CoastalSouth Bancshares, Inc. (NYSE:COSO) Short Interest Down 37.9% in January

CoastalSouth Bancshares, Inc. (NYSE:COSO) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 88,146 shares, a decrease of 37.9% from the December 31st total of 142,032 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 72,593 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 72,593 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are short sold.

Analyst Ratings Changes

COSO has been the subject of a number of recent analyst reports. Zacks Research raised shares of CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of CoastalSouth Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

CoastalSouth Bancshares Price Performance

NYSE:COSO traded up $0.12 during midday trading on Friday, reaching $23.90. 80,209 shares of the company traded hands, compared to its average volume of 77,835. The firm has a fifty day moving average of $23.48. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $286.32 million and a price-to-earnings ratio of 14.14. CoastalSouth Bancshares has a twelve month low of $19.24 and a twelve month high of $25.56.

CoastalSouth Bancshares (NYSE:COSO) last posted its quarterly earnings results on Tuesday, January 20th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). The firm had revenue of $22.16 million for the quarter, compared to analyst estimates of $22.30 million.

CoastalSouth Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COSO. New York State Common Retirement Fund bought a new stake in CoastalSouth Bancshares in the 3rd quarter valued at about $41,000. BNP Paribas Financial Markets bought a new stake in CoastalSouth Bancshares in the 3rd quarter valued at about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in CoastalSouth Bancshares during the 3rd quarter worth about $47,000. JPMorgan Chase & Co. bought a new position in shares of CoastalSouth Bancshares in the third quarter worth $67,000. Finally, Rhumbline Advisers bought a new stake in CoastalSouth Bancshares during the third quarter valued at approximately $91,000.

CoastalSouth Bancshares Company Profile

CoastalSouth Bancshares, Inc is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market.