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Is Coastal Financial (CCB) a Great Value Stock Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Coastal Financial (CCB - Free Report) . CCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.21 right now. For comparison, its industry sports an average P/E of 10.59. Over the past year, CCB's Forward P/E has been as high as 13.14 and as low as 7.26, with a median of 10.06.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CCB has a P/S ratio of 1.13. This compares to its industry's average P/S of 2.19.
Value investors will likely look at more than just these metrics, but the above data helps show that Coastal Financial is likely undervalued currently. And when considering the strength of its earnings outlook, CCB sticks out at as one of the market's strongest value stocks.
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Is Coastal Financial (CCB) a Great Value Stock Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Coastal Financial (CCB - Free Report) . CCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.21 right now. For comparison, its industry sports an average P/E of 10.59. Over the past year, CCB's Forward P/E has been as high as 13.14 and as low as 7.26, with a median of 10.06.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CCB has a P/S ratio of 1.13. This compares to its industry's average P/S of 2.19.
Value investors will likely look at more than just these metrics, but the above data helps show that Coastal Financial is likely undervalued currently. And when considering the strength of its earnings outlook, CCB sticks out at as one of the market's strongest value stocks.