Marlin Business Services (MRLN) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a hold rating to a strong-buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $30.00 price target on the financial services provider’s stock.

According to Zacks, “Marlin Business Services Corp is a nationwide provider of equipment leasing solutions primarily to small businesses. Marlin finances over 60 categories of commercial equipment, including copiers, telephone systems, computers and certain commercial and industrial equipment. “

Several other analysts have also weighed in on MRLN. BidaskClub lowered shares of Marlin Business Services from a hold rating to a sell rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods initiated coverage on shares of Marlin Business Services in a research report on Tuesday, December 12th. They set an outperform rating and a $26.00 target price on the stock. Finally, ValuEngine lowered shares of Marlin Business Services from a buy rating to a hold rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Marlin Business Services has an average rating of Buy and a consensus target price of $29.33.

Marlin Business Services (MRLN) traded down $0.15 during midday trading on Wednesday, reaching $26.90. 20,100 shares of the company’s stock traded hands, compared to its average volume of 37,085. The firm has a market cap of $336.76, a price-to-earnings ratio of 18.03 and a beta of 1.19. Marlin Business Services has a 52 week low of $20.26 and a 52 week high of $29.95.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, February 12th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 9th. This represents a $0.56 annualized dividend and a dividend yield of 2.08%. Marlin Business Services’s dividend payout ratio (DPR) is currently 27.86%.

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Marlin Business Services during the 4th quarter valued at about $130,000. Wells Fargo & Company MN boosted its position in shares of Marlin Business Services by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 200 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Marlin Business Services by 168.0% during 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 acquiring an additional 3,900 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Marlin Business Services during the 4th quarter valued at about $159,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Marlin Business Services by 361.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 6,109 shares in the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

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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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