David S. Brody Sells 1,240 Shares of Yadkin Financial Corporation (YDKN) Stock
Yadkin Financial Corporation (NYSE:YDKN) Director David S. Brody sold 1,240 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $34.38, for a total value of $42,631.20. Following the sale, the director now directly owns 9,525 shares in the company, valued at approximately $327,469.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Yadkin Financial Corporation (NYSE:YDKN) opened at 33.67 on Friday. Yadkin Financial Corporation has a 12-month low of $20.42 and a 12-month high of $35.18. The firm has a 50 day moving average price of $33.88 and a 200 day moving average price of $28.36. The stock has a market cap of $1.74 billion, a PE ratio of 27.37 and a beta of 1.10.
Yadkin Financial Corporation (NYSE:YDKN) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Yadkin Financial Corporation had a return on equity of 7.96% and a net margin of 17.86%. On average, equities analysts expect that Yadkin Financial Corporation will post $1.71 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. RMB Capital Management LLC raised its stake in shares of Yadkin Financial Corporation by 189.5% in the third quarter. RMB Capital Management LLC now owns 2,218,795 shares of the company’s stock valued at $58,332,000 after buying an additional 1,452,274 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Yadkin Financial Corporation during the third quarter valued at approximately $21,250,000. Morgan Stanley raised its stake in shares of Yadkin Financial Corporation by 3,494.0% in the third quarter. Morgan Stanley now owns 715,705 shares of the company’s stock valued at $18,816,000 after buying an additional 695,791 shares during the last quarter. Context BH Capital Management LP purchased a new stake in shares of Yadkin Financial Corporation during the third quarter valued at approximately $18,230,000. Finally, Advisory Research Inc. purchased a new stake in shares of Yadkin Financial Corporation during the second quarter valued at approximately $11,264,000. 68.66% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Yadkin Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.67.
About Yadkin Financial Corporation
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.
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