Marlin Business Services Corp. (NASDAQ:MRLN) – Equities research analysts at William Blair issued their Q1 2019 earnings estimates for shares of Marlin Business Services in a note issued to investors on Thursday. William Blair analyst R. Napoli expects that the financial services provider will post earnings of $0.51 per share for the quarter. William Blair also issued estimates for Marlin Business Services’ Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.71 EPS and FY2020 earnings at $2.93 EPS.
MRLN has been the topic of several other research reports. BidaskClub lowered shares of Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $29.00 price objective on shares of Marlin Business Services in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Marlin Business Services has an average rating of “Buy” and an average target price of $29.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 12th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, February 9th. This represents a $0.56 annualized dividend and a yield of 2.08%. Marlin Business Services’s dividend payout ratio (DPR) is 27.86%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in Marlin Business Services by 361.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 6,109 shares during the period. BlackRock Inc. grew its position in Marlin Business Services by 1.5% in the 4th quarter. BlackRock Inc. now owns 620,123 shares of the financial services provider’s stock worth $13,891,000 after purchasing an additional 9,229 shares during the last quarter. Wells Fargo & Company MN grew its position in Marlin Business Services by 40.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,917 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 3,703 shares during the last quarter. California Public Employees Retirement System grew its position in Marlin Business Services by 7.3% in the 4th quarter. California Public Employees Retirement System now owns 85,892 shares of the financial services provider’s stock worth $1,924,000 after purchasing an additional 5,851 shares during the last quarter. Finally, WCM Investment Management CA bought a new position in Marlin Business Services in the 4th quarter worth about $967,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.
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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