Marlin Business Services Corp. (NASDAQ:MRLN) has earned an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the company. Marlin Business Services’ rating score has improved by 16.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Marlin Business Services an industry rank of 215 out of 265 based on the ratings given to its competitors.

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price target on shares of Marlin Business Services in a research report on Friday, December 22nd. Zacks Investment Research lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Marlin Business Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th.

Large investors have recently bought and sold shares of the company. Kestrel Investment Management Corp acquired a new position in Marlin Business Services during the third quarter worth approximately $3,134,000. Western Standard LLC grew its stake in Marlin Business Services by 12.2% during the second quarter. Western Standard LLC now owns 192,790 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 21,034 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 buying an additional 10,067 shares during the period. California Public Employees Retirement System grew its stake in Marlin Business Services by 14.0% during the third quarter. California Public Employees Retirement System now owns 80,041 shares of the financial services provider’s stock worth $2,301,000 after buying an additional 9,841 shares during the period. Finally, Vanguard Group Inc. grew its stake in Marlin Business Services by 2.1% during the second quarter. Vanguard Group Inc. now owns 351,979 shares of the financial services provider’s stock worth $8,852,000 after buying an additional 7,320 shares during the period. 80.28% of the stock is owned by institutional investors and hedge funds.

Marlin Business Services (MRLN) traded up $0.55 during mid-day trading on Thursday, reaching $24.05. 24,100 shares of the company’s stock were exchanged, compared to its average volume of 55,136. The firm has a market cap of $293.96, a P/E ratio of 21.47 and a beta of 1.23. Marlin Business Services has a 12 month low of $20.10 and a 12 month high of $29.95.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The firm had revenue of $23.14 million for the quarter, compared to analyst estimates of $23.60 million. Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%.

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Marlin Business Services Company Profile

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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