Newtek Business Services Inc. (NASDAQ:NEWT) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.67.

A number of equities analysts have commented on NEWT shares. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Newtek Business Services in a report on Thursday, September 29th. Zacks Investment Research downgraded shares of Newtek Business Services from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Raymond James Financial Inc. cut their price objective on shares of Newtek Business Services from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, August 15th. Finally, JMP Securities restated a “hold” rating on shares of Newtek Business Services in a report on Friday, November 18th.

Several hedge funds and other institutional investors have recently made changes to their positions in NEWT. D. E. Shaw & Co. Inc. increased its position in Newtek Business Services by 54.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 34,009 shares of the company’s stock valued at $485,000 after buying an additional 12,002 shares in the last quarter. UBS Group AG increased its position in Newtek Business Services by 3.4% in the third quarter. UBS Group AG now owns 204,251 shares of the company’s stock valued at $2,913,000 after buying an additional 6,705 shares in the last quarter. HighTower Advisors LLC increased its position in Newtek Business Services by 5.2% in the third quarter. HighTower Advisors LLC now owns 19,115 shares of the company’s stock valued at $274,000 after buying an additional 941 shares in the last quarter. American Asset Management Inc. purchased a new position in Newtek Business Services during the third quarter valued at approximately $169,000. Finally, Northpointe Capital LLC increased its position in Newtek Business Services by 26.5% in the third quarter. Northpointe Capital LLC now owns 274,991 shares of the company’s stock valued at $3,921,000 after buying an additional 57,574 shares in the last quarter. Hedge funds and other institutional investors own 21.22% of the company’s stock.

Newtek Business Services (NASDAQ:NEWT) opened at 15.74 on Monday. Newtek Business Services has a 12-month low of $9.37 and a 12-month high of $15.78. The company has a 50 day moving average of $14.54 and a 200-day moving average of $13.52. The stock has a market cap of $229.88 million, a P/E ratio of 5.92 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.17%. Newtek Business Services’s dividend payout ratio (DPR) is 60.35%.

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Newtek Business Services Company Profile

Newtek Business Services Corp. is a non-diversified closed-end management investment company. The Company is engaged in non-bank lending providing a range of business services and financial products under the Newtek brand to the small- and medium-sized business (SMB) market. Its products and services consist of Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), e-commerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll Solutions.

5 Day Chart for NASDAQ:NEWT

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