Yadkin Financial Corp (YDKN) was Initiated by Compass Point to “Sell” and the brokerage firm has set the Price Target at $24. Compass Point advised their investors in a research report released on May 26, 2016.
Yadkin Financial Corp opened for trading at $26.48 and hit $28.23 on the upside on Wednesday, eventually ending the session at $27.1, with a gain of 2.89% or 0.76 points. The heightened volatility saw the trading volume jump to 8,57,665 shares. Company has a market cap of $1,396 M.
In a different news, on Aug 31, 2015, Edwin H Iii Shuford (Chief Credit Officer) purchased 55 shares at $21.78 per share price. According to the SEC, on May 6, 2015, David S Brody (director) purchased 2,000 shares at $19.61 per share price. On Apr 30, 2015, William M Demarcus (Chief Operating Officer) sold 5,100 shares at $19.94 per share price, according to the Form-4 filing with the securities and exchange commission.
Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations primarily through its wholly owned subsidiary Yadkin Bank a North Carolina chartered community bank which provides services in 73 branches across North Carolina and South Carolina. Yadkin Bank’s primary business is providing banking mortgage investment and insurance services to businesses and consumers across the Carolinas. The Company is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina and to customers in various states through its Small Business Administration (SBA) lending program. The Company operates in six regions including Central Region Piedmont Region Mountain Region South Region Southeast Region and Northeast Region.