Yadkin Financial Corp. (NYSE:YDKN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Yadkin Financial Corporation is a holding company that conducts its business activities through its subsidiary, Yadkin Valley Bank and Trust Company. The Bank’s primary business is providing banking, mortgage, investment and insurance services to residents and businesses. It operates primarily in North Carolina and South Carolina. Yadkin Financial Corporation, formerly known as Yadkin Valley Financial Corporation, is based in Elkin, United States. “

YDKN has been the topic of several other research reports. Compass Point began coverage on Yadkin Financial Corp. in a research report on Thursday, May 26th. They set a “sell” rating and a $24.00 target price on the stock. Hovde Group downgraded Yadkin Financial Corp. from an “outperform” rating to a “market perform” rating and set a $27.35 target price on the stock. in a research report on Thursday, July 21st. Raymond James Financial Inc. downgraded Yadkin Financial Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Friday, July 22nd. Gabelli downgraded Yadkin Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Yadkin Financial Corp. in a research report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.89.

Analyst Recommendations for Yadkin Financial Corp. (NYSE:YDKN)

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Yadkin Financial Corp. (NYSE:YDKN) opened at 25.32 on Thursday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 19.95 and a beta of 1.32. The firm’s 50-day moving average price is $25.77 and its 200 day moving average price is $25.05. Yadkin Financial Corp. has a one year low of $20.42 and a one year high of $28.23.

Yadkin Financial Corp. (NYSE:YDKN) last posted its earnings results on Thursday, July 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Yadkin Financial Corp. had a return on equity of 7.88% and a net margin of 18.48%. On average, equities analysts anticipate that Yadkin Financial Corp. will post $1.51 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc purchased a new position in Yadkin Financial Corp. during the first quarter worth approximately $1,146,000. TIAA CREF Investment Management LLC boosted its position in Yadkin Financial Corp. by 72.3% in the first quarter. TIAA CREF Investment Management LLC now owns 204,862 shares of the company’s stock worth $4,849,000 after buying an additional 85,992 shares in the last quarter. Teachers Advisors Inc. boosted its position in Yadkin Financial Corp. by 72.2% in the first quarter. Teachers Advisors Inc. now owns 62,489 shares of the company’s stock worth $1,479,000 after buying an additional 26,197 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in Yadkin Financial Corp. by 72.6% in the first quarter. Mendon Capital Advisors Corp now owns 2,272,075 shares of the company’s stock worth $53,780,000 after buying an additional 955,895 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in Yadkin Financial Corp. by 84.6% in the first quarter. RMB Capital Management LLC now owns 1,082,281 shares of the company’s stock worth $25,618,000 after buying an additional 495,930 shares in the last quarter. 69.40% of the stock is currently owned by institutional investors and hedge funds.

About Yadkin Financial Corp.

Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and consumers across the Carolinas.

5 Day Chart for NYSE:YDKN

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