Shares of Yadkin Financial Corp (NYSE:YDKN) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.84.

Separately, Zacks Investment Research downgraded shares of Yadkin Financial Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd.

Shares of Yadkin Financial Corp (NYSE:YDKN) opened at 34.48 on Tuesday. The company’s 50 day moving average price is $32.94 and its 200 day moving average price is $30.41. Yadkin Financial Corp has a one year low of $22.26 and a one year high of $35.24.

In other news, Director David S. Brody sold 8,040 shares of Yadkin Financial Corp stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $34.74, for a total transaction of $279,309.60. Following the completion of the sale, the director now directly owns 9,525 shares of the company’s stock, valued at approximately $330,898.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Adam Abram sold 141,900 shares of Yadkin Financial Corp stock in a transaction on Monday, March 6th. The stock was sold at an average price of $34.10, for a total transaction of $4,838,790.00. Following the sale, the director now directly owns 304,007 shares of the company’s stock, valued at $10,366,638.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 358,967 shares of company stock valued at $12,322,106. Insiders own 3.01% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in Yadkin Financial Corp by 8.6% in the third quarter. BlackRock Fund Advisors now owns 1,294,689 shares of the company’s stock worth $34,037,000 after buying an additional 102,649 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Yadkin Financial Corp by 141.4% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 125,555 shares of the company’s stock worth $3,301,000 after buying an additional 73,535 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Yadkin Financial Corp by 2,354.4% in the third quarter. JPMorgan Chase & Co. now owns 51,027 shares of the company’s stock worth $1,341,000 after buying an additional 48,948 shares in the last quarter. Rhumbline Advisers increased its stake in Yadkin Financial Corp by 6.6% in the third quarter. Rhumbline Advisers now owns 60,115 shares of the company’s stock worth $1,580,000 after buying an additional 3,744 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Yadkin Financial Corp during the third quarter worth about $2,058,000. 69.65% of the stock is owned by institutional investors.

Your IP Address:

About Yadkin Financial Corp

Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and consumers across the Carolinas.

5 Day Chart for NYSE:YDKN

Receive News & Stock Ratings for Yadkin Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yadkin Financial Corp and related stocks with our FREE daily email newsletter.