Keefe, Bruyette & Woods reiterated their buy rating on shares of Marlin Business Services (NASDAQ:MRLN) in a research note issued to investors on Friday, December 22nd. Keefe, Bruyette & Woods currently has a $29.00 price target on the financial services provider’s stock.
A number of other research firms have also weighed in on MRLN. Zacks Investment Research lowered Marlin Business Services from a buy rating to a hold rating in a research report on Tuesday, October 3rd. BidaskClub lowered Marlin Business Services from a sell rating to a strong sell rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $29.33.
Marlin Business Services (NASDAQ:MRLN) traded up $0.55 during mid-day trading on Friday, reaching $24.05. The company had a trading volume of 24,180 shares, compared to its average volume of 55,136. Marlin Business Services has a one year low of $20.10 and a one year high of $29.95. The company has a market cap of $292.71, a price-to-earnings ratio of 21.28 and a beta of 1.23.
Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). Marlin Business Services had a net margin of 13.40% and a return on equity of 10.84%. The company had revenue of $23.14 million for the quarter, compared to the consensus estimate of $23.60 million.
Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of Marlin Business Services by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 200 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Marlin Business Services by 168.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,222 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 3,900 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Marlin Business Services in the 3rd quarter worth $205,000. The Manufacturers Life Insurance Company increased its holdings in shares of Marlin Business Services by 14.7% in the 2nd 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Marlin Business Services by 20.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 14,000 shares of the financial services provider’s stock worth $314,000 after buying an additional 2,400 shares during the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.
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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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