Newtek Business Services Corp. Company Profile (NASDAQ:NEWT)

About Newtek Business Services Corp. (NASDAQ:NEWT)

Newtek Business Services Corp. logoNewtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls. The Company is a national non-bank lender that provides, together with its controlled portfolio companies, a range of business services and financial products under the Newtek brand to the small and medium-sized business (SMB) market. The Company issues debt and makes equity investments in portfolio companies in various industries. Its products and services include Business Lending including the United States Small Business Administration (SBA) 7(a) and 504 lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Data Backup, and Payroll and Benefits Solutions to SMB accounts across all industries.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Transaction & Payment Services
  • Sub-Industry: N/A
  • Symbol: NASDAQ:NEWT
  • CUSIP: N/A
  • Web: www.newtekone.com
Capitalization:
  • Market Cap: $301.39 million
  • Outstanding Shares: 17,401,000
Average Prices:
  • 50 Day Moving Avg: $17.58
  • 200 Day Moving Avg: $16.99
  • 52 Week Range: $13.76 - $18.16
P/E:
  • Trailing P/E Ratio: 9.42
  • Foreward P/E Ratio: 9.05
  • P/E Growth: 3.26
Sales & Book Value:
  • Annual Revenue: $35.85 million
  • Price / Sales: 8.47
  • Book Value: $14.35 per share
  • Price / Book: 1.22
Dividend:
  • Annual Dividend: $1.76
  • Dividend Yield: 10.2%
Profitability:
  • EBITDA: $2.91 million
  • Net Margins: 81.35%
  • Return on Equity: 7.97%
  • Return on Assets: 4.23%
Debt:
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 0.44%
  • Quick Ratio: 0.44%
Misc:
  • Average Volume: 138,663 shs.
  • Beta: 1.39
  • Short Ratio: 4.15
 

Frequently Asked Questions for Newtek Business Services Corp. (NASDAQ:NEWT)

What is Newtek Business Services Corp.'s stock symbol?

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

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

Newtek Business Services Corp. declared a quarterly dividend on Tuesday, August 22nd. Investors of record on Friday, September 22nd will be given a dividend of $0.44 per share on Friday, September 29th. This represents a $1.76 annualized dividend and a yield of 10.08%. The ex-dividend date is Thursday, September 21st. This is an increase from Newtek Business Services Corp.'s previous quarterly dividend of $0.40. View Newtek Business Services Corp.'s Dividend History.

How were Newtek Business Services Corp.'s earnings last quarter?

Newtek Business Services Corp. (NASDAQ:NEWT) issued its earnings results on Wednesday, August, 2nd. The company reported $0.41 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.01. The business earned $9.90 million during the quarter, compared to analyst estimates of $9.19 million. Newtek Business Services Corp. had a net margin of 81.35% and a return on equity of 7.97%. View Newtek Business Services Corp.'s Earnings History.

When will Newtek Business Services Corp. make its next earnings announcement?

Newtek Business Services Corp. is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Newtek Business Services Corp..

Where is Newtek Business Services Corp.'s stock going? Where will Newtek Business Services Corp.'s stock price be in 2017?

3 equities research analysts have issued 1 year target prices for Newtek Business Services Corp.'s stock. Their predictions range from $18.00 to $18.00. On average, they anticipate Newtek Business Services Corp.'s share price to reach $18.00 in the next year. View Analyst Ratings for Newtek Business Services Corp..

Who are some of Newtek Business Services Corp.'s key competitors?

Who are Newtek Business Services Corp.'s key executives?

Newtek Business Services Corp.'s management team includes the folowing people:

  • Barry S. Sloane, President, Chief Executive Officer, Director
  • Jennifer Catherine Eddelson CPA, Executive Vice President, Chief Accounting Officer
  • Craig J. Brunet, Executive Vice President, Chief Information Officer
  • Matthew Gordon Ash, Former Executive Vice President, former Chief Compliance Officer
  • John Raven, Chief Information Security Officer and Chief Technology Officer
  • Michael A. Schwartz, Chief Compliance Officer, Chief Legal Officer and Secretary
  • Dean A. Choksi, Vice President - Finance, Treasurer
  • Peter Mathison Downs, Chief Lending Officer
  • Gregory L. Zink, Director
  • Salvatore Francis Mulia, Independent Director

How do I buy Newtek Business Services Corp. stock?

Shares of Newtek Business Services Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Newtek Business Services Corp.'s stock price today?

One share of Newtek Business Services Corp. stock can currently be purchased for approximately $17.46.


MarketBeat Community Rating for Newtek Business Services Corp. (NASDAQ NEWT)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  90 (Vote Outperform)
Underperform Votes:  104 (Vote Underperform)
Total Votes:  194
MarketBeat's community ratings are surveys of what our community members think about Newtek Business Services Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Newtek Business Services Corp. (NASDAQ:NEWT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $18.00 (3.09% upside)
Consensus Price Target History for Newtek Business Services Corp. (NASDAQ:NEWT)
Price Target History for Newtek Business Services Corp. (NASDAQ:NEWT)
Analysts' Ratings History for Newtek Business Services Corp. (NASDAQ:NEWT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/13/2017Keefe, Bruyette & WoodsReiterated RatingHold$18.00N/AView Rating Details
5/24/2017Compass PointDowngradeBuy -> NeutralHighView Rating Details
11/18/2016JMP SecuritiesReiterated RatingHoldN/AView Rating Details
9/29/2016DA DavidsonReiterated RatingBuy$16.00N/AView Rating Details
8/15/2016Raymond James Financial, Inc.Lower Price TargetOutperform$16.00 -> $15.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Newtek Business Services Corp. (NASDAQ:NEWT)
Earnings by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)
Earnings History by Quarter for Newtek Business Services Corp. (NASDAQ NEWT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.46N/AView Earnings Details
8/2/20176/30/2017$0.40$0.41$9.19 million$9.90 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.33$0.40$8.58 million$8.99 millionViewListenView Earnings Details
3/6/2017Q4 2016$0.46$0.46$8.83 million$9.10 millionViewListenView Earnings Details
8/8/2016Q2$0.37$0.34$6.93 million$7.22 millionViewN/AView Earnings Details
5/4/2016Q1$0.34$0.34$7.45 million$6.79 millionViewN/AView Earnings Details
11/3/2015Q315$0.45$0.50$5.94 million$7.04 millionViewN/AView Earnings Details
7/29/2015Q215$0.48$0.49$41.90 million$5.61 millionViewListenView Earnings Details
11/14/2014Q314$0.35$0.34$38.60 million$38.20 millionViewN/AView Earnings Details
8/14/2014Q214$0.06$0.07$38.13 million$41.27 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.03$0.05$34.20 million$37.01 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.04ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Newtek Business Services Corp. (NASDAQ:NEWT)
2017 EPS Consensus Estimate: $1.71
2018 EPS Consensus Estimate: $1.82
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.35$0.35$0.35
Q2 20171$0.38$0.38$0.38
Q3 20171$0.48$0.48$0.48
Q4 20171$0.50$0.50$0.50
Q1 20181$0.39$0.39$0.39
Q2 20181$0.38$0.38$0.38
Q3 20181$0.50$0.50$0.50
Q4 20181$0.55$0.55$0.55
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Newtek Business Services Corp. (NASDAQ:NEWT)
Most Recent Dividend:9/29/2017
Annual Dividend:$1.76
Dividend Yield:10.08%
Payout Ratio:93.62% (Trailing 12 Months of Earnings)
94.62% (Based on This Year's Estimates)
91.19% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)

Dividend History by Quarter for Newtek Business Services Corp. (NASDAQ NEWT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/22/2017quarterly$0.4410.29%9/21/20179/22/20179/29/2017
5/5/2017quarterly$0.409.4%5/26/20175/31/20176/30/2017
3/7/2017quarterly$0.368.81%3/16/20173/20/20173/31/2017
11/17/2016quarterly$0.4010.69%12/13/201612/15/201612/30/2016
9/8/2016quarterly$0.4312.11%9/16/20169/20/20169/30/2016
6/9/2016quarterly$0.3510.83%6/16/20166/20/20166/30/2016
2/26/2016quarterly$0.3513.75%3/18/20163/22/20163/31/2016
12/16/2015Quarterly$0.401/5/20161/7/20161/19/2016
10/5/2015special$3.2910.55%11/16/201511/18/201512/31/2015
10/2/2015quarterly$0.5010.58%10/20/201510/22/201511/3/2015
6/16/2015quarterly$0.4710.59%6/25/20156/29/20157/15/2015
3/19/2015special$0.393/26/20153/30/20154/13/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Newtek Business Services Corp. (NASDAQ:NEWT)
Insider Ownership Percentage: 6.70%
Institutional Ownership Percentage: 22.83%
Insider Trades by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)
Institutional Ownership by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)
Insider Trades by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/11/2017Barry SloaneCEOBuy1,000$16.49$16,490.00View SEC Filing  
8/10/2017Barry SloaneCEOBuy1,000$16.53$16,530.00View SEC Filing  
6/16/2017Salvatore Francis MuliaDirectorBuy500$16.18$8,090.00View SEC Filing  
5/26/2017Barry SloaneCEOBuy1,000$16.85$16,850.00View SEC Filing  
5/26/2017Salvatore Francis MuliaDirectorBuy500$16.90$8,450.00View SEC Filing  
5/15/2017Richard J SaluteDirectorBuy800$17.42$13,936.00View SEC Filing  
5/12/2017Richard J SaluteDirectorBuy800$17.15$13,720.00View SEC Filing  
5/11/2017Richard J SaluteDirectorBuy800$16.87$13,496.00View SEC Filing  
3/24/2017Salvatore Francis MuliaDirectorBuy835$16.62$13,877.70View SEC Filing  
3/23/2017Sam KirschnerDirectorBuy1,000$16.50$16,500.00View SEC Filing  
3/22/2017Barry SloaneCEOBuy700$16.24$11,368.00View SEC Filing  
3/22/2017Nilesh JoshiInsiderBuy355$16.14$5,729.70View SEC Filing  
3/21/2017Barry SloaneCEOBuy700$16.77$11,739.00View SEC Filing  
12/21/2016Salvatore Francis MuliaDirectorBuy782$15.80$12,355.60View SEC Filing  
12/19/2016Barry SloaneCEOBuy1,000$15.40$15,400.00View SEC Filing  
11/29/2016Barry SloaneCEOBuy1,000$15.05$15,050.00View SEC Filing  
11/9/2016Barry SloaneCEOBuy1,000$14.31$14,310.00View SEC Filing  
11/7/2016Barry SloaneCEOBuy1,000$14.90$14,900.00View SEC Filing  
9/20/2016Nilesh JoshiInsiderBuy800$13.82$11,056.00View SEC Filing  
3/23/2016Sam KirschnerDirectorBuy1,000$11.95$11,950.00View SEC Filing  
3/14/2016Barry SloaneCEOBuy1,000$12.94$12,940.00View SEC Filing  
3/11/2016Sam KirschnerDirectorBuy2,000$12.79$25,580.00View SEC Filing  
3/10/2016Barry SloaneCEOBuy1,000$12.39$12,390.00View SEC Filing  
3/10/2016Michael Adam SchwartzInsiderBuy200$12.35$2,470.00View SEC Filing  
3/10/2016Salvatore Francis MuliaDirectorBuy2,000$12.19$24,380.00View SEC Filing  
1/4/2016Richard J SaluteDirectorBuy91$13.69$1,245.79View SEC Filing  
8/24/2015Sam KirschnerDirectorBuy1,100$15.63$17,193.00View SEC Filing  
8/20/2015Salvatore Francis MuliaDirectorBuy1,000$17.30$17,300.00View SEC Filing  
8/19/2015Craig Jeffry BrunetInsiderBuy1,000$17.65$17,650.00View SEC Filing  
6/9/2015Sam KirschnerDirectorBuy3,000$17.07$51,210.00View SEC Filing  
6/5/2015Salvatore Francis MuliaDirectorBuy1,000$17.45$17,450.00View SEC Filing  
5/12/2015Barry SloaneCEOBuy1,000$18.40$18,400.00View SEC Filing  
12/10/2014Salvatore Francis MuliaDirectorBuy3,340$13.59$45,390.60View SEC Filing  
11/25/2014Salvatore Francis MuliaDirectorBuy1,000$14.00$14,000.00View SEC Filing  
11/19/2014Barry SloaneCEOBuy1,000$13.23$13,230.00View SEC Filing  
9/16/2014Salvatore Francis MuliaDirectorBuy3,000$2.72$8,160.00View SEC Filing  
9/3/2014Sam KirschnerDirectorBuy3,000$2.63$7,890.00View SEC Filing  
8/28/2014Barry SloaneCEOBuy2,000$2.84$5,680.00View SEC Filing  
8/27/2014Barry SloaneCEOBuy4,200$2.65$11,130.00View SEC Filing  
8/27/2014Sam KirschnerDirectorBuy1,000$2.72$2,720.00View SEC Filing  
8/26/2014Barry SloaneCEOBuy2,000$2.53$5,060.00View SEC Filing  
8/26/2014Sam KirschnerDirectorBuy3,000$2.55$7,650.00View SEC Filing  
8/25/2014Barry SloaneCEOBuy3,000$2.49$7,470.00View SEC Filing  
5/15/2014Barry SloaneCEOBuy4,000$2.66$10,640.00View SEC Filing  
5/14/2014Craig Jeffry BrunetInsiderBuy2,000$2.76$5,520.00View SEC Filing  
5/14/2014Salvatore Francis MuliaDirectorBuy9,800$2.78$27,244.00View SEC Filing  
5/13/2014Sam KirschnerDirectorBuy2,000$2.72$5,440.00View SEC Filing  
5/12/2014Barry SloaneCEOBuy7,200$2.69$19,368.00View SEC Filing  
5/12/2014Sam KirschnerDirectorBuy3,000$2.65$7,950.00View SEC Filing  
12/2/2013Salvatore Francis MuliaDirectorBuy5,750$2.60$14,950.00View SEC Filing  
11/27/2013Sam KirschnerDirectorBuy5,000$2.69$13,450.00View SEC Filing  
11/13/2013Salvatore Francis MuliaDirectorBuy4,000$2.80$11,200.00View SEC Filing  
11/8/2013Salvatore Francis MuliaDirectorBuy2,000$2.97$5,940.00View SEC Filing  
12/10/2012Sam KirschnerDirectorBuy5,000$1.80$9,000.00View SEC Filing  
8/30/2012Sam KirschnerDirectorBuy5,000$1.82$9,100.00View SEC Filing  
8/28/2012Sam KirschnerDirectorBuy2,258$1.74$3,928.92View SEC Filing  
8/7/2012Sam KirschnerDirectorBuy3,000$1.86$5,580.00View SEC Filing  
8/6/2012Sam KirschnerDirectorBuy4,000$1.68$6,720.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Chart

Newtek Business Services Corp. (NEWT) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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