Marlin Business Services Corp. (MRLN) Releases Quarterly Earnings Results, Meets Expectations
Marlin Business Services Corp. (NASDAQ:MRLN) issued its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38, Analyst Ratings News reports.
MRLN has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Marlin Business Services Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $18.60 price target on the stock. Finally, analysts at JMP Securities cut their price target on shares of Marlin Business Services Corp. from $31.50 to $29.00 in a research note on Friday, May 2nd. They now have a “market outperform” rating on the stock.
Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded down 0.86% on Tuesday, hitting $18.35. 13,703 shares of the company’s stock traded hands. Marlin Business Services Corp. has a one year low of $17.10 and a one year high of $29.58. The stock has a 50-day moving average of $18.48 and a 200-day moving average of $21.10. The company has a market cap of $231.6 million and a P/E ratio of 13.92.
Marlin Business Services Corp. (NASDAQ:MRLN) is a bank holding company and a financial holding company.
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