The stock of Yadkin Financial Corp (NYSE:YDKN) hit a new 52-week high and has $40.23 target or 42.00% above today’s $28.33 share price. The 7 months bullish chart indicates low risk for the $1.45B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $40.23 price target is reached, the company will be worth $609.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 214,973 shares traded hands or 12.31% up from the average. Yadkin Financial Corp (NYSE:YDKN) has risen 20.70% since April 7, 2016 and is uptrending. It has outperformed by 15.92% the S&P500.
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 rating was downgraded by Raymond James on Friday, July 22 to “Mkt Perform”. The stock of Yadkin Financial Corp (NYSE:YDKN) earned “Outperform” rating by Raymond James on Thursday, December 17. The firm has “Market Perform” rating by Wood given on Friday, July 22. The firm has “Overweight” rating given on Wednesday, December 2 by Stephens. As per Thursday, July 21, the company rating was downgraded by Hovde Group. The firm earned “Outperform” rating on Monday, November 9 by Hovde Group. As per Friday, July 22, the company rating was downgraded by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, May 26 by Gabelli. Stephens downgraded Yadkin Financial Corp (NYSE:YDKN) on Wednesday, September 14 to “Equal-Weight” rating. As per Friday, January 8, the company rating was upgraded by Hovde Group.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.5 in Q2 2016. Its down 1.93, from 3.43 in 2016Q1. The ratio fall, 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.
Ladenburg Thalmann Financial Ser Incorporated accumulated 0% or 2,424 shares. Royal Retail Bank Of Canada accumulated 0% or 3,024 shares. Moreover, Ejf Limited Liability Com has 2.36% invested in Yadkin Financial Corp (NYSE:YDKN) for 1.00M shares. The Connecticut-based Aqr Cap Ltd Llc has invested 0% in Yadkin Financial Corp (NYSE:YDKN). Fmr accumulated 0% or 615,920 shares. Moreover, Brown Advisory Inc has 0% invested in Yadkin Financial Corp (NYSE:YDKN) for 24,091 shares. Rhumbline Advisers has 0% invested in the company for 56,371 shares. Barclays Public Limited Co has 60 shares for 0% of their US portfolio. Tci Wealth Advsrs has invested 0% of its portfolio in Yadkin Financial Corp (NYSE:YDKN). Metropolitan Life Ny last reported 0.01% of its portfolio in the stock. Blackrock Fund Advsr owns 1.19 million shares or 0.01% of their US portfolio. Burnham Asset Mgmt Corp Ny holds 76,350 shares or 0.53% of its portfolio. Victory Cap Management reported 38,374 shares or 0% of all its holdings. Moreover, Legal & General Plc has 0% invested in Yadkin Financial Corp (NYSE:YDKN) for 7,608 shares. Commercial Bank Of New York Mellon Corporation holds 0% or 411,698 shares in its portfolio.
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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