Yadkin Financial Corp Director Thomas Johnston Hall Acquires 3,000 Shares (YDKN)
Yadkin Financial Corp (NASDAQ:YDKN) Director Thomas Johnston Hall acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $18.64 per share, with a total value of $55,920.00. Following the completion of the transaction, the director now directly owns 20,245 shares of the company’s stock, valued at approximately $377,367. 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 0.59% during mid-day trading on Wednesday, hitting $18.67. 32,323 shares of the company’s stock traded hands. Yadkin Financial Corp has a 1-year low of $10.77 and a 1-year high of $22.02. The stock’s 50-day moving average is $20.25 and its 200-day moving average is $18.57. The company has a market cap of $265.3 million and a P/E ratio of 16.57.
Yadkin Financial Corp (NASDAQ:YDKN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.03. On average, analysts predict that Yadkin Financial Corp will post $0.71 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on YDKN shares. Analysts at Keefe, Bruyette & Woods downgraded shares of Yadkin Financial Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 26th. They now have a $23.00 price target 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, February 11th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.00.
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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