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NASDAQ:NEWT

Newtek Business Services Stock Forecast, Price & News

$28.25
-0.39 (-1.36 %)
(As of 10/19/2021 10:40 AM ET)
Add
Compare
Today's Range
$28.25
$28.70
50-Day Range
$25.79
$30.24
52-Week Range
$16.24
$38.78
Volume3,655 shs
Average Volume217,342 shs
Market Capitalization$636.95 million
P/E Ratio9.95
Dividend Yield12.83%
Beta1.12
30 days | 90 days | 365 days | Advanced Chart
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Newtek Business Services logo

About Newtek Business Services

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. It offers loans, payments, payroll and benefits, web solutions, insurance, and technology solutions. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

Headlines

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Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NEWT
Employees
2,018
Year Founded
N/A

Sales & Book Value

Annual Sales
$92.20 million
Cash Flow
$2.50 per share
Book Value
$15.58 per share

Profitability

Net Income
$33.62 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$636.95 million
Next Earnings Date
11/3/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

1.63 out of 5 stars

Finance Sector

905th out of 1,332 stocks

Business Services, Not Elsewhere Classified Industry

99th out of 133 stocks

Analyst Opinion: 0.8Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -












Newtek Business Services (NASDAQ:NEWT) Frequently Asked Questions

Is Newtek Business Services a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newtek Business Services in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Newtek Business Services stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWT, but not buy additional shares or sell existing shares.
View analyst ratings for Newtek Business Services
or view top-rated stocks.

What stocks does MarketBeat like better than Newtek Business Services?

Wall Street analysts have given Newtek Business Services a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Newtek Business Services wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Newtek Business Services?

Newtek Business Services saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 473,500 shares, an increase of 80.7% from the August 31st total of 262,000 shares. Based on an average daily trading volume, of 307,100 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.2% of the shares of the company are short sold.
View Newtek Business Services' Short Interest
.

When is Newtek Business Services' next earnings date?

Newtek Business Services is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Newtek Business Services
.

How were Newtek Business Services' earnings last quarter?

Newtek Business Services Corp. (NASDAQ:NEWT) announced its quarterly earnings data on Monday, August, 9th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.46. The business services provider earned $36.59 million during the quarter, compared to analyst estimates of $21.83 million. Newtek Business Services had a net margin of 62.29% and a trailing twelve-month return on equity of 17.46%.
View Newtek Business Services' earnings history
.

How has Newtek Business Services' stock price been impacted by Coronavirus?

Newtek Business Services' stock was trading at $15.30 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NEWT shares have increased by 87.2% and is now trading at $28.64.
View which stocks have been most impacted by COVID-19
.

How often does Newtek Business Services pay dividends? What is the dividend yield for Newtek Business Services?

Newtek Business Services announced a quarterly dividend on Wednesday, August 11th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.90 per share on Thursday, September 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 12.57%. The ex-dividend date is Friday, September 17th. This is an increase from Newtek Business Services's previous quarterly dividend of $0.70.
View Newtek Business Services' dividend history
.

Is Newtek Business Services a good dividend stock?

Newtek Business Services pays an annual dividend of $3.60 per share and currently has a dividend yield of 12.83%. NEWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Newtek Business Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Newtek Business Services is 175.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Newtek Business Services will have a dividend payout ratio of 155.17% in the coming year. This indicates that Newtek Business Services may not be able to sustain their current dividend.
View Newtek Business Services' dividend history.

What price target have analysts set for NEWT?

3 equities research analysts have issued 1 year price targets for Newtek Business Services' stock. Their forecasts range from $21.00 to $38.00. On average, they expect Newtek Business Services' share price to reach $29.50 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Newtek Business Services
or view top-rated stocks among Wall Street analysts.

Who are Newtek Business Services' key executives?

Newtek Business Services' management team includes the following people:
  • Barry Sloane, Chairman, President & Chief Executive Officer
  • Brent M. Ciurlino, Senior Vice President-Risk & Operations
  • Michael Adam Schwartz, Secretary, Chief Legal & Compliance Officer
  • Peter Mathison Downs, Director & Chief Lending Officer
  • Nicolas Young, Chief Risk Officer

What is Barry Sloane's approval rating as Newtek Business Services' CEO?

95 employees have rated Newtek Business Services CEO Barry Sloane on Glassdoor.com. Barry Sloane has an approval rating of 65% among Newtek Business Services' employees.

What other stocks do shareholders of Newtek Business Services own?

What is Newtek Business Services' stock symbol?

Newtek Business Services trades on the NASDAQ under the ticker symbol "NEWT."

How do I buy shares of Newtek Business Services?

Shares of NEWT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newtek Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $28.64.

How much money does Newtek Business Services make?

Newtek Business Services has a market capitalization of $645.75 million and generates $92.20 million in revenue each year. The business services provider earns $33.62 million in net income (profit) each year or $2.05 on an earnings per share basis.

How many employees does Newtek Business Services have?

Newtek Business Services employs 2,018 workers across the globe.

What is Newtek Business Services' official website?

The official website for Newtek Business Services is www.newtekone.com.

Where are Newtek Business Services' headquarters?

Newtek Business Services is headquartered at 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042.

How can I contact Newtek Business Services?

Newtek Business Services' mailing address is 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042. The business services provider can be reached via phone at (212) 356-9500 or via email at [email protected].


This page was last updated on 10/19/2021 by MarketBeat.com Staff

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