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Yadkin Financial (YDKN) Worth Watching: Stock Moves 6.8% Higher - Tale of the Tape

By: Zacks.com
Posted: 1/28/2014 9:46:00 AM
Referenced Stocks: ANCX;BKYF;UBSI;YDKN

Yadkin Financial Corporation ( YDKN ) was a big mover last session with its shares rising nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend of the company since Dec 31, 2013, as the stock is now trading above the volatile price range of $17.04 and $17.81.

This provider of commercial and consumer banking solutions has seen one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's price action can turn into more strength down the road.

Yadkin Financial currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the banking sector are Access National Corp. ( ANCX ), Bank of Kentucky Financial Corp. ( BKYF ) and United Bankshares Inc. ( UBSI ). While ANCX and BKYF sport a Zacks Rank #1 (Strong Buy), UBSI holds a Zacks Rank #2 (Buy).

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