Yadkin Financial Corp Director Sells $18,820 in Stock (YDKN)
Yadkin Financial Corp (NASDAQ:YDKN) Director James N. Smoak unloaded 1,000 shares of Yadkin Financial Corp stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $18.82, for a total transaction of $18,820.00. Following the completion of the transaction, the director now directly owns 55,116 shares of the company’s stock, valued at approximately $1,037,283. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on YDKN shares. Analysts at Raymond James upgraded shares of Yadkin Financial Corp from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday. They now have a $23.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Yadkin Financial Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th. They now have a $20.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Yadkin Financial Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $19.10 price target on the stock.
Yadkin Financial Corp (NASDAQ:YDKN) traded down 0.48% during mid-day trading on Monday, hitting $18.61. The stock had a trading volume of 71,232 shares. Yadkin Financial Corp has a 52 week low of $9.87 and a 52 week high of $19.30. The stock has a 50-day moving average of $17.81 and a 200-day moving average of $16.70. The company’s market cap is $264.4 million.
Yadkin Financial Corp (NASDAQ:YDKN) last released its earnings data on Wednesday, January 29th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. On average, analysts predict that Yadkin Financial Corp will post $1.26 earnings per share for the current fiscal year.
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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