What is Northland Securities’ Forecast for MFIN Q3 Earnings?

Medallion Financial Corp. (NASDAQ:MFIN) – Equities research analysts at Northland Securities issued their Q3 2027 earnings per share (EPS) estimates for shares of Medallion Financial in a research note issued to investors on Wednesday, October 14th. Northland Securities analyst M. Grondahl expects that the credit services provider will earn $0.29 per share for the quarter. The consensus estimate for Medallion Financial’s current full-year earnings is $1.15 per share. Northland Securities also issued estimates for Medallion Financial’s FY2027 earnings at $1.19 EPS.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $84.38 million for the quarter, compared to analyst estimates of $58.98 million. Medallion Financial had a return on equity of 7.11% and a net margin of 9.25%.

A number of other brokerages have also recently weighed in on MFIN. Raymond James Financial began coverage on Medallion Financial in a research note on Thursday, July 9th. They set a “market perform” rating for the company. UBS Group reaffirmed a “neutral” rating on shares of Medallion Financial in a report on Friday, October 2nd. Weiss Ratings upgraded Medallion Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research lowered shares of Medallion Financial from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Piper Sandler reissued a “neutral” rating and issued a $12.00 price objective (up from $10.50) on shares of Medallion Financial in a report on Friday, October 2nd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $12.62.

Medallion Financial Stock Up 1.5%

Shares of NASDAQ MFIN opened at $11.19 on Friday. Medallion Financial has a 52-week low of $7.85 and a 52-week high of $12.26. The firm has a market capitalization of $256.92 million, a price-to-earnings ratio of 8.41 and a beta of 0.79. The stock has a 50 day moving average price of $11.75 and a 200 day moving average price of $10.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.21 and a current ratio of 1.22.

Institutional Trading of Medallion Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in MFIN. Stephens Inc. AR acquired a new position in shares of Medallion Financial in the first quarter valued at approximately $96,000. Vise Technologies Inc. acquired a new stake in Medallion Financial during the second quarter worth approximately $110,000. Allworth Financial LP purchased a new stake in Medallion Financial in the 2nd quarter valued at about $164,000. PDT Partners LLC acquired a new position in Medallion Financial in the second quarter valued at $185,000. Finally, Bank of America Corp DE purchased a new position in shares of Medallion Financial in the 2nd quarter valued at $190,000. Institutional investors and hedge funds own 40.56% of the company’s stock.

Medallion Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.0%. Medallion Financial’s dividend payout ratio is currently 42.11%.

About Medallion Financial

Medallion Financial Corp. (NASDAQ:MFIN) is a specialty finance company that provides financing to consumers, small businesses and commercial vehicle operators. The company operates primarily through Medallion Bank and Medallion Funding, offering loans through direct and indirect lending channels.

Medallion Bank provides consumer financing for products and services such as home improvements, recreational vehicles, boats and other lifestyle purchases. Medallion Funding focuses on commercial lending, including loans secured by taxi medallions and financing for taxi and other transportation-related businesses.

Founded in 1995, Medallion Financial has historically served borrowers in the United States through relationships with dealers, contractors and other business partners.