336,940 Shares in CoastalSouth Bancshares, Inc. $COSO Acquired by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. acquired a new position in shares of CoastalSouth Bancshares, Inc. (NYSE:COSO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 336,940 shares of the company’s stock, valued at approximately $7,349,000. CoastalSouth Bancshares makes up 2.2% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 18th biggest holding. Endeavour Capital Advisors Inc. owned approximately 2.81% of CoastalSouth Bancshares as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in CoastalSouth Bancshares in the third quarter valued at about $3,212,000. JPMorgan Chase & Co. bought a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at about $67,000. Rhumbline Advisers acquired a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $91,000. ELCO Management Co. LLC acquired a new stake in shares of CoastalSouth Bancshares in the 3rd quarter valued at approximately $242,000. Finally, New York State Common Retirement Fund bought a new position in CoastalSouth Bancshares during the 3rd quarter worth approximately $41,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COSO. Piper Sandler increased their target price on shares of CoastalSouth Bancshares from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of CoastalSouth Bancshares in a research report on Thursday, January 22nd. Zacks Research upgraded CoastalSouth Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Wall Street Zen raised CoastalSouth Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

CoastalSouth Bancshares Price Performance

COSO opened at $25.09 on Thursday. CoastalSouth Bancshares, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $26.29. The company has a market capitalization of $300.58 million and a price-to-earnings ratio of 14.85. The firm’s 50-day moving average price is $24.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.80.

CoastalSouth Bancshares (NYSE:COSO) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). The business had revenue of $22.16 million for the quarter, compared to analysts’ expectations of $22.30 million.

CoastalSouth Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, February 12th. CoastalSouth Bancshares’s dividend payout ratio (DPR) is 11.83%.

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.