Coastal Financial saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 91 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Coastal Financial has now climbed above a proper buy zone after clearing the 54.00 buy point in a flat base. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
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The stock has a 92 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 29% earnings-per-share gain for Q3. That marks three straight quarters of rising EPS performance. Revenue growth rose 57%, up from 13% in the prior report. That marks one quarter of increasing revenue gains.
Coastal Financial earns the No. 2 rank among its peers in the Finance-Commercial Loans industry group. Esquire Finl Hldgs is the top-ranked stock within the group.
