Medallion Financial (NASDAQ:MFIN) Announces Quarterly Earnings Results

Medallion Financial (NASDAQ:MFIN) announced its quarterly earnings results on Tuesday. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10, Zacks reports. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The firm had revenue of $53.10 million for the quarter, compared to the consensus estimate of $53.66 million.

Medallion Financial Trading Up 7.2 %

Shares of NASDAQ:MFIN opened at $8.76 on Thursday. Medallion Financial has a 52-week low of $6.48 and a 52-week high of $10.50. The stock has a market capitalization of $202.08 million, a price-to-earnings ratio of 5.18 and a beta of 2.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day simple moving average is $8.91 and its two-hundred day simple moving average is $8.85.

Medallion Financial Announces Dividend

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 issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, March 17th. Medallion Financial’s payout ratio is currently 26.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th.

Medallion Financial Company Profile

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.