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:
- ValuEngine Downgrades NEWTEK Business Services (NEWT) to Buy (americanbankingnews.com)
- NEWTEK Business Services (NEWT) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- NEWTEK Business Services Corp (NEWT) Expected to Post Quarterly Sales of $10.77 Million (americanbankingnews.com)
- NEWTEK Business Services Corp (NEWT) Expected to Post Earnings of $0.40 Per Share (americanbankingnews.com)
- Newtek Signs LOI for New $75MM SBA Facility with Capital One (monitordaily.com)
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.
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%.
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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.
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