Coastal Financial rises as insiders buy over $1 million worth of shares

Coastal Financial (EVERETT)

10/08/2026 15:18

** Community lender Coastal Financial's CCB.O shares rise as much as 5.6%, last up 3.6% at $46.97
** CCB vice chairman Steven Hovde, CEO Eric Sprink, and executive chairman Christopher Adams bought over $1 million worth of CCB shares last week, according to regulatory filings late Friday
** Steven Hovde, CCB's top shareholder, led the way and bought  $658,300 worth of shares
** CCB stock plunged 43.5% on July 30 after large credit expense drove Q2 loss
** Buybacks and insider buying are the strongest signals companies can send to the market, according to analysts
** All four brokerages covering the stock rate "buy" or higher; median PT $49 - data compiled by LSEG
** As of last close, CCB stock down 60.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))