume: 127,083
Technical Sentiment Signal: Buy
Current Market Cap: $1.19B
For a thorough assessment of CCB stock, go to TipRanks’ Stock Analysis page.