Newtek Business Services Corp. (NEWT) Getting Somewhat Favorable News Coverage, Report Finds

News stories about Newtek Business Services Corp. (NASDAQ:NEWT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newtek Business Services Corp. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.8000201842208 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

• Trend Strength Monitor For Newtek Business Services Corp (NEWTL) – Bulletin News (orobulletin.com)
• Newtek Business Services Corp (NEWTZ) Seeing Negative Chart Signals – Evergreen Caller (evergreencaller.com)
• Newtek Business Services Corp. (NEWT) Declares Dividend Increase – $0.44 Per Share (americanbankingnews.com)
• Newtek Declares Third Quarter 2017 Dividend of $0.44 per Share … – Nasdaq (nasdaq.com)
• BRIEF-Newtek Business Services increases its 2017 annual cash dividend forecast (reuters.com)

NEWT has been the subject of a number of research reports. Compass Point upgraded Newtek Business Services Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, May 4th. Keefe, Bruyette & Woods restated a “mkt perform” rating and issued a $18.00 target price on shares of Newtek Business Services Corp. in a research note on Tuesday, May 30th. Zacks Investment Research lowered Newtek Business Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded Newtek Business Services Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Newtek Business Services Corp. currently has a consensus rating of “Hold” and an average target price of $17.67.

Shares of Newtek Business Services Corp. (NEWT) traded down 0.35% during mid-day trading on Friday, reaching $17.09. The company had a trading volume of 68,322 shares. The firm’s 50-day moving average price is $16.87 and its 200 day moving average price is $16.69. The company has a market cap of $298.03 million, a price-to-earnings ratio of 9.22 and a beta of 1.39. Newtek Business Services Corp. has a 52-week low of $13.08 and a 52-week high of $18.00.

Newtek Business Services Corp. (NASDAQ:NEWT) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Newtek Business Services Corp. had a return on equity of 7.97% and a net margin of 81.35%. The company had revenue of $9.90 million during the quarter, compared to analyst estimates of $9.19 million. Equities analysts expect that Newtek Business Services Corp. will post $1.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date is Thursday, September 21st. This is a positive change from Newtek Business Services Corp.’s previous quarterly dividend of $0.40. Newtek Business Services Corp.’s payout ratio is 85.11%.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was originally published by [[site]] and is the sole property of of [[site]]. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at [[permalink]].

About Newtek Business Services Corp.

Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls.