Rmb Capital Management Lowers stake in Yadkin Financial Corp (YDKN)

Yadkin Financial Corp (YDKN) : Rmb Capital Management reduced its stake in Yadkin Financial Corp by 29.18% during the most recent quarter end. The investment management company now holds a total of 766,521 shares of Yadkin Financial Corp which is valued at $19,546,286 after selling 315,760 shares in Yadkin Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Yadkin Financial Corp makes up approximately 1.34% of Rmb Capital Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in YDKN in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 129,541 shares of Yadkin Financial Corp which is valued at $3,303,296. Yadkin Financial Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Achievement Holdings boosted its stake in YDKN in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 110,500 shares of Yadkin Financial Corp which is valued at $2,797,860. Yadkin Financial Corp makes up approx 0.36% of Achievement Holdings’s portfolio.Rice Hall James Associates reduced its stake in YDKN by selling 1,964 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 81,647 shares of YDKN which is valued at $2,067,302. Yadkin Financial Corp makes up approx 0.11% of Rice Hall James Associates’s portfolio.

Yadkin Financial Corp closed down -0.34 points or -1.31% at $25.7 with 4,40,749 shares getting traded on Monday. Post opening the session at $26.12, the shares hit an intraday low of $25.68 and an intraday high of $26.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on Yadkin Financial Corp. Yadkin Financial Corp was Downgraded by Raymond James to ” Mkt Perform” on Jul 22, 2016. Yadkin Financial Corp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 22, 2016. Compass Point Initiated Yadkin Financial Corp on May 26, 2016 to “Sell”, Price Target of the shares are set at $24.

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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