B. Riley Securities resumed coverage on Medallion Fincl with a new price target
$MFIN
Finance: Consumer Services
Finance
B. Riley Securities resumed coverage of Medallion Fincl with a rating of Buy and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/3/2023 | Neutral | Ladenburg Thalmann | |
| 10/7/2022 | $10.00 | Buy | B. Riley Securities |
| 10/5/2022 | $11.00 → $9.00 | Outperform → Market Perform | Northland Capital |
Stock price is down 20% YTD and management continues to be rewarded at the expense of stockholders.High executive compensation does not align with core business performance.ZimCal sends letter to stockholders highlighting egregious compensation.Updated "5 Steps to Improvement" white paper to unlock value at Medallion Financial Corp. posted to www.restoretheshine.com/5-stepsZimCal Asset Management, LLC, and its affiliates BIMIZCI Fund LLC, Warnke Investments LLC and Stephen Hodges (collectively "ZimCal") is one of the largest investors in Medallion Financial Corp. (the "Company" or "MFIN"), has over $15.58 million in debt and equity investment exposure and has been invested in MFIN for over 3
Medallion Finl (NASDAQ:MFIN) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.39 by 7.69 percent. This is a 37.31 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $53.320 million which beat the analyst consensus estimate of $49.702 million by 7.28 percent. This is a 16.71 percent increase over sales of $45.686 million the same period last year.
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company"))), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking
Authorizes Stock Repurchase Program of $35 Million Appoints Brent O. Hatch as New Independent Director and Lead Independent Director Will Engage Third Party Executive Search Firm to Assist in Search Process for an Additional Independent Director Reaches Cooperation Agreement with KORR Value, L.P. NEW YORK, May 02, 2022 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion Financial" or the "Company"))), a finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the Board has authorized a new stock repurchase program of $35 million. In co
Contends Abysmal Governance, Apparent Conflicts and Questionable Insider Dealings Have Caused Shares to Trade at a Punishing Discount to Book Value – Despite Record Earnings Fears the Company Will Perpetually Trade at a "Bad Governance Discount" and Remain Uninvestable to Many Institutional Investors Until There is Governance and Strategic Change Urges Independent Directors to Honor Their Fiduciary Duties to ALL Shareholders by Facilitating Sorely-Needed Governance Improvements and Exploring Strategic Alternatives KORR Value, L.P., which together with its affiliates owns approximately 5.7% of the outstanding common shares of Medallion Financial Corp. (NASDAQ:MFIN) (the "Company"), today
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NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter Highlights Net income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter.Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter.Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior
SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company"))), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, October 30, 2024. How to Participate Date: Wednesday, October 30, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 8
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company")), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter Highlights Net income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter.Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter.Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior
SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, the "Bank")), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ:MFIN). 2024 Third Quarter Highlights Net income of $15.5 million, compared to $17.2 million in the prior year quarter.Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.Net interest margin of 8.44%, compared to
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ:MFIN, the "Company"))), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter ended September 30, 2024, after the market closes on Tuesday, October 29, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the next morning, October 30, 2024. How to Participate Date: Wednesday, October 30, 2024Time: 9:00 a.m. Eastern timeU.S. dial-in number: (833) 8
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Ladenburg Thalmann initiated coverage of Medallion Fincl with a rating of Neutral
B. Riley Securities resumed coverage of Medallion Fincl with a rating of Buy and set a new price target of $10.00
Northland Capital downgraded Medallion Fincl from Outperform to Market Perform and set a new price target of $9.00 from $11.00 previously