Medallion Financial Corp (NASDAQ:MFIN) has earned an average broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company. Medallion Financial’s rating score has declined by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $10.67 for the company and are predicting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Medallion Financial an industry rank of 173 out of 255 based on the ratings given to related companies.
MFIN has been the topic of a number of research reports. ValuEngine lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Zacks Investment Research raised shares of Medallion Financial from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Thursday, January 16th.
A number of hedge funds and other institutional investors have recently modified their holdings of MFIN. BlackRock Inc. purchased a new position in Medallion Financial during the 2nd quarter valued at about $6,671,000. Vanguard Group Inc. purchased a new position in Medallion Financial during the 2nd quarter valued at about $514,000. Bank of New York Mellon Corp lifted its position in Medallion Financial by 83.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 132,659 shares of the credit services provider’s stock valued at $894,000 after acquiring an additional 60,359 shares during the period. State Street Corp lifted its position in Medallion Financial by 19.7% during the 3rd quarter. State Street Corp now owns 284,552 shares of the credit services provider’s stock valued at $1,821,000 after acquiring an additional 46,757 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new position in Medallion Financial during the 2nd quarter valued at about $289,000. 25.86% of the stock is owned by institutional investors.
Shares of MFIN traded down $0.12 during trading hours on Friday, reaching $6.62. 34,500 shares of the company traded hands, compared to its average volume of 48,279. The company’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $6.07. The company has a market capitalization of $165.87 million, a price-to-earnings ratio of 20.41 and a beta of 1.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.66. Medallion Financial has a 12 month low of $4.30 and a 12 month high of $7.80.
Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Wednesday, October 30th. The credit services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $34.29 million for the quarter, compared to analyst estimates of $31.09 million. Medallion Financial had a net margin of 4.56% and a return on equity of 2.71%. On average, analysts expect that Medallion Financial will post 0.05 EPS for the current year.
About Medallion Financial
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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