Yadkin Financial Corp (YDKN) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Yadkin Financial Corp. Compass Point Initiated Yadkin Financial Corp on May 26, 2016 to “Sell”, Price Target of the shares are set at $24.
Yadkin Financial Corp (YDKN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $25.97 and reached the intraday high at $26.07. The bulls started the profit booking and pushed the shares to intraday low of $25.84. The trading session was marked by a volume range of 1,87,748 shares exchanging hands. The 52-week high of the shares is $28.23 and the 52-week low is $18.8. The market cap of the company stands at $1,336 M and there are 5,14,95,445 shares in public circulation.
Investors should note that on Jul 21, 2016, Yadkin Financial Corp announced a cash dividend of $0.1000. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Aug 18, 2016.
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.