Finally Time To Cut Your Stake? Raymond James Downgrades Yadkin Financial (NYSE:YDKN) Shares


Yadkin Financial (NYSE:YDKN) Receives a Downgrade

Yadkin Financial (NYSE:YDKN) was cut by stock analysts at Raymond James from their past “Strong Buy” rating to a “Outperform” rating in an analyst note shared with investors and clients on Thursday, 17 December.

From a total of 6 analysts covering Yadkin Financial Corp (NYSE:YDKN) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $29.5 while the lowest target price is $25. The mean of all analyst targets is $27.58 with a 6.64% above today’s ($25.32) stock price. Yadkin Financial Corp was the topic of 4 analyst reports since October 23, 2015 according to the firm StockzIntelligence Inc. Hovde Group downgraded shares on December 7 to “Market Perform” rating.

Approximately 39,377 shares of stock traded hands. Yadkin Financial Corp (NYSE:YDKN) has risen 27.16% since May 14, 2015 and is uptrending. It has outperformed by 29.42% the S&P500.

The overall sentiment of institutions has decreased to 1.74 in Q2 2015. Its down 0.34, from 2.08 in 2015Q2. The ratio dropped, as 12 institutions have sold all the shares of Yadkin Financial Corp that they owned while 19 funds have taken shares off the table. 11 funds have purchased shares for the first time while 43 added to their positions. These institutions now hold 17.06 million shares or 8.95% less than the 18.73 million shares they owned in 2015Q2.

The Fund Lightyear Capital Llc currently is holding shares equating to 39.57% of its total portfolio in Yadkin Financial Corp representing a total of 2.30 million shares. Another fund,Mendon Capital Advisors Corp, is holding a total of 1.04 million shares equating to 6.22% of their holdings. Additionally, Elizabeth Park Capital Advisors Ltd. has a 461,816 share stake in Yadkin Financial Corp which represents 3.49% of their total portfolio. The Fund, Stieven Capital Advisors L.P., based out of Missouri, has also built up a stake in the stock, which represents a total of 3.28% of their total portfolio. Finally Blackthorn Investment Group Llc, a fund which is based in the state of Kansas reported a total holdings of 19,900 shares.

Yadkin Financial Corporation is a bank holding company. The company has a market cap of $787.17 million. The Firm conducts its business 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. It has 17.2 P/E ratio. Yadkin Bank’s primary business is providing banking, mortgage, investment and insurance services to businesses and clients across the Carolinas.

According to Zacks Investment Research, “Yadkin Financial Corporation is a holding company that conducts its business activities through its subsidiary, Yadkin Valley Bank and Trust Company. The Bank’s primary business is providing banking, mortgage, investment and insurance services to residents and businesses. It operates primarily in North Carolina and South Carolina. Yadkin Financial Corporation, formerly known as Yadkin Valley Financial Corporation, is based in Elkin, United States.”