Analysts Anticipate Marlin Business Services Corp. (MRLN) to Post $0.31 EPS
Marlin Business Services Corp. (NASDAQ:MRLN) has been given an average broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. Marlin Business Services’ rating score has improved by 16.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Zacks has also assigned Marlin Business Services an industry rank of 209 out of 265 based on the ratings given to related companies.
Several analysts recently weighed in on MRLN shares. Zacks Investment Research downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub cut Marlin Business Services from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods initiated coverage on Marlin Business Services in a report on Tuesday. They issued an “outperform” rating and a $26.00 target price for the company.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Marlin Business Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock valued at $8,875,000 after buying an additional 11,716 shares during the period. Strs Ohio increased its stake in shares of Marlin Business Services by 12.3% in the second quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock valued at $437,000 after buying an additional 1,900 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Marlin Business Services by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 230,701 shares of the financial services provider’s stock valued at $6,633,000 after buying an additional 6,314 shares during the period. Northern Trust Corp grew its stake in Marlin Business Services by 7.8% during the second quarter. Northern Trust Corp now owns 139,301 shares of the financial services provider’s stock worth $3,503,000 after purchasing an additional 10,067 shares during the period. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in Marlin Business Services during the second quarter worth approximately $485,000. 80.28% of the stock is owned by institutional investors.
Shares of Marlin Business Services (NASDAQ:MRLN) opened at $22.45 on Friday. Marlin Business Services has a 1 year low of $20.10 and a 1 year high of $29.95. The firm has a market capitalization of $284.58, a price-to-earnings ratio of 16.14 and a beta of 1.22.
Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.11). Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%. The business had revenue of $23.14 million for the quarter, compared to the consensus estimate of $23.60 million.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were issued a $0.14 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.49%. Marlin Business Services’s payout ratio is presently 50.00%.
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About Marlin Business Services
Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.
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