Somewhat Positive Press Coverage Somewhat Unlikely to Affect NEWTEK Business Services (NEWT) Stock Price

Media stories about NEWTEK Business Services (NASDAQ:NEWT) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NEWTEK Business Services earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.1592563516989 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of analysts recently weighed in on NEWT shares. BidaskClub raised shares of NEWTEK Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods set a $19.00 price target on shares of NEWTEK Business Services and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research raised shares of NEWTEK Business Services from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NEWTEK Business Services has an average rating of “Hold” and an average price target of $19.00.

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Shares of NEWTEK Business Services stock opened at $17.94 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.27 and a quick ratio of 0.27. NEWTEK Business Services has a twelve month low of $15.68 and a twelve month high of $19.40. The firm has a market cap of $332.73, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 3.17 and a beta of 1.08.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were issued a $0.40 dividend. The ex-dividend date was Monday, March 19th. This represents a $1.60 dividend on an annualized basis and a yield of 8.92%. 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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