Stephens starts CoastalSouth at Overweight on attractive markets

As previously reported, Stephens analyst Russell Gunther initiated coverage of CoastalSouth (COSO) with an Overweight rating and $27 price target The bank boasts scarcity value in the “demographically attractive markets” of the lowcountry of South Carolina and the Atlanta and Savannah metro areas, the analyst tells investors. The recently completed IPO and growth capital supports an above-peer, double-digit commercial-weighted organic loan growth outlook for the bank, the analyst tells investors.