Medallion Financial Co.

Raymond James has initiated coverage of Medallion Financial and rated the stock 'Market Perform.' Analyst Ken Kohut highlighted the industry‑leading growth profile, the scalable business model, the industrial bank charter, the attractive valuation (price‑to‑earnings ratio around 6.68) and a dividend yield of about 5.7%. The start of coverage and the announcement of Q2 results on July 29 are likely to attract additional investor interest; the stock remains well below its 52‑week high of $11.00. » More on de.investing.com

Donald Poulton will step down as CEO of Medallion Bank effective June 30, 2026; Justin Haley will assume the role on July 1, 2026. Haley has been with the bank since 2011, was promoted to president in January 2026 and most recently oversaw day-to-day operations, strategic initiatives and business development. Poulton will move to the board of directors and chair the risk committee. The bank is a wholly owned subsidiary of Medallion Financial and has total assets of $2.6 billion. » More on de.investing.com

At the annual meeting all three board candidates nominated by Medallion Financial were re-elected; the candidates put forward by a subsidiary of ZimCal Asset Management received around 19% of the votes. This marks the third consecutive time shareholders have decisively opposed the activist investor. Medallion noted it has generated over $375 million pre-tax in the past five years and has increased the dividend by 40% over the last three years; the preliminary results still need to be certified. » More on de.investing.com