Medallion Financial (NASDAQ:MFIN) Announces Earnings Results

Medallion Financial (NASDAQ:MFIN - Get Free Report) released its earnings results on Tuesday. The credit services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10, Zacks reports. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $53.66 million.

Medallion Financial Stock Performance

Medallion Financial stock traded up $0.01 during mid-day trading on Friday, reaching $8.75. 39,689 shares of the stock traded hands, compared to its average volume of 42,566. The stock has a market capitalization of $201.85 million, a PE ratio of 5.18 and a beta of 2.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. Medallion Financial has a 12-month low of $6.48 and a 12-month high of $10.50. The business's 50-day moving average is $8.89 and its 200-day moving average is $8.85.

Medallion Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, March 17th. Medallion Financial's dividend payout ratio (DPR) is presently 28.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Medallion Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th.

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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.