Yadkin Financial Corp Downgraded to “Neutral” at Zacks (YDKN)
Yadkin Financial Corp (NASDAQ:YDKN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, American Banking & Market News reports. They currently have a $18.20 price target on the stock. Zacks‘ price target indicates a potential upside of 5.63% from the company’s current price.
Shares of Yadkin Financial Corp (NASDAQ:YDKN) traded down 1.33% on Tuesday, hitting $17.00. The stock had a trading volume of 17,991 shares. Yadkin Financial Corp has a 52-week low of $8.49 and a 52-week high of $17.89. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $13.9. The company’s market cap is $241.5 million.
Yadkin Financial Corp (NASDAQ:YDKN) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. During the same quarter last year, the company posted $1.56 earnings per share. On average, analysts predict that Yadkin Financial Corp will post $1.14 earnings per share for the current fiscal year.
YDKN has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Yadkin Financial Corp (NASDAQ:YDKN) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 29th.
Yadkin Financial Corporation, formerly Yadkin Valley Financial Corporation, is a bank holding company serves as the holding company for Yadkin Valley Bank and Trust Company (NASDAQ:YDKN) is a North Carolina chartered commercial bank.
To view Zacks’ full report, visit www.zacks.com
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