Coastal Financial falls after CFO resigns

Coastal Financial (EVERETT)

23/07/2026 16:58

** Shares of lender Coastal Financial Corporation CCB.O fall 7% to $72.08 
** CCB, late on Wednesday, said CFO Brandon Soto has resigned from the position
** Joel Edwards, CFO of CCB from 2012 until his retirement in 2025, will be the interim CFO, effective August 15
** CCB says it will commence search for a permanent CFO and consider both internal and external candidates
** Four of four analysts rate stock "strong buy" or "buy"; their median PT is $105 - data compiled by LSEG
** Including session's move, stock down about 40% YTD    


 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))