NASDAQ:MFIN

Medallion Financial (MFIN) Stock Forecast, Price & News

$7.02

-0.03 (-0.43%)

(As of 09/29/2023 ET)

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Today's Range: $6.92
▼
$7.08
50-Day Range: $7.00
▼
$10.24
52-Week Range: $5.64
▼
$10.49

Volume: 39,294 shs
Average Volume: 50,567 shs
Market Capitalization: $163.99 million

P/E Ratio: 3.22
Dividend Yield: 4.56%
Price Target: $10.50

Medallion Financial MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 49.6% Upside
$10.50 Price Target
Short Interest: Bearish
6.35% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -19.18%
From $2.19 to $1.77 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Finance Sector

502nd out of 879 stocks

Nondepository Credit Institutions Industry

16th out of 45 stocks

3.2

Analyst's Opinion

Consensus Rating
Medallion Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.50, Medallion Financial has a forecasted upside of 49.6% from its current price of $7.02.
Amount of Analyst Coverage
Medallion Financial has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
6.35% of the float of Medallion Financial has been sold short.
Short Interest Ratio / Days to Cover
Medallion Financial has a short interest ratio ("days to cover") of 14.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Medallion Financial has recently increased by 1.87%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Medallion Financial is a leading dividend payer. It pays a dividend yield of 4.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Medallion Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Medallion Financial is 14.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Medallion Financial will have a dividend payout ratio of 18.08% next year. This indicates that Medallion Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MFIN.

2.7

News and Social Media Coverage

News Sentiment
Medallion Financial has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Medallion Financial this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Medallion Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Medallion Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
22.35% of the stock of Medallion Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.09% of the stock of Medallion Financial is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Medallion Financial are expected to decrease by -19.18% in the coming year, from $2.19 to $1.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Medallion Financial is 3.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Medallion Financial is 3.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 65.81.
Price to Book Value per Share Ratio
Medallion Financial has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Medallion Financial (NASDAQ:MFIN) Stock

Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Medallion Lending. It provides loans that finance consumer purchases of recreational vehicles, boats, and trailers; consumer home improvements; commercial businesses; and taxi medallions to individuals, and small to mid-size businesses. The company also offers commercial loans for purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and medallion loans. In addition, it provides debt, mezzanine, and equity investment capital to companies in various industries; and raises deposits and conducts other banking activities. Medallion Financial Corp. was incorporated in 1995 and is headquartered in New York City, New York.

MFIN Price History

30 days | 90 days | 365 days | Advanced Chart

MFIN Stock News Headlines

August 24, 2023 | finance.yahoo.com

Zacks.com featured highlights KB Home, Medallion Financial, ePlus, Charles River and PagSeguro Digital

August 16, 2023 | finance.yahoo.com

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October 1, 2023 | Legacy Research (Ad)

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August 15, 2023 | finance.yahoo.com

Here's Why Medallion Financial (MFIN) Is a Great 'Buy the Bottom' Stock Now

August 3, 2023 | msn.com

B. Riley Securities Maintains Medallion Financial (MFIN) Buy Recommendation

July 28, 2023 | benzinga.com

Medallion Bank Reports 2023 Second Quarter Results and Declares Series F Preferred Stock Dividend

July 28, 2023 | finanznachrichten.de

Medallion Financial Corp.: Medallion Bank Reports 2023 Second Quarter Results and Declares Series F Preferred Stock Dividend

July 24, 2023 | finance.yahoo.com

Medallion Financial Corp. Reports 2023 Second Quarter Results

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

July 24, 2023 | finance.yahoo.com

Medallion Financial (MFIN) Tops Q2 Earnings and Revenue Estimates

July 21, 2023 | benzinga.com

Earnings Outlook For Medallion Finl

July 20, 2023 | finance.yahoo.com

Medallion Financial Corp. to Report 2023 Second Quarter Results on Monday, July 24, 2023

June 22, 2023 | finance.yahoo.com

MFIN - Medallion Financial Corp.

June 21, 2023 | benzinga.com

Medallion Financial Corp Files For Mixed Shelf Of Up To $100M

June 18, 2023 | finance.yahoo.com

Several Insiders Invested In Medallion Financial Flagging Positive News

June 18, 2023 | finance.yahoo.com

Several Insiders Invested In Medallion Financial Flagging Positive News \

June 16, 2023 | finance.yahoo.com

3 Safe Stocks to Buy for Stability and Income

June 1, 2023 | finance.yahoo.com

Medallion Bank Announces Fintech Strategic Partnership With CreditWorks

May 28, 2023 | finance.yahoo.com

Insiders own 29% of Medallion Financial Corp. (NASDAQ:MFIN) shares but individual investors control 44% of the company

May 19, 2023 | finance.yahoo.com

Medallion Financial Corp. to Participate in Upcoming Investor Conference

May 7, 2023 | finance.yahoo.com

Medallion Financial Corp. (NASDAQ:MFIN) Passed Our Checks, And It's About To Pay A US$0.08 Dividend

May 4, 2023 | finance.yahoo.com

Medallion Financial Corp. (NASDAQ:MFIN) Q1 2023 Earnings Call Transcript

May 4, 2023 | msn.com

Medallion Financial (MFIN) Declares $0.08 Dividend

May 3, 2023 | finance.yahoo.com

Q1 2023 Medallion Financial Corp Earnings Call

May 1, 2023 | finance.yahoo.com

Medallion Financial Corp. Reports 2023 First Quarter Results

May 1, 2023 | finance.yahoo.com

Medallion Financial (MFIN) Beats Q1 Earnings and Revenue Estimates

April 29, 2023 | finanznachrichten.de

Medallion Financial Corp.: Medallion Bank Reports 2023 First Quarter Results and Declares Series F Preferred Stock Dividend

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MFIN Company Calendar

Last Earnings: 7/24/2023
Ex-Dividend for 8/31 Dividend: 8/14/2023
Dividend Payable: 8/31/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:MFIN
Previous Symbol: NASDAQ:TAXI
CUSIP: 58392810
CIK: 1000209
Web: www.medallion.com
Phone: (212) 328-2100
Fax: 212-328-2121
Employees: 158
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $10.50
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +49.6%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.18
Trailing P/E Ratio: 3.22
Forward P/E Ratio: 3.21
P/E Growth: N/A
Net Income: $43.84 million
Net Margins: 21.99%
Pretax Margin: 33.45%
Return on Equity: 13.45%
Return on Assets: 2.15%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.16
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $206.15 million
Price / Sales: 0.80
Cash Flow: $2.52 per share
Price / Cash Flow: 2.79
Book Value: $16.16 per share
Price / Book: 0.43

Miscellaneous

Outstanding Shares: 23,360,000
Free Float: 18,141,000
Market Cap: $163.99 million
Optionable: Optionable
Beta: 2.05

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Key Executives

Mr. Alvin Murstein (Age 88)
Chairman & CEO
Comp: $2.2M

Mr. Andrew M. Murstein (Age 59)
Pres, COO & Non-Independent Director
Comp: $3.57M

Mr. Anthony N. Cutrone (Age 43)
Exec. VP & CFO
Comp: $1.18M

Mr. David Justin Haley (Age 49)
Exec. VP & CFO of Medallion Bank
Comp: $602.78k

Mr. Donald S. Poulton (Age 70)
CEO & Pres of Medallion Bank
Comp: $1.19M

Ms. Marisa T. Silverman (Age 44)
Exec. VP, Chief Compliance Officer, Gen. Counsel & Sec.

Mr. Thomas J. Munson (Age 40)
Exec. VP & Chief Credit Officer

Mr. Dean R. Pickerell (Age 75)
Acting Pres & Exec. VP of Medallion Capital, Inc.

Mr. Alexander S. Travis (Age 46)
Pres of Medallion Capital Inc.

Mr. Stephen A. Lewis (Age 74)
Sr. VP of Medallion Capital, Inc.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MFIN Stock - Frequently Asked Questions

Should I buy or sell Medallion Financial stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medallion Financial in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MFIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MFIN, but not buy additional shares or sell existing shares.
View MFIN analyst ratings or view top-rated stocks.
What is Medallion Financial's stock price forecast for 2023?: 3 equities research analysts have issued 12 month price targets for Medallion Financial's shares. Their MFIN share price forecasts range from $9.00 to $12.00. On average, they predict the company's stock price to reach $10.50 in the next year. This suggests a possible upside of 49.6% from the stock's current price.
View analysts price targets for MFIN or view top-rated stocks among Wall Street analysts.
How have MFIN shares performed in 2023?: Medallion Financial's stock was trading at $7.14 at the start of the year. Since then, MFIN shares have decreased by 1.7% and is now trading at $7.02.
View the best growth stocks for 2023 here.
When is Medallion Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MFIN earnings forecast.
How were Medallion Financial's earnings last quarter?: Medallion Financial Corp. (NASDAQ:MFIN) announced its earnings results on Monday, July, 24th. The credit services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.25. The credit services provider had revenue of $63.67 million for the quarter, compared to analysts' expectations of $45.40 million. Medallion Financial had a trailing twelve-month return on equity of 13.45% and a net margin of 21.99%. During the same quarter in the prior year, the company earned $0.54 earnings per share.
How often does Medallion Financial pay dividends? What is the dividend yield for Medallion Financial?: Medallion Financial announced a quarterly dividend on Thursday, July 20th. Investors of record on Tuesday, August 15th will be given a dividend of $0.08 per share on Thursday, August 31st. This represents a $0.32 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for MFIN.
Is Medallion Financial a good dividend stock?: Medallion Financial (NASDAQ:MFIN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 4.56%. MFIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFIN will have a dividend payout ratio of 18.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFIN.

What other stocks do shareholders of Medallion Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Medallion Financial investors own include International Business Machines (IBM), Rexahn Pharmaceuticals (REXN), Ekso Bionics (EKSO), Herman Miller (MLHR), Adams Diversified Equity Fund (ADX), Energy Transfer (ET), iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), TheStreet (TST), Starbucks (SBUX) and Activision Blizzard (ATVI).
What is Medallion Financial's stock symbol?: Medallion Financial trades on the NASDAQ under the ticker symbol "MFIN."
How do I buy shares of Medallion Financial?: Shares of MFIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Medallion Financial's stock price today?: One share of MFIN stock can currently be purchased for approximately $7.02.
How much money does Medallion Financial make?: Medallion Financial (NASDAQ:MFIN) has a market capitalization of $163.99 million and generates $206.15 million in revenue each year. The credit services provider earns $43.84 million in net income (profit) each year or $2.18 on an earnings per share basis.
How many employees does Medallion Financial have?: The company employs 158 workers across the globe.
Does Medallion Financial have any subsidiaries?: The following companies are subsidiares of Medallion Financial: Freshstart Venture Capital Corp, Medallion Bank, Medallion Capital Inc, and Medallion Funding LLC.
Read More
How can I contact Medallion Financial?: Medallion Financial's mailing address is 437 MADISON AVE 38 TH FLOOR, NEW YORK NY, 10022. The official website for the company is www.medallion.com. The credit services provider can be reached via phone at (212) 328-2100, via email at investorrelations@medallion.com, or via fax at 212-328-2121.

This page (NASDAQ:MFIN) was last updated on 10/1/2023 by MarketBeat.com Staff

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