Zacks: Marlin Business Services Corp. (MRLN) Given Average Rating of “Hold” by Analysts
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.
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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