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Investing.com - Ladenburg Thalmann upgraded Medallion Financial (NASDAQ:MFIN) from Neutral to Buy and established a price target of $12.00. The stock, currently trading at $10.17, appears undervalued according to InvestingPro analysis, with a P/E ratio of just 6.08.
The upgrade comes as Ladenburg Thalmann noted attractive valuations and strong total return performance, which includes growth in book value plus common dividend. The company has demonstrated impressive momentum with a 28% return over the past year and has raised its dividend for three consecutive years, with 20% dividend growth in the last twelve months.
In the second quarter of 2025, Medallion Financial grew tangible book value per share by 5% quarter-over-quarter, which, combined with the common dividend, resulted in a 10% total return for the quarter.
While investment gains contributed significantly to these results, Ladenburg Thalmann observed that Medallion Financial has recorded substantial gains in four of the last six quarters.
The firm’s new $12.00 price target represents Ladenburg Thalmann’s 12-month outlook for the stock.
In other recent news, Medallion Financial Corp reported its first-quarter 2025 earnings, exceeding expectations with an earnings per share (EPS) of $0.50. This result surpassed the forecasted EPS of $0.38. However, the company’s revenue did not meet projections, reporting $52.22 million compared to the anticipated $57.67 million. These recent developments highlight the mixed financial performance for the quarter. Despite the revenue shortfall, the company demonstrated resilience in investor sentiment. Analyst firms have not provided any recent upgrades or downgrades for Medallion Financial. The company’s earnings performance continues to draw attention from investors. Further updates from analysts may provide additional insights into Medallion Financial’s financial trajectory.
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