Yadkin Financial Corporation (NYSE:YDKN) Director David S. Brody sold 1,240 shares of the firm’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $34.38, for a total transaction of $42,631.20. Following the sale, the director now owns 9,525 shares in the company, valued at $327,469.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Yadkin Financial Corporation (NYSE:YDKN) opened at 33.67 on Friday. The firm has a 50 day moving average of $33.88 and a 200-day moving average of $28.36. Yadkin Financial Corporation has a 52 week low of $20.42 and a 52 week high of $35.18. The stock has a market capitalization 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 results on Wednesday, October 19th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Yadkin Financial Corporation had a net margin of 17.86% and a return on equity of 7.96%. On average, equities analysts predict that Yadkin Financial Corporation will post $1.71 EPS for the current year.

Insider Buying and Selling by Quarter for Yadkin Financial Corporation (NYSE:YDKN)

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Separately, Zacks Investment Research raised shares of Yadkin Financial Corporation from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, October 26th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Yadkin Financial Corporation has an average rating of “Hold” and an average price target of $27.67.

Hedge funds have recently modified their holdings of the company. ELCO Management Co. LLC acquired a new stake in shares of Yadkin Financial Corporation during the third quarter valued at about $1,845,000. Water Island Capital LLC acquired a new stake in shares of Yadkin Financial Corporation during the third quarter valued at about $3,537,000. Schafer Cullen Capital Management Inc. boosted its stake in shares of Yadkin Financial Corporation by 5.2% in the third quarter. Schafer Cullen Capital Management Inc. now owns 33,028 shares of the company’s stock valued at $868,000 after buying an additional 1,633 shares in the last quarter. Phocas Financial Corp. boosted its stake in shares of Yadkin Financial Corporation by 6.5% in the third quarter. Phocas Financial Corp. now owns 579,485 shares of the company’s stock valued at $15,235,000 after buying an additional 35,329 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Yadkin Financial Corporation by 921.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 120,331 shares of the company’s stock valued at $3,163,000 after buying an additional 108,546 shares during the period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

Yadkin Financial Corporation 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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