Wall Street brokers expect Medallion Financial Corp. (NASDAQ:MFIN – Get a rating) will show earnings per share of $0.31 for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Medallion Financial. The highest EPS estimate is $0.37 and the lowest is $0.24. Medallion Financial reported earnings per share of $0.34 in the same quarter last year, suggesting a negative 8.8% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, May 2.
On average, analysts expect Medallion Financial to report annual earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.15 to $1.80. For next year, analysts expect the company to post earnings of $2.10 per share. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Medallion Financial.
Medallion Financial (NASDAQ:MFIN – Get a rating) last released its quarterly results on Wednesday, February 23. The credit services provider reported earnings per share of $0.78 for the quarter, beating analysts’ consensus estimate of $0.26 by $0.52. Medallion Financial had a net margin of 28.40% and a return on equity of 16.67%.
Separately, Zacks Investment Research downgraded shares of Medallion Financial from a “hold” rating to a “sell” rating in a Wednesday, Feb. 2 research report.
MFIN stock opened at $8.48 on Friday. Medallion Financial has a 12-month low of $3.50 and a 12-month high of $9.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt ratio of 0.63. The company has a market capitalization of $212.67 million, a P/E ratio of 3.91 and a beta of 2.47. The company has a 50-day simple moving average of $7.21 and a 200-day simple moving average of $7.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Investors of record on Monday, March 14 will receive a dividend of $0.08 per share. The ex-dividend date is Friday, March 11. This is a boost from Medallion Financial’s previous quarterly dividend of $0.05. This represents an annualized dividend of $0.32 and a yield of 3.77%.
A number of institutional investors and hedge funds have recently changed their positions in the stock. BlackRock Inc. increased its stake in Medallion Financial by 101.2% in the fourth quarter. BlackRock Inc. now owns 106,517 shares of the credit service provider valued at $617,000 after purchasing an additional 53,563 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Medallion Financial in the fourth quarter valued at $254,000. Corsair Capital Management LP increased its stake in Medallion Financial by 214.8% in the fourth quarter. Corsair Capital Management LP now owns 159,241 shares of the credit services provider valued at $924,000 after buying an additional 108,649 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Medallion Financial by 73.9% in the fourth quarter. JPMorgan Chase & Co. now owns 16,036 shares of the credit service provider valued at $93,000 after buying an additional 6,817 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Medallion Financial by 100.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,840 shares of the credit service provider valued at $167,000 after purchasing an additional 14,453 shares in the last quarter. Hedge funds and other institutional investors hold 31.41% of the company’s shares.
About Medallion Financial (Get a rating)
Medallion Financial Corp. is a bank holding company, which, through its subsidiaries, engages in the making of consumer loans, raising deposits and other banking activities. It operates through the following segments: Consumer Credit; commercial loans; Loan of medallions; PRPP Racing, LLC (PRPP); and Business and others.
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