Marlin Business Services Corp. (NASDAQ:MRLN) announced its earnings results on Thursday, October 26th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11), Yahoo Finance reports. The business had revenue of $23.14 million during the quarter, compared to analyst estimates of $23.60 million. Marlin Business Services Corp. had a net margin of 13.40% and a return on equity of 10.84%.
Marlin Business Services Corp. (MRLN) opened at $23.25 on Monday. Marlin Business Services Corp. has a one year low of $18.75 and a one year high of $29.95. The firm has a market cap of $290.83, a PE ratio of 16.49 and a beta of 1.23.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, November 3rd. Marlin Business Services Corp.’s payout ratio is 50.00%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.
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In other news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total transaction of $75,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James W. Wert sold 2,980 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.42, for a total transaction of $75,751.60. The disclosure for this sale can be found here. Insiders sold a total of 6,765 shares of company stock valued at $170,799 in the last three months. 6.94% of the stock is currently owned by corporate insiders.
About Marlin Business Services Corp.
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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