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MFIN

Medallion Financial

$4.09

-0.13 (-3.08%)

09:02
10/04/16
10/04
09:02
10/04/16
09:02

Medallion Financial announces sale of over $40M in performing loans

Medallion Financial announced that Medallion Bank, the company's unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the company, closed on a sale of over $40M in performing loans to a large super regional bank, recognizing a gain on the transaction.

MFIN Medallion Financial
$4.09

-0.13 (-3.08%)

08/10/16
SDLR
08/10/16
DOWNGRADE
Target $6.5
SDLR
Hold
Medallion Financial downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill analyst Alexander Twerdahl downgraded Medallion Financial to Hold saying share upside will be limited pending a turn in medallion loan credit trends. The analyst has a $6.50 price target for the shares.

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