CoastalSouth Bancshares, Inc. (NYSE:COSO) Increases Dividend to $0.06 Per Share

CoastalSouth Bancshares, Inc. (NYSE:COSO) declared a quarterly dividend on Monday, October 19th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.06 per share on Tuesday, November 24th. This represents a $0.24 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, November 10th. This is a 20.0% increase from CoastalSouth Bancshares’s previous quarterly dividend of $0.05.

CoastalSouth Bancshares Trading Down 0.7%

Shares of CoastalSouth Bancshares stock opened at $26.47 on Tuesday. CoastalSouth Bancshares has a fifty-two week low of $20.80 and a fifty-two week high of $28.56. The firm has a market cap of $316.28 million, a PE ratio of 12.01 and a beta of 0.07. The business’s fifty day moving average is $27.14 and its two-hundred day moving average is $26.52. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

CoastalSouth Bancshares (NYSE:COSO) last posted its quarterly earnings data on Monday, October 19th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.12. The business had revenue of $24.86 million for the quarter. CoastalSouth Bancshares had a return on equity of 10.57% and a net margin of 19.59%. Analysts anticipate that CoastalSouth Bancshares will post 2.33 earnings per share for the current year.

About CoastalSouth Bancshares

CoastalSouth Bancshares, Inc is a bank holding company that operates through its wholly owned subsidiary, Coastal States Bank. The company provides community banking services to individuals, families, businesses and nonprofit organizations.

Coastal States Bank offers a range of deposit products, commercial and consumer lending, mortgage lending, cash-management and treasury services, online and mobile banking, and other traditional banking solutions. Its lending activities include commercial real estate, business, residential mortgage and consumer loans.

Founded in 2003, CoastalSouth Bancshares serves communities in coastal South Carolina and Georgia, including the Hilton Head Island and Savannah markets.