Zacks Downgrades Yadkin Financial Corp to Neutral (YDKN)
Yadkin Financial Corp (NASDAQ:YDKN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, American Banking and Market News reports. They currently have a $20.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 8.23% from the company’s current price.
Shares of Yadkin Financial Corp (NASDAQ:YDKN) traded up 1.84% during mid-day trading on Tuesday, hitting $18.82. 117,672 shares of the company’s stock traded hands. Yadkin Financial Corp has a 52-week low of $9.60 and a 52-week high of $19.30. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $16.62. The company’s market cap is $267.3 million.
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.
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