Marlin Business Services (MRLN) Rating Reiterated by Keefe, Bruyette & Woods

Marlin Business Services (NASDAQ:MRLN)‘s stock had its “buy” rating reiterated by Keefe, Bruyette & Woods in a research report issued on Friday. They currently have a $29.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 29.46% from the company’s previous close.

A number of other equities analysts have also recently commented on MRLN. BidaskClub cut Marlin Business Services from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research cut Marlin Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.33.

Marlin Business Services (NASDAQ MRLN) opened at $22.40 on Friday. Marlin Business Services has a fifty-two week low of $20.10 and a fifty-two week high of $29.95. The company has a market capitalization of $282.70, a price-to-earnings ratio of 19.82 and a beta of 1.22.

Marlin Business Services (NASDAQ:MRLN) last posted its quarterly 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). Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%. The business had revenue of $23.14 million for the quarter, compared to analyst estimates of $23.60 million.

A number of institutional investors and hedge funds have recently modified their holdings of MRLN. Kestrel Investment Management Corp bought a new stake in shares of Marlin Business Services in the 3rd quarter valued at about $3,134,000. Western Standard LLC grew its position in shares of Marlin Business Services by 12.2% in the 2nd quarter. Western Standard LLC now owns 192,790 shares of the financial services provider’s stock valued at $4,849,000 after buying an additional 21,034 shares during the last quarter. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Marlin Business Services in the 2nd quarter valued at about $485,000. Vanguard Group Inc. grew its position in shares of Marlin Business Services by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock valued at $8,875,000 after buying an additional 11,716 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Marlin Business Services by 7.8% in the 2nd quarter. Northern Trust Corp now owns 139,301 shares of the financial services provider’s stock valued at $3,503,000 after buying an additional 10,067 shares during the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.

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Marlin Business Services Company Profile

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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