Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Marlin Business Services an industry rank of 94 out of 256 based on the ratings given to its competitors.
Several brokerages have issued reports on MRLN. ValuEngine raised Marlin Business Services from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 18th. BidaskClub lowered Marlin Business Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research raised Marlin Business Services from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, February 7th.
MRLN traded down $0.04 during midday trading on Thursday, hitting $23.11. The stock had a trading volume of 15,973 shares, compared to its average volume of 16,270. The firm has a market cap of $285.90 million, a P/E ratio of 11.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.19 and a quick ratio of 0.19. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $31.60.
Marlin Business Services (NASDAQ:MRLN) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.06). The firm had revenue of $23.96 million during the quarter, compared to analysts’ expectations of $24.10 million. Marlin Business Services had a return on equity of 12.33% and a net margin of 17.77%. On average, equities analysts anticipate that Marlin Business Services will post 2.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio is 27.45%.
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Marlin Business Services by 919.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,815 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,637 shares during the period. Bank of Montreal Can boosted its stake in shares of Marlin Business Services by 438.4% during the fourth quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,964 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of Marlin Business Services during the fourth quarter valued at approximately $103,000. Bank of America Corp DE boosted its stake in shares of Marlin Business Services by 87.8% during the fourth quarter. Bank of America Corp DE now owns 5,789 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 2,706 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of Marlin Business Services during the first quarter valued at approximately $131,000. 84.55% of the stock is owned by hedge funds and other institutional investors.
Marlin Business Services Company Profile
Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.
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