Northland Capmk Has Negative Forecast for MFIN Q4 Earnings

Medallion Financial Corp. (NASDAQ:MFIN) – Equities researchers at Northland Capmk decreased their Q4 2024 earnings per share estimates for shares of Medallion Financial in a report released on Wednesday, October 30th. Northland Capmk analyst M. Grondahl now expects that the credit services provider will earn $0.33 per share for the quarter, down from their previous forecast of $0.34. The consensus estimate for Medallion Financial’s current full-year earnings is $1.49 per share. Northland Capmk also issued estimates for Medallion Financial’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.52 EPS.

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research report on Monday.

Medallion Financial Price Performance

NASDAQ:MFIN opened at $9.46 on Friday. The stock has a 50 day moving average of $8.20 and a two-hundred day moving average of $8.05. Medallion Financial has a 12 month low of $6.48 and a 12 month high of $10.14. The firm has a market cap of $219.19 million, a P/E ratio of 5.60 and a beta of 2.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.55.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Medallion Financial had a net margin of 13.72% and a return on equity of 9.59%. The business had revenue of $77.00 million for the quarter, compared to analyst estimates of $52.88 million. During the same quarter last year, the business earned $0.48 earnings per share.

Medallion Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, November 15th. Medallion Financial’s dividend payout ratio (DPR) is currently 23.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MFIN. Panagora Asset Management Inc. purchased a new position in Medallion Financial during the second quarter worth approximately $462,000. Bank of New York Mellon Corp increased its stake in shares of Medallion Financial by 60.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 140,794 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 52,857 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Medallion Financial by 30.6% during the 2nd quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock worth $1,439,000 after acquiring an additional 43,917 shares during the period. Rhumbline Advisers boosted its position in shares of Medallion Financial by 2,306.5% during the 2nd quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock valued at $186,000 after acquiring an additional 23,180 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in Medallion Financial during the first quarter worth about $169,000. 40.56% of the stock is owned by hedge funds and other institutional investors.

About Medallion Financial

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.