Coastal Financial Corp. Hits Day Low at $74.98 Amid Price Pressure

Coastal Financial Corp. (Washington) experienced significant activity on February 23, 2026, with the stock hitting an intraday low of USD 74.98, reflecting a decline of 9.91% for the day. This performance marks a stark contrast to the S&P 500, which gained 0.69% during the same period. Over the past week, Coastal Financial has seen a decrease of 9.37%, and its one-month performance shows a notable decline of 32.05%. Despite these short-term challenges, the company has demonstrated high profitability, boasting a net interest margin of 52.40%. Coastal Financial has reported positive results for the last three consecutive quarters, with operating cash flow reaching a peak of USD 263.05 million and net interest income at USD 76.74 million. The stock's valuation appears expensive, with a price-to-book ratio of 3.39, while it trades at a discount compared to its peers. Institutional holdings remain strong at 85.66%, indicating confidence from larger investors. However, the stock has underperformed the market over the past year, generating a return of -15.54% compared to the S&P 500's 12.95%.