KBW Says NewStar Financial Shares Are "Significantly Undervalued" (NEWS)

Keefe Bruyette & Woods analysts released a short client note today on NewStar Financial NEWS. They said that after Tim Conway, Chairman and CEO of NewStar, presented at KBW's Diversified Financials Conference they continue to believe that the company's stock is "significantly undervalued." They have a price target of $9.00 on NEWS shares. During today's trading session, NEWS has fallen 0.73% to $6.76. The company has a market cap of $336.99 million. The stock is trading at a forward P/E ratio of 15.34. Over the last year, NEWS has gained 179%.