Keefe, Bruyette & Woods Starts Yadkin Valley Financial (YAVY) at Market Perform; New Mgmt Team Making Progress

Keefe, Bruyette & Woods initiates coverage on Yadkin Valley Financial (NASDAQ: YAVY) with a Market Perform. PT $3.00.

Analyst, Brady Gailey, said, "While the new management team has made significant progress in the recent turnaround, legacy issues such as elevated classified assets and lower capital levels (among other things), still burden the company. We expect 2012 and 2013 to be transformational years for Yadkin, including a needed capital raise. With a 7% expected return, we rate YAVY shares MP."

For an analyst ratings summary and ratings history on Yadkin Valley Financial click here. For more ratings news on Yadkin Valley Financial click here.

Shares of Yadkin Valley Financial closed at $2.81 yesterday.

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