Somewhat Favorable News Coverage Somewhat Unlikely to Impact Newtek Business Services Corp. (NEWT) Stock Price
News coverage about Newtek Business Services Corp. (NASDAQ:NEWT) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newtek Business Services Corp. earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.4995990858556 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Financial Comparison: Newtek Business Services Corp. (NEWT) vs. QIWI PLC (QIWI) (americanbankingnews.com)
- Tenkan Sen Bearish Chart Revealed For Newtek Business Services Corp (NEWTZ) – Berry Recorder (berryrecorder.com)
- First Data Corporation (FDC) vs. Newtek Business Services Corp. (NEWT) Head-To-Head Analysis (americanbankingnews.com)
- NEWTEK Business Services Corp (NEWT) Upgraded by ValuEngine to “Strong-Buy” (americanbankingnews.com)
- Newtek Business Services Corp. (NEWT) vs. Planet Payment (PLPM) Head-To-Head Comparison (americanbankingnews.com)
Shares of Newtek Business Services Corp. (NEWT) traded down 0.41% during mid-day trading on Wednesday, reaching $16.99. The company had a trading volume of 275,350 shares. Newtek Business Services Corp. has a 12-month low of $13.56 and a 12-month high of $18.00. The stock has a 50 day moving average price of $17.03 and a 200 day moving average price of $16.78. The firm has a market capitalization of $296.29 million, a PE ratio of 9.16 and a beta of 1.37.
Newtek Business Services Corp. (NASDAQ:NEWT) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $9.90 million for the quarter, compared to analysts’ expectations of $9.19 million. Newtek Business Services Corp. had a return on equity of 7.97% and a net margin of 81.35%. On average, equities analysts forecast that Newtek Business Services Corp. will post $1.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be paid a $0.44 dividend. This is a boost from Newtek Business Services Corp.’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 10.36%. The ex-dividend date of this dividend is Thursday, September 21st. Newtek Business Services Corp.’s payout ratio is 85.11%.
Several analysts have recently weighed in on NEWT shares. Zacks Investment Research upgraded Newtek Business Services Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 8th. ValuEngine upgraded Newtek Business Services Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded Newtek Business Services Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “mkt perform” rating and set a $18.00 price target on shares of Newtek Business Services Corp. in a report on Tuesday, May 30th. Finally, Compass Point cut Newtek Business Services Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 24th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.67.
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Newtek Business Services Corp. Company Profile
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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