Marlin Business Services (MRLN) Upgraded at BidaskClub

Marlin Business Services (NASDAQ:MRLN) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

MRLN has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $29.00 target price on shares of Marlin Business Services in a research note on Friday, December 22nd. Zacks Investment Research upgraded Marlin Business Services from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, February 14th. Finally, ValuEngine downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.

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MRLN stock remained flat at $$28.10 during mid-day trading on Friday. 35,853 shares of the stock were exchanged, compared to its average volume of 29,974. The firm has a market cap of $349.38, a price-to-earnings ratio of 13.98 and a beta of 1.05. Marlin Business Services has a 52 week low of $20.26 and a 52 week high of $29.95.

Marlin Business Services (NASDAQ:MRLN) last announced its earnings results on Thursday, February 1st. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Marlin Business Services had a return on equity of 11.22% and a net margin of 22.74%. The firm had revenue of $23.58 million for the quarter, compared to the consensus estimate of $24.00 million. equities analysts forecast that Marlin Business Services will post 2.03 EPS for the current year.

In other news, General Counsel Edward Ralph Jr. Dietz sold 1,010 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $27.18, for a total value of $27,451.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.94% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in Marlin Business Services in the fourth quarter valued at approximately $130,000. Wells Fargo & Company MN lifted its stake in Marlin Business Services by 3.6% in the second quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC purchased a new position in Marlin Business Services in the fourth quarter valued at approximately $159,000. Tower Research Capital LLC TRC lifted its stake in Marlin Business Services by 361.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 6,109 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Marlin Business Services in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 81.67% of the company’s stock.

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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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