Newtek Business Services Company Profile (NASDAQ:NEWT)

About Newtek Business Services

Newtek Business Services logoNewtek Business Services Corp. is a non-diversified closed-end management investment company. The Company is engaged in non-bank lending providing a range of business services and financial products under the Newtek brand to the small- and medium-sized business (SMB) market. Its products and services consist of Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), e-commerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll Solutions. The Company offers services along with its controlled portfolio companies. The Company's portfolio consists of guaranteed and unguaranteed non-affiliate loan investments that are through its small business finance platform.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Business Services
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: NEWT
  • CUSIP:
Key Metrics:
  • Previous Close: $13.95
  • 50 Day Moving Average: $13.65
  • 200 Day Moving Average: $12.95
  • 52-Week Range: $9.37 - $19.18
  • Trailing P/E Ratio: 5.66
  • Foreward P/E Ratio: 7.42
  • P/E Growth: 2.84
  • Market Cap: $202.15M
  • Outstanding Shares: 14,491,000
  • Beta: 0.83
Profitability:
  • Net Margins: 86.08%
Additional Links:
Companies Related to Newtek Business Services:

Analyst Ratings

Consensus Ratings for Newtek Business Services (NASDAQ:NEWT) (?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $15.67 (12.31% upside)

Analysts' Ratings History for Newtek Business Services (NASDAQ:NEWT)
Show:
DateFirmActionRatingPrice TargetDetails
8/15/2016Raymond James Financial Inc.Lower Price TargetOutperform$16.00 -> $15.00View Rating Details
6/16/2016DA DavidsonInitiated CoverageBuy$16.00View Rating Details
12/10/2015Keefe, Bruyette & WoodsInitiated CoverageOutperform$16.00View Rating Details
9/17/2015Compass PointInitiated CoverageNeutral$17.50View Rating Details
8/3/2015Singular ResearchBoost Price TargetBuy$20.00 -> $22.00View Rating Details
4/22/2015Ladenburg ThalmannInitiated CoverageNeutralView Rating Details
2/24/2015JMP SecuritiesInitiated CoverageMarket PerformView Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for Newtek Business Services (NASDAQ:NEWT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
8/8/2016Q2$0.37$0.34ViewN/AView Earnings Details
5/4/2016Q1$0.34$0.34ViewN/AView Earnings Details
11/3/2015Q315$0.45$0.50$5.58 millionViewN/AView Earnings Details
7/29/2015Q215$0.48$0.49$41.90 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
5/7/2014Q413$0.04$0.04$37.59 million$36.10 millionViewN/AView Earnings Details
3/31/2014$0.05$0.06ViewN/AView Earnings Details
11/6/2013Q313$0.05$0.05$37.09 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 (NASDAQ:NEWT)
Current Year EPS Consensus Estimate: $1.63 EPS
Next Year EPS Consensus Estimate: $1.88 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.42$0.42$0.42
Q2 20162$0.36$0.43$0.40
Q3 20162$0.41$0.42$0.42
Q4 20162$0.45$0.51$0.48
Q1 20171$0.34$0.34$0.34
Q2 20171$0.37$0.37$0.37
Q3 20171$0.46$0.46$0.46
Q4 20171$0.55$0.55$0.55
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Newtek Business Services (NASDAQ:NEWT)
Annual Dividend:$1.72
Dividend Yield:12.33%
Payout Ratio:85.15% (Based on Trailing 12 Months of Earnings)
105.52% (Based on Current Year Consensus EPS Estimate)
91.49% (Based on Next Year Consensus EPS Estimate)

Dividend History for Newtek Business Services (NASDAQ:NEWT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Newtek Business Services (NASDAQ:NEWT)
Insider Ownership Percentage: 7.79%
Institutional Ownership Percentage: 21.64%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Newtek Business Services (NASDAQ:NEWT)
DateHeadline
News IconBroker Changes For Newtek Business Services Inc. (NEWT) - NewsDen (NASDAQ:NEWT)
newsden.net - September 28 at 6:05 PM
publicnow.com logoNewtek to Host Analyst and Investor Day (NASDAQ:NEWT)
www.publicnow.com - September 21 at 10:30 AM
News IconNewtek Business Services Inc. (NEWT) Sees Strong Trading Volume - NewsDen (NASDAQ:NEWT)
newsden.net - September 13 at 11:13 AM
finance.yahoo.com logoNewtek Business Services Corp. to Present at the JMP Securities Financial Services & Real Estate Conference (NASDAQ:NEWT)
finance.yahoo.com - September 13 at 11:13 AM
seekingalpha.com logoGARS Leads Business Development Dog Gains In September (NASDAQ:NEWT)
seekingalpha.com - September 9 at 11:04 AM
reuters.com logoBRIEF-Newtek Business Services reconfirms FY 2016 dividend forecast of about $1.53 per share (NASDAQ:NEWT)
www.reuters.com - September 7 at 6:33 PM
publicnow.com logoNewtek Declares Third Quarter Dividend of $0.43 Per Share (NASDAQ:NEWT)
www.publicnow.com - September 7 at 6:33 PM
seekingalpha.com logoProspect Capital's Valuation, NAV, And Dividend Compared To 10 BDC Peers (Post Calendar Q2 2016 Earnings) - Part 1 - Seeking Alpha (NASDAQ:NEWT)
seekingalpha.com - September 7 at 9:55 AM
News IconPayza Integrates Interac Into its Platform and other Digital Transactions News briefs (NASDAQ:NEWT)
www.digitaltransactions.net - August 23 at 6:35 PM
publicnow.com logoNewtek Portfolio Company Acquires the Talent of Two Senior Executives (NASDAQ:NEWT)
www.publicnow.com - August 23 at 10:51 AM
finance.yahoo.com logoNEWTEK BUSINESS SERVICES CORP. Financials (NASDAQ:NEWT)
finance.yahoo.com - August 19 at 6:20 PM
seekingalpha.com logoThe A-Team: Updated Ratings Following Recent Earnings And News - Seeking Alpha (NASDAQ:NEWT)
seekingalpha.com - August 17 at 6:38 PM
finance.yahoo.com logoEdited Transcript of NEWT earnings conference call or presentation 9-Aug-16 12:30pm GMT (NASDAQ:NEWT)
finance.yahoo.com - August 10 at 9:31 AM
4-traders.com logoNEWTEK Business Services : posts 2Q profit (NASDAQ:NEWT)
www.4-traders.com - August 9 at 9:36 AM
sg.finance.yahoo.com logoNewtek posts 2Q profit (NASDAQ:NEWT)
sg.finance.yahoo.com - August 9 at 9:36 AM
biz.yahoo.com logoNEWTEK BUSINESS SERVICES CORP. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement (NASDAQ:NEWT)
biz.yahoo.com - August 9 at 9:36 AM
twst.com logoNewtek Business Services Inc.: Newtek Business Services Corp. Reports Second Quarter 2016 Financial Results (NASDAQ:NEWT)
www.twst.com - August 8 at 6:38 PM
biz.yahoo.com logoQ2 2016 Newtek Business Services Corp Earnings Release - 4:10 pm ET (NASDAQ:NEWT)
biz.yahoo.com - August 8 at 11:05 AM
twst.com logoNewtek Business Services Inc.: Newtek Reports an Approximate 41% Year-Over-Year Increase in SBA 7(a) Loan ... - The Wall Street Transcript (NASDAQ:NEWT)
www.twst.com - August 2 at 6:44 PM
twst.com logoNewtek Business Services Inc.: Newtek Reports an Approximate 41% Year-Over ... (NASDAQ:NEWT)
www.twst.com - August 2 at 11:15 AM
finance.yahoo.com logo12:13 pm Newtek's Small Business Finance unit reports Q2 SBA 7(a) loan fundings +41% y/y to $75.8 mln (NASDAQ:NEWT)
finance.yahoo.com - August 1 at 6:10 PM
publicnow.com logoNewtek Reports an Approximate 41% Year-Over-Year Increase in SBA 7(a) Loan Fundings to $75.8 Million for the Second Quarter of 2016 (NASDAQ:NEWT)
www.publicnow.com - August 1 at 6:10 PM
biz.yahoo.com logoNEWTEK BUSINESS SERVICES CORP. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:NEWT)
biz.yahoo.com - July 29 at 9:50 AM
seekingalpha.com logoUpcoming Dividend Cuts For BDCs: Part 2 - Ares Capital (NASDAQ ... - Seeking Alpha (NASDAQ:NEWT)
seekingalpha.com - July 27 at 6:43 PM
News IconNewtek Business Services Corporation MA (NASDAQ:NEWT) Shorts Decreased by 11.08% After Short Covering - Press Telegraph (NASDAQ:NEWT)
presstelegraph.com - July 23 at 10:18 AM
News IconAre Analysts Bearish NEWTEK Business Services Corp (NASDAQ:NEWT) After Last Week? - Consumer Eagle (NASDAQ:NEWT)
www.consumereagle.com - July 23 at 10:18 AM
publicnow.com logoNewtek Business Services Corp. to Report Second Quarter 2016 Financial Results on Monday, August 8, 2016 After Market Close (NASDAQ:NEWT)
www.publicnow.com - July 15 at 1:49 PM
News IconHow Many NEWTEK Business Services Corp (NASDAQ:NEWT)'s Analysts Are Bullish? - Consumer Eagle (NASDAQ:NEWT)
www.consumereagle.com - July 15 at 11:11 AM
News IconInstitutional Investors Love Newtek Business Services Inc (NASDAQ:NEWT) - Consumer Eagle (NASDAQ:NEWT)
www.consumereagle.com - July 15 at 11:11 AM
ftsenews.co.uk logoNewtek Business Services Inc. (NEWT) Updated Price Targets - FTSE News (NASDAQ:NEWT)
www.ftsenews.co.uk - July 13 at 6:48 PM
fiscalstandard.com logoBroker Outlook For Newtek Business Services Inc. (NEWT) - Fiscal Standard (NASDAQ:NEWT)
www.fiscalstandard.com - July 8 at 9:23 AM
biz.yahoo.com logoNEWTEK BUSINESS SERVICES CORP. Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:NEWT)
biz.yahoo.com - July 8 at 9:17 AM
ftsenews.co.uk logoNew Broker Ratings For Newtek Business Services Inc. (NEWT) - FTSE News (NASDAQ:NEWT)
www.ftsenews.co.uk - July 6 at 6:37 PM
fiscalstandard.com logoNewtek Business Services Inc. (NEWT) Broker Price Targets For The Coming Week - Fiscal Standard (NASDAQ:NEWT)
www.fiscalstandard.com - July 6 at 11:03 AM
News IconNewtek Business Services Corporation MA (NASDAQ:NEWT) Short Interest Increased By 34.15% - Press Telegraph (NASDAQ:NEWT)
presstelegraph.com - July 1 at 6:27 PM
twst.com logoNewtek Business Services Inc.: Newtek Business Services Corp. Acquires banc-serv Partners, LLC - The Wall Street Transcript (NASDAQ:NEWT)
www.twst.com - July 1 at 6:27 PM
News IconHow Analysts Rated NEWTEK Business Services Corp (NASDAQ:NEWT) Last Week? - Press Telegraph (NASDAQ:NEWT)
presstelegraph.com - July 1 at 9:16 AM
nasdaq.com logoNewtek Business Services Corp. Acquires banc-serv Partners, LLC - Nasdaq (NASDAQ:NEWT)
www.nasdaq.com - July 1 at 9:16 AM
nasdaq.com logoNewtek Business Services Acquires Banc-serv Partners; Plans to Retain Latter's Senior Management Team (NASDAQ:NEWT)
www.nasdaq.com - June 30 at 6:46 PM
4-traders.com logoNEWTEK BUSINESS SERVICES CORP. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NASDAQ:NEWT)
www.4-traders.com - June 30 at 9:19 AM
streetinsider.com logoNewtek Business Services (NEWT) Buys banc-serv Partners (NASDAQ:NEWT)
www.streetinsider.com - June 30 at 9:19 AM
reuters.com logoBRIEF-Newtek Business Services Corp Acquires Banc-Serv Partners, LLC (NASDAQ:NEWT)
www.reuters.com - June 30 at 9:19 AM
globenewswire.com logoNewtek Business Services Corp. Acquires banc-serv Partners, LLC - GlobeNewswire (press release) (NASDAQ:NEWT)
www.globenewswire.com - June 29 at 6:20 PM
biz.yahoo.com logoNEWTEK BUSINESS SERVICES CORP. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:NEWT)
biz.yahoo.com - June 29 at 4:55 PM
News IconNewtek Business Services Corp. (NASDAQ:NEWT) Company Rating and Target Watch - Telanagana Press (NASDAQ:NEWT)
telanaganapress.com - June 29 at 9:15 AM
News IconNewtek Business Services Corporation MA (NASDAQ:NEWT) Shorted Shares Increased By 34.15% - Press Telegraph (NASDAQ:NEWT)
presstelegraph.com - June 27 at 6:17 PM
News IconDA Davidson Initiates Coverage on NEWTEK Business Services Corp to Buy - TheFounders Daily (NASDAQ:NEWT)
www.thefoundersdaily.com - June 25 at 5:57 PM
4-traders.com logoNEWTEK BUSINESS SERVICES CORP. : Regulation FD Disclosure (form 8-K) (NASDAQ:NEWT)
www.4-traders.com - June 25 at 10:10 AM
investornewswire.com logoStrong Sell Calls Recommendations For Newtek Business Services Corp. (NASDAQ:NEWT) At 0 - Investor Newswire (NASDAQ:NEWT)
www.investornewswire.com - June 24 at 6:23 PM
News IconCovering the Bases on Newtek Business Services Corp. (NASDAQ:NEWT): Where is the Stock Going? - Press Telegraph (NASDAQ:NEWT)
presstelegraph.com - June 24 at 9:02 AM

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Newtek Business Services (NASDAQ:NEWT) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff