Yadkin Financial Corp Hits New 12-Month High at $19.30 (YDKN)
Shares of Yadkin Financial Corp (NASDAQ:YDKN) hit a new 52-week high during mid-day trading on Wednesday , AnalystRatingsNetwork reports. The company traded as high as $19.30 and last traded at $19.04, with a volume of 43,945 shares changing hands. The stock had previously closed at $19.14.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill upgraded shares of Yadkin Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Raymond James upgraded shares of Yadkin Financial Corp from an “outperform” rating to a “strong-buy” rating in a research note on Monday, February 3rd. They now have a $23.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Yadkin Financial Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 28th. They now have a $20.00 price target on the stock.
The stock’s 50-day moving average is $18.13 and its 200-day moving average is $16.86. The company’s market cap is $270.7 million.
Yadkin Financial Corp (NASDAQ:YDKN) last announced its earnings results on Wednesday, January 29th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. On average, analysts predict that Yadkin Financial Corp will post $1.27 earnings per share for the current fiscal year.
In other Yadkin Financial Corp news, Director James N. Smoak sold 2,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $18.90, for a total transaction of $47,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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