Yadkin Financial Corporation (NYSE:YDKN) is expected to pay $0.10 on Nov 17, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Yadkin Financial Corporation’s current price of $27.46, the dividend is 0.36%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 20, 2016. The stock increased 0.26% or $0.07 on November 4, hitting $27.46. Yadkin Financial Corp (NYSE:YDKN) has risen 18.98% since April 5, 2016 and is uptrending. It has outperformed by 17.02% the S&P500.
Yadkin Financial Corporation is a bank holding company. The company has a market cap of $1.41 billion. The Firm conducts its business through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. It has a 22.33 P/E ratio. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and clients across the Carolinas.
Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 1.93, from 3.43 in 2016Q1. The ratio is negative, as 9 funds sold all Yadkin Financial Corp shares owned while 33 reduced positions. 17 funds bought stakes while 46 increased positions. They now own 32.28 million shares or 48.08% less from 62.17 million shares in 2016Q1.
Capital Inv Counsel Inc has 9,450 shares for 0.12% of their US portfolio. Argent Capital Management Ltd Liability Co holds 172,992 shares or 0.19% of its portfolio. Tiaa Cref Investment Management Limited Liability Company has 0% invested in the company for 175,874 shares. Ubs Asset Mngmt Americas reported 516,448 shares or 0.01% of all its holdings. Moreover, Victory Cap Management has 0% invested in Yadkin Financial Corp (NYSE:YDKN) for 38,374 shares. Tci Wealth Advsr, a Arizona-based fund reported 48 shares. Signaturefd Ltd has invested 0.01% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Finemark Natl Bank & accumulated 186 shares or 0% of the stock. Wg Shaheen Assocs Dba Whitney last reported 52,020 shares in the company. Brown Advisory has invested 0% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Schafer Cullen Capital holds 0.01% of its portfolio in Yadkin Financial Corp (NYSE:YDKN) for 31,395 shares. The Massachusetts-based Monarch Prtnrs Asset Mngmt Ltd Llc has invested 0.37% in Yadkin Financial Corp (NYSE:YDKN). Hennessy Inc has 375,000 shares for 0.29% of their US portfolio. American International Grp Inc holds 0% or 28,727 shares in its portfolio. Ejf Cap Limited Liability Corp accumulated 1.00 million shares or 2.36% of the stock.
Yadkin Financial Corp (NYSE:YDKN) Ratings Coverage
Out of 6 analysts covering Yadkin Financial Corp (NYSE:YDKN), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Yadkin Financial Corp has been the topic of 13 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Raymond James given on Friday, July 22. The firm earned “Equal-Weight” rating on Wednesday, September 14 by Stephens. As per Friday, July 22, the company rating was downgraded by Wood. The stock of Yadkin Financial Corp (NYSE:YDKN) earned “Outperform” rating by Hovde Group on Friday, January 8. The stock has “Overweight” rating given by Stephens on Wednesday, December 2. The firm earned “Outperform” rating on Thursday, December 17 by Raymond James. On Monday, December 7 the stock rating was downgraded by Hovde Group to “Market Perform”. Gabelli downgraded the shares of YDKN in a report on Thursday, May 26 to “Hold” rating. On Monday, November 9 the stock rating was maintained by Hovde Group with “Outperform”. The stock of Yadkin Financial Corp (NYSE:YDKN) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, July 22.
More notable recent Yadkin Financial Corp (NYSE:YDKN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Yadkin Financial, International Business Machines and …” on November 04, 2016, also Bizjournals.com with their article: “F.N.B. Corp. buying Yadkin Financial in $1.4B deal” published on July 21, 2016, Bloomberg.com published: “North Carolina Bank Yadkin Financial Said to Explore Sale” on May 25, 2016. More interesting news about Yadkin Financial Corp (NYSE:YDKN) were released by: Bizjournals.com and their article: “Mortgage business a 3Q driver for F.N.B.” published on October 20, 2016 as well as Businesswire.com‘s news article titled: “YADKIN FINANCIAL CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe …” with publication date: July 27, 2016.
YDKN Company Profile
Yadkin Financial Corporation, incorporated on March 2, 2006, is a bank holding company. The Firm conducts its business 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 clients across the Carolinas. The Firm is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina, and to clients in various states through its Small Business Administration (SBA) lending program.
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