Media stories about Newtek Business Services Corp. (NASDAQ:NEWT) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newtek Business Services Corp. earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 47.773568628093 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to Newtek Business Services Corp. : September 12, 2017 (finance.yahoo.com)
- 3 BDCs Paying 10%+: 2 Hopefuls, 1 Hopeless Wreck (nasdaq.com)
- Newtek Business Services Corp. (NEWT) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Newtek Business Services Corp (NEWTL) Seeing Negative Chart Signals – Financial News Review (finnewsreview.com)
- Placing the Spotlight on Newtek Business Services Corp (NEWTL): Technical Stock Update – Danville Daily (danvilledaily.com)
Several equities analysts have weighed in on NEWT shares. Zacks Investment Research raised Newtek Business Services Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, August 8th. ValuEngine raised Newtek Business Services Corp. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised Newtek Business Services Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods reissued 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. Finally, Compass Point lowered Newtek Business Services Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Newtek Business Services Corp. has a consensus rating of “Buy” and a consensus price target of $17.67.
Newtek Business Services Corp. (NASDAQ NEWT) traded up 0.46% during trading on Tuesday, reaching $17.58. The company’s stock had a trading volume of 146,099 shares. The firm has a 50 day moving average price of $17.07 and a 200-day moving average price of $16.80. Newtek Business Services Corp. has a 52-week low of $13.56 and a 52-week high of $18.00. The stock has a market cap of $306.58 million, a price-to-earnings ratio of 9.48 and a beta of 1.37.
Newtek Business Services Corp. (NASDAQ:NEWT) last announced its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $9.19 million. On average, analysts expect that Newtek Business Services Corp. will post $1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 22nd will be given a dividend of $0.44 per share. This is a positive change from Newtek Business Services Corp.’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 21st. This represents a $1.76 annualized dividend and a dividend yield of 10.01%. Newtek Business Services Corp.’s dividend payout ratio is presently 85.11%.
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.
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