BUZZ-Coastal Financial expects a rebound after Monday's sell-off

September 29 - ** Community bank Coastal Financial (CCB.O) shares rose 4.9% to $39.37 on Monday after selling pressure earlier in the day

** On Monday, U.S. regional lender Valley National Bancorp (VLY.O) announced it would acquire its fintech partner Bluevine for about $340 million (link), causing its stock to plunge 16%

** After completion of the deal (expected in early 2027), Bluevine's current partner banking relations are planned to end

** “We believe this announcement is a minor negative for CCB, as it confirms that CCBX’s established and fast-growing partnership will ultimately shift to Valley after the acquisition closes,” said Raymond James analyst Joseph Yanchunis

** Stephens analyst Andrew Terrell believes that the impact of VLY acquiring Bluevine is not as significant as Monday’s market movement suggested

** All four brokerages covering the stock have given it a “buy” or higher rating; the median target price is $51.50—data compiled by LSEG

** As of the previous trading session’s close, CCB shares were down 67% year-to-date

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