Analysts Expect Medallion Financial Corp (MFIN) to Post $0.13 Earnings Per Share

Medallion Financial Corp (NASDAQ:MFIN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $10.67 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also given Medallion Financial an industry rank of 157 out of 256 based on the ratings given to its competitors.

MFIN has been the topic of a number of recent analyst reports. Northland Securities reiterated a “buy” rating and issued a $12.00 price objective on shares of Medallion Financial in a report on Tuesday. ValuEngine cut Medallion Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. B. Riley set a $10.00 price target on Medallion Financial and gave the stock a “buy” rating in a research note on Thursday, February 28th. BTIG Research began coverage on Medallion Financial in a research note on Friday, February 22nd. They set a “buy” rating and a $10.00 price target on the stock. Finally, Zacks Investment Research upgraded Medallion Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th.

Large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in shares of Medallion Financial by 10.1% in the 1st quarter. Advisor Group Inc. now owns 190,318 shares of the credit services provider’s stock valued at $1,313,000 after purchasing an additional 17,494 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of Medallion Financial in the 1st quarter valued at about $80,000. Deutsche Bank AG increased its stake in shares of Medallion Financial by 93.6% in the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock valued at $166,000 after purchasing an additional 17,255 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Medallion Financial in the 4th quarter valued at about $234,000. Finally, Seacliff Capital LLC purchased a new position in shares of Medallion Financial in the 4th quarter valued at about $528,000. Institutional investors own 15.46% of the company’s stock.

MFIN traded up $0.02 during trading hours on Thursday, reaching $7.60. The company’s stock had a trading volume of 88,611 shares, compared to its average volume of 89,698. Medallion Financial has a fifty-two week low of $3.59 and a fifty-two week high of $7.65. The stock has a market capitalization of $181.31 million, a PE ratio of -14.07 and a beta of 1.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings data on Monday, May 6th. The credit services provider reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Medallion Financial had a negative return on equity of 4.75% and a negative net margin of 17.53%. The firm had revenue of $29.18 million for the quarter, compared to analysts’ expectations of $26.71 million. As a group, equities research analysts forecast that Medallion Financial will post 0.62 earnings per share for the current fiscal year.

Medallion Financial Company Profile

Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

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