NewStar Financial, Inc. (NEWS) Declares $0.02 Quarterly Dividend
NewStar Financial, Inc. (NASDAQ:NEWS) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 29th will be paid a dividend of 0.02 per share by the credit services provider on Friday, December 15th. This represents a $0.08 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, November 28th.
NewStar Financial (NASDAQ:NEWS) last posted its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). NewStar Financial had a return on equity of 3.76% and a net margin of 8.65%. The company had revenue of $20.19 million for the quarter, compared to the consensus estimate of $24.32 million.
Several equities analysts recently issued reports on the company. BidaskClub lowered NewStar Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine lowered NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Janney Montgomery Scott lowered NewStar Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.50.
NewStar Financial Company Profile
NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.
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