Keefe Bruyette & Woods Downgrades Yadkin Financial Corp to Market Perform

Brokerage firm Keefe Bruyette & Woods Downgrades its rating on Yadkin Financial Corp(NYSE:YDKN). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jul 22, 2016.

In a different note, On May 26, 2016, Gabelli & Co said it Downgrades its rating on Yadkin Financial Corp. The shares have been rated ‘Hold’ by the firm.

Yadkin Financial Corp (YDKN) shares turned negative on Thursdays trading session with the shares closing down -0.06 points or -0.24% at a volume of 3,91,002. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.43. The peak price level was also seen at $25.43 while the days lowest was $25.15. Finally the shares closed at $25.26. The 52-week high of the shares is $28.23 while the 52-week low is $18.8. According to the latest information available, the market cap of the company is $1,301 M.

Yadkin Financial Corp has also declared a cash dividend of $0.1000 on Jul 21, 2016. The shares will quote ex-dividend on Aug 9, 2016 and the record date has been fixed on Aug 11, 2016. The dividend payable date has been fixed on Aug 18, 2016.

Yadkin Financial Corp(YDKN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $79.13M. Analysts had an estimated revenue of $78.78M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2015, Edwin H Iii Shuford (Chief Credit Officer) purchased 55 shares at $21.78 per share price.Also, On May 6, 2015, David S Brody (director) purchased 2,000 shares at $19.61 per share price.On Apr 30, 2015, William M Demarcus (Chief Operating Officer) sold 5,100 shares at $19.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations primarily through its wholly owned subsidiary Yadkin Bank a North Carolina chartered community bank which provides services in 73 branches across North Carolina and South Carolina. Yadkin Bank’s primary business is providing banking mortgage investment and insurance services to businesses and consumers across the Carolinas. The Company is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina and to customers in various states through its Small Business Administration (SBA) lending program. The Company operates in six regions including Central Region Piedmont Region Mountain Region South Region Southeast Region and Northeast Region.

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