Yadkin Financial Corp Director James N. Smoak Sells 3,000 Shares (YDKN)
Yadkin Financial Corp (NASDAQ:YDKN) Director James N. Smoak sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $19.34, for a total value of $58,020.00. Following the completion of the transaction, the director now directly owns 51,266 shares of the company’s stock, valued at approximately $991,484. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Yadkin Financial Corp (NASDAQ:YDKN) traded up 0.05% on Friday, hitting $19.15. The stock had a trading volume of 7,723 shares. Yadkin Financial Corp has a 52 week low of $10.20 and a 52 week high of $19.30. The stock’s 50-day moving average is $18.11 and its 200-day moving average is $16.84. The company’s market cap is $272.0 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. Analysts expect that Yadkin Financial Corp will post $1.27 EPS for the current fiscal year.
A number of analysts have recently weighed in on YDKN shares. 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.
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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