Favorable Press Coverage Somewhat Unlikely to Impact NEWTEK Business Services (NASDAQ:NEWT) Stock Price

News articles about NEWTEK Business Services (NASDAQ:NEWT) have trended positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NEWTEK Business Services earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.3409877037562 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently commented on NEWT. BidaskClub raised NEWTEK Business Services from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research lowered NEWTEK Business Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods set a $19.00 price objective on NEWTEK Business Services and gave the stock a “hold” rating in a research note on Tuesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Shares of NEWTEK Business Services stock traded down $0.09 during midday trading on Thursday, reaching $17.97. The company had a trading volume of 79,957 shares, compared to its average volume of 129,064. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $329.39, a P/E ratio of 10.15, a P/E/G ratio of 3.14 and a beta of 1.08. NEWTEK Business Services has a fifty-two week low of $15.68 and a fifty-two week high of $19.40.

NEWTEK Business Services (NASDAQ:NEWT) last posted its quarterly earnings data on Monday, March 5th. The business services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The company had revenue of $10.42 million during the quarter, compared to analyst estimates of $10.08 million. NEWTEK Business Services had a return on equity of 8.40% and a net margin of 107.74%. equities analysts anticipate that NEWTEK Business Services will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date was Monday, March 19th. NEWTEK Business Services’s dividend payout ratio is currently 90.40%.

COPYRIGHT VIOLATION WARNING: “Favorable Press Coverage Somewhat Unlikely to Impact NEWTEK Business Services (NASDAQ:NEWT) Stock Price” was reported by BBNS and is the property of of BBNS. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://baseballnewssource.com/2018/04/05/newtek-business-services-newt-given-daily-coverage-optimism-score-of-0-28/2028679.html.

About NEWTEK Business Services

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.

Insider Buying and Selling by Quarter for NEWTEK Business Services (NASDAQ:NEWT)

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