Marlin Business Services Corp. (MRLN) Given Consensus Rating of “Buy” by Analysts

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have earned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating. Marlin Business Services’ rating score has improved by 20% from 90 days ago as a result of a number of analysts’ ratings changes.

Zacks has also given Marlin Business Services an industry rank of 198 out of 265 based on the ratings given to its competitors.

MRLN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $29.00 price target on shares of Marlin Business Services in a report on Friday, December 22nd. BidaskClub cut Marlin Business Services from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. Zacks Investment Research raised Marlin Business Services from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Wednesday, February 14th. Finally, ValuEngine cut Marlin Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th.

In other Marlin Business Services news, General Counsel Edward Ralph Jr. Dietz sold 1,010 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $27.18, for a total transaction of $27,451.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.94% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Bessemer Group Inc. bought a new stake in shares of Marlin Business Services in the fourth quarter worth about $130,000. SG Americas Securities LLC bought a new stake in shares of Marlin Business Services in the fourth quarter worth about $159,000. First Trust Advisors LP bought a new stake in shares of Marlin Business Services in the third quarter worth about $205,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $175,000 after purchasing an additional 6,109 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Marlin Business Services by 14.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 1,086 shares during the last quarter. 81.67% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ MRLN traded up $0.12 on Monday, hitting $28.57. 1,203 shares of the company traded hands, compared to its average volume of 31,559. The company has a market capitalization of $353.73, a PE ratio of 19.05 and a beta of 0.85. 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 posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The business had revenue of $23.58 million for the quarter, compared to analysts’ expectations of $24.00 million. Marlin Business Services had a return on equity of 11.22% and a net margin of 22.74%. sell-side analysts anticipate that Marlin Business Services will post 2.03 earnings per share for the current fiscal year.

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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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