Medallion Financial (MFIN) Stock Forecast, Price & News

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.
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3 equities research analysts have issued 12-month target prices for Medallion Financial's stock. Their MFIN share price forecasts range from $9.00 to $10.00. On average, they expect the company's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price.
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Medallion Financial's stock was trading at $7.14 at the beginning of the year. Since then, MFIN shares have increased by 3.1% and is now trading at $7.36.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our MFIN earnings forecast.

Medallion Financial Corp. (NASDAQ:MFIN) issued its quarterly earnings results on Monday, February, 13th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. Medallion Financial had a net margin of 22.51% and a trailing twelve-month return on equity of 13.44%.

Medallion Financial declared a quarterly dividend on Monday, May 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.08 per share on Wednesday, May 31st. This represents a $0.32 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, May 12th.
Read our dividend analysis for MFIN.

Medallion Financial (NASDAQ:MFIN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 4.34%. 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 15.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MFIN will have a dividend payout ratio of 20.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MFIN.

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).

Medallion Financial trades on the NASDAQ under the ticker symbol "MFIN."

Medallion Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Tieton Capital Management LLC (3.66%), Stifel Financial Corp (1.16%), O Shaughnessy Asset Management LLC (0.40%), LSV Asset Management (0.32%), Corsair Capital Management L.P. (0.32%) and Arrowstreet Capital Limited Partnership (0.29%).
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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.
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One share of MFIN stock can currently be purchased for approximately $7.36.

Medallion Financial (NASDAQ:MFIN) has a market capitalization of $171.64 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 $2.10 on an earnings per share basis.

The company employs 136 workers across the globe.

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.