Marlin Business Services Corp. (NASDAQ:MRLN) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Monday, November 6th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, November 16th. This represents a $0.56 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 3rd.
Marlin Business Services Corp. (NASDAQ:MRLN) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.11). Marlin Business Services Corp. had a net margin of 13.40% and a return on equity of 10.84%. The business had revenue of $23.14 million for the quarter, compared to analyst estimates of $23.60 million.
Several brokerages have recently weighed in on MRLN. BidaskClub upgraded shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Thursday, August 3rd.
In other Marlin Business Services Corp. news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total value of $75,030.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James W. Wert sold 2,980 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.42, for a total transaction of $75,751.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,765 shares of company stock worth $170,799. 6.94% of the stock is owned by company insiders.
About Marlin Business Services Corp.
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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