Keefe, Bruyette & Woods restated their buy rating on shares of Marlin Business Services (NASDAQ:MRLN) in a research report report published on Friday. Keefe, Bruyette & Woods currently has a $29.00 price target on the financial services provider’s stock.

A number of other brokerages also recently issued reports on MRLN. Zacks Investment Research downgraded Marlin Business Services from a buy rating to a hold rating in a research report on Tuesday, October 3rd. BidaskClub downgraded Marlin Business Services from a hold rating to a sell rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $29.33.

Shares of Marlin Business Services (NASDAQ MRLN) opened at $22.40 on Friday. The stock has a market capitalization of $281.45, a P/E ratio of 20.00 and a beta of 1.22. Marlin Business Services has a 12-month low of $20.10 and a 12-month high of $29.95.

Marlin Business Services (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $23.60 million. Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted 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 valued at $143,000 after purchasing an additional 200 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted 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 valued at $156,000 after purchasing an additional 3,900 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Marlin Business Services in the 3rd quarter valued at $205,000. The Manufacturers Life Insurance Company boosted 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 valued at $213,000 after purchasing an additional 1,086 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Marlin Business Services by 4.5% in the 2nd quarter. New York State Common Retirement Fund now owns 14,520 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 619 shares in the last quarter. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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