NEWTEK Business Services Corp (NASDAQ:NEWT) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.67.

NEWT has been the topic of several recent research reports. Compass Point set a $19.00 price target on shares of NEWTEK Business Services and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Raymond James lowered shares of NEWTEK Business Services from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered shares of NEWTEK Business Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, BidaskClub upgraded shares of NEWTEK Business Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 31st.

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its position in NEWTEK Business Services by 558.8% in the first quarter. IFP Advisors Inc now owns 7,280 shares of the business services provider’s stock worth $132,000 after buying an additional 6,175 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in NEWTEK Business Services in the 1st quarter worth approximately $182,000. Millennium Management LLC acquired a new position in NEWTEK Business Services in the 1st quarter worth approximately $217,000. LPL Financial LLC boosted its stake in NEWTEK Business Services by 69.0% in the 1st quarter. LPL Financial LLC now owns 19,157 shares of the business services provider’s stock worth $346,000 after purchasing an additional 7,820 shares during the period. Finally, Captrust Financial Advisors acquired a new position in NEWTEK Business Services in the 2nd quarter worth approximately $389,000. Hedge funds and other institutional investors own 21.16% of the company’s stock.

NASDAQ:NEWT opened at $21.54 on Friday. NEWTEK Business Services has a 12-month low of $16.01 and a 12-month high of $24.24. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $404.79 million, a P/E ratio of 12.17, a P/E/G ratio of 3.78 and a beta of 1.34.

NEWTEK Business Services (NASDAQ:NEWT) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. NEWTEK Business Services had a net margin of 105.34% and a return on equity of 8.86%. The business had revenue of $11.40 million for the quarter, compared to analyst estimates of $11.47 million. equities research analysts predict that NEWTEK Business Services will post 1.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 17th will be given a $0.48 dividend. This is a positive change from NEWTEK Business Services’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, September 14th. This represents a $1.92 annualized dividend and a yield of 8.91%. NEWTEK Business Services’s payout ratio is 108.47%.

NEWTEK Business Services Company Profile

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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