William Blair Brokers Lift Earnings Estimates for Marlin Business Services Corp. (MRLN)

Marlin Business Services Corp. (NASDAQ:MRLN) – Equities researchers at William Blair lifted their Q3 2017 earnings per share estimates for shares of Marlin Business Services Corp. in a report released on Monday. William Blair analyst R. Napoli now forecasts that the financial services provider will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.40. William Blair also issued estimates for Marlin Business Services Corp.’s Q4 2017 earnings at $0.45 EPS, FY2017 earnings at $1.37 EPS, Q1 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.51 EPS and FY2018 earnings at $1.93 EPS.

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A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One 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 stock. The company currently has a consensus rating of “Hold” and an average price target of $24.50.

Shares of Marlin Business Services Corp. (NASDAQ MRLN) opened at 26.25 on Wednesday. The firm has a market capitalization of $321.35 million, a price-to-earnings ratio of 21.82 and a beta of 1.31. The company’s 50 day moving average is $25.24 and its 200-day moving average is $24.65. Marlin Business Services Corp. has a one year low of $17.05 and a one year high of $26.70.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC increased its position in Marlin Business Services Corp. by 106.4% in the second quarter. Spark Investment Management LLC now owns 22,700 shares of the financial services provider’s stock worth $570,000 after buying an additional 11,700 shares during the last quarter. Strs Ohio increased its position in Marlin Business Services Corp. by 12.3% in the second quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock worth $437,000 after buying an additional 1,900 shares during the last quarter. Geode Capital Management LLC increased its position in Marlin Business Services Corp. by 3.4% in the first quarter. Geode Capital Management LLC now owns 130,522 shares of the financial services provider’s stock worth $3,360,000 after buying an additional 4,241 shares during the last quarter. Vanguard Group Inc. increased its position in Marlin Business Services Corp. by 3.5% in the first quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock worth $8,875,000 after buying an additional 11,716 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Marlin Business Services Corp. by 9.9% in the first quarter. California Public Employees Retirement System now owns 70,200 shares of the financial services provider’s stock worth $1,808,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.

Marlin Business Services Corp. declared that its board has initiated a share buyback plan on Tuesday, May 30th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 3.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Marlin Business Services Corp.’s previous quarterly dividend of $0.11. Marlin Business Services Corp.’s payout ratio is presently 46.28%.

Marlin Business Services Corp. 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.

Earnings History and Estimates for Marlin Business Services Corp. (NASDAQ:MRLN)

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