Mon Sep 23 22:30:45 UTC 2024: ## Coastal Financial Director Sells Shares, Company Stock Dips Slightly
**Seattle, WA – September 23, 2024** – Coastal Financial Co. (NASDAQ: CCB) saw a slight dip in its stock price on Monday, following the sale of shares by Director Steven D. Hovde. Hovde sold 2,050 shares on Thursday, September 19th, at an average price of $53.51, for a total value of $109,695.50. This leaves Hovde with 21,950 shares of the company, valued at approximately $1,174,544.50.
CCB stock closed at $51.56 on Monday, down $0.11 from the previous day’s close. While the company’s recent financial performance has been positive, with strong quarterly earnings surpassing analyst expectations, the director’s share sale may have contributed to the slight dip in stock price.
Coastal Financial, a bank holding company for Coastal Community Bank, serves small and medium-sized businesses, professionals, and individuals in Washington’s Puget Sound region. The company’s strong financial performance is reflected in its impressive 52-week high of $54.00, though it has experienced a slight decline from that peak.
Despite the recent share sale and slight dip in stock price, Coastal Financial remains a financially sound company with a positive outlook. The company’s focus on serving the Puget Sound region, coupled with its strong track record of profitability, suggests continued growth and success in the future.
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