UBS Asset Management Americas Inc. boosted its stake in shares of Yadkin Financial Corp. (NYSE:YDKN) by 57.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,448 shares of the company’s stock after buying an additional 188,546 shares during the period. UBS Asset Management Americas Inc. owned 1.00% of Yadkin Financial Corp. worth $12,958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of Yadkin Financial Corp. by 2.3% in the second quarter. Swiss National Bank now owns 74,166 shares of the company’s stock valued at $1,861,000 after buying an additional 1,700 shares during the last quarter. Pinnacle Holdings LLC increased its stake in shares of Yadkin Financial Corp. by 8.5% in the first quarter. Pinnacle Holdings LLC now owns 26,068 shares of the company’s stock valued at $617,000 after buying an additional 2,050 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Yadkin Financial Corp. by 54.4% in the first quarter. Legal & General Group Plc now owns 6,314 shares of the company’s stock valued at $150,000 after buying an additional 2,224 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Yadkin Financial Corp. by 2.4% in the second quarter. California Public Employees Retirement System now owns 129,541 shares of the company’s stock valued at $3,250,000 after buying an additional 3,000 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Yadkin Financial Corp. by 7.5% in the second quarter. Commonwealth Equity Services Inc now owns 52,073 shares of the company’s stock valued at $1,307,000 after buying an additional 3,638 shares during the last quarter. Hedge funds and other institutional investors own 69.40% of the company’s stock.

Shares of Yadkin Financial Corp. (NYSE:YDKN) traded up 0.08% during trading on Friday, hitting $25.77. 131,601 shares of the company’s stock were exchanged. The company has a market cap of $1.33 billion, a P/E ratio of 20.31 and a beta of 1.32. The company has a 50-day moving average of $25.78 and a 200-day moving average of $25.06. Yadkin Financial Corp. has a 12-month low of $20.42 and a 12-month high of $28.23.

Yadkin Financial Corp. (NYSE:YDKN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Yadkin Financial Corp. had a net margin of 18.48% and a return on equity of 7.88%. On average, equities analysts expect that Yadkin Financial Corp. will post $1.51 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Gabelli downgraded shares of Yadkin Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Zacks Investment Research upgraded shares of Yadkin Financial Corp. from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $28.00 price objective (up from $27.00) on shares of Yadkin Financial Corp. in a research report on Friday, July 22nd. Raymond James Financial Inc. downgraded shares of Yadkin Financial Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Friday, July 22nd. Finally, Hovde Group downgraded shares of Yadkin Financial Corp. from an “outperform” rating to a “market perform” rating and set a $27.35 price objective on the stock. in a research report on Thursday, July 21st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.89.

Yadkin Financial Corp. Company Profile

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.

5 Day Chart for NYSE:YDKN

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