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.
View MFIN analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued twelve-month target prices for Medallion Financial's stock. Their MFIN share price forecasts range from $9.00 to $12.00. On average, they anticipate the company's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 44.6% from the stock's current price.
View analysts price targets for MFIN or view top-rated stocks among Wall Street analysts.

Medallion Financial's stock was trading at $7.14 at the start of the year. Since then, MFIN shares have increased by 1.7% and is now trading at $7.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MFIN earnings forecast.

Medallion Financial Corp. (NASDAQ:MFIN) issued its quarterly earnings data on Monday, July, 24th. The credit services provider reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.25. The credit services provider earned $63.67 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.54 earnings per share.

Medallion Financial declared a quarterly dividend on Thursday, July 20th. Stockholders 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 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Monday, August 14th.
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 4.30%. 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.

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 many different institutional and retail investors. Top institutional shareholders include Tieton Capital Management LLC (3.71%), Stifel Financial Corp (1.22%), Geode Capital Management LLC (0.80%), Gamco Investors INC. ET AL (0.71%), Gamco Investors INC. ET AL (0.71%) and BlackRock Inc. (0.52%).
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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 $7.26.

Medallion Financial (NASDAQ:MFIN) has a market capitalization of $169.59 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.

The company employs 158 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.