Yadkin Financial Corp(NYSE:YDKN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $79.13M. Analysts estimated a revenue of $78.78M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.36.
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) remained unchanged at the close of Wednesday session. Even as the volume increased to 1,87,748 ,the shares failed to make any impression and ended at 0 points or 0.00% at $25.95. The trading session commenced at $25.97 and the stock hit a high of $26.07 and touched $25.84 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $28.23 and the 52-week low is $18.8. The company has a market cap of $1,336 M and has approximately 5,14,95,445 outstanding shares.
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.