Coastal Banking Company Inc. Named to 2016 OTCQX Best 50
One of Only 10 Companies Ranking in the Best 50 Two Consecutive Years
BEAUFORT, SC / ACCESSWIRE / February 17, 2016 / Coastal Banking Company Inc. (OTCQX: CBCO) is pleased to announce it has been named to the 2016 OTCQX(R) Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This marks the second consecutive year that Coastal Banking Company Inc. has received this recognition, having ranked on the inaugural OTCQX Best 50 in 2015. Coastal is one of only 10 companies to achieve the Best 50 ranking two years running.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2016 OTCQX Best 50 were ranked based on their performance in 2015.
"We are gratified once again to be named to the OTCQX(R) Best 50," said Michael G. Sanchez, chief executive officer. "Achieving this distinction two consecutive years - and being one of only 10 companies to do so - is a testament to the performance of our company, and our people, in delivering strong operating results in 2014 and 2015. The increased exposure gained from trading on the OTCQX marketplace, combined with the improved liquidity and price stability of our stock, along with our strong, steady earnings, continue to benefit our shareholders."
For the complete 2016 OTCQX Best 50 ranking, visit http://www.otcmarkets.com/content/doc/2016-OTCQX-Best-50.pdf.
The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.
More About Coastal Banking Company: www.coastalbanking.com