Analysts Anticipate Medallion Financial Corp (MFIN) to Announce $0.05 EPS

Shares of Medallion Financial Corp (NASDAQ:MFIN) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $10.67 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Medallion Financial an industry rank of 94 out of 256 based on the ratings given to its competitors.

A number of research firms recently issued reports on MFIN. Zacks Investment Research raised Medallion Financial from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine raised Medallion Financial from a “buy” rating to a “strong-buy” rating in a report on Monday, April 1st. Northland Securities reaffirmed a “buy” rating and set a $12.00 target price on shares of Medallion Financial in a report on Tuesday, May 7th. B. Riley set a $10.00 target price on Medallion Financial and gave the stock a “buy” rating in a report on Thursday, February 28th. Finally, BTIG Research began coverage on Medallion Financial in a report on Friday, February 22nd. They set a “buy” rating and a $10.00 target price on the stock.

In related news, insider Thomas J. Munson sold 4,248 shares of Medallion Financial stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $7.34, for a total value of $31,180.32. Following the transaction, the insider now owns 17,670 shares of the company’s stock, valued at approximately $129,697.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quinn Opportunity Partners LLC purchased a new position in Medallion Financial in the 1st quarter worth about $80,000. Deutsche Bank AG boosted its position in Medallion Financial by 93.6% during the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock worth $166,000 after acquiring an additional 17,255 shares during the period. Advisor Group Inc. boosted its position in Medallion Financial by 10.1% during the 1st quarter. Advisor Group Inc. now owns 190,318 shares of the credit services provider’s stock worth $1,313,000 after acquiring an additional 17,494 shares during the period. Trexquant Investment LP acquired a new stake in Medallion Financial during the 1st quarter worth about $297,000. Finally, Millennium Management LLC acquired a new stake in Medallion Financial during the 4th quarter worth about $234,000. 12.69% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:MFIN opened at $6.48 on Friday. The stock has a market cap of $165.18 million, a P/E ratio of -12.00 and a beta of 1.71. Medallion Financial has a 52-week low of $4.07 and a 52-week high of $7.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56.

Medallion Financial (NASDAQ:MFIN) last released its earnings results on Monday, May 6th. The credit services provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $29.18 million for the quarter, compared to analyst estimates of $26.71 million. Medallion Financial had a negative return on equity of 3.12% and a negative net margin of 5.09%. Sell-side analysts anticipate that Medallion Financial will post 0.42 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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