Marlin Business Services (NASDAQ:MRLN) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Marlin Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods started coverage on shares of Marlin Business Services in a report on Tuesday, December 12th. They set an “outperform” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Marlin Business Services currently has an average rating of “Hold” and a consensus target price of $28.33.

Marlin Business Services (NASDAQ:MRLN) opened at $22.60 on Thursday. Marlin Business Services has a fifty-two week low of $20.10 and a fifty-two week high of $29.95. The stock has a market cap of $282.08, a PE ratio of 15.99 and a beta of 1.22.

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

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in 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 worth $8,875,000 after buying an additional 11,716 shares during the period. Strs Ohio increased its holdings in Marlin Business Services by 12.3% in the 2nd 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 period. Mutual of America Capital Management LLC increased its holdings in Marlin Business Services by 2.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 230,701 shares of the financial services provider’s stock worth $6,633,000 after buying an additional 6,314 shares during the period. Northern Trust Corp increased its holdings in 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 worth $3,503,000 after buying an additional 10,067 shares during the period. Finally, John W. Rosenthal Capital Management Inc. acquired a new position in Marlin Business Services in the 2nd quarter worth approximately $485,000. Institutional investors own 80.28% 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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