About Newtek Business Services Corp. (NASDAQ:NEWT)
Newtek 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
- Market Cap: $301.39 million
- Outstanding Shares: 17,401,000
- 50 Day Moving Avg: $17.58
- 200 Day Moving Avg: $16.99
- 52 Week Range: $13.76 - $18.16
Sales & Book Value:
- Trailing P/E Ratio: 9.42
- Foreward P/E Ratio: 9.05
- P/E Growth: 3.26
- Annual Revenue: $35.85 million
- Price / Sales: 8.47
- Book Value: $14.35 per share
- Price / Book: 1.22
- Annual Dividend: $1.76
- Dividend Yield: 10.2%
- EBITDA: $2.91 million
- Net Margins: 81.35%
- Return on Equity: 7.97%
- Return on Assets: 4.23%
- Debt-to-Equity Ratio: 0.25%
- Current Ratio: 0.44%
- Quick Ratio: 0.44%
- 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?
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?
Some companies that are related to Newtek Business Services Corp. include National Commerce Corporation (NCOM), Anworth Mortgage Asset Corporation (ANH), People's Utah Bancorp (PUB), First Financial Corporation Indiana (THFF), Carolina Financial Corporation (CARO), Access National Corporation (ANCX), Triumph Bancorp (TBK), National Bank of Greece (NBG), First Defiance Financial Corp. (FDEF), Heritage Commerce Corp (HTBK), AG Mortgage Investment Trust (MITT), Blue Hills Bancorp (BHBK), PennantPark Investment Corporation (PNNT), CatchMark Timber Trust (CTT), BlackRock Capital Investment Corporation (BKCC), Southwest Bancorp (OKSB), Whitestone REIT (WSR) and UMH Properties (UMH).
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?
MarketBeat Community Rating for Newtek Business Services Corp. (NASDAQ NEWT)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.
One share of Newtek Business Services Corp. stock can currently be purchased for approximately $17.46.
Consensus Ratings for Newtek Business Services Corp. (NASDAQ:NEWT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Newtek Business Services Corp. (NASDAQ:NEWT)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$18.00||N/A|
|5/24/2017||Compass Point||Downgrade||Buy -> Neutral||High|
|11/18/2016||JMP Securities||Reiterated Rating||Hold||N/A|
|9/29/2016||DA Davidson||Reiterated Rating||Buy||$16.00||N/A|
|8/15/2016||Raymond James Financial, Inc.||Lower Price Target||Outperform||$16.00 -> $15.00||N/A|
Earnings History for Newtek Business Services Corp. (NASDAQ:NEWT)Earnings History by Quarter for Newtek Business Services Corp. (NASDAQ NEWT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||6/30/2017||$0.40||$0.41||$9.19 million||$9.90 million||View||Listen|
|5/4/2017||Q1 2017||$0.33||$0.40||$8.58 million||$8.99 million||View||Listen|
|3/6/2017||Q4 2016||$0.46||$0.46||$8.83 million||$9.10 million||View||Listen|
|8/8/2016||Q2||$0.37||$0.34||$6.93 million||$7.22 million||View||N/A|
|5/4/2016||Q1||$0.34||$0.34||$7.45 million||$6.79 million||View||N/A|
|11/3/2015||Q315||$0.45||$0.50||$5.94 million||$7.04 million||View||N/A|
|7/29/2015||Q215||$0.48||$0.49||$41.90 million||$5.61 million||View||Listen|
|11/14/2014||Q314||$0.35||$0.34||$38.60 million||$38.20 million||View||N/A|
|8/14/2014||Q214||$0.06||$0.07||$38.13 million||$41.27 million||View||N/A|
|8/6/2013||Q2 2013||$0.03||$0.05||$34.20 million||$37.01 million||View||N/A|
Earnings Estimates for Newtek Business Services Corp. (NASDAQ:NEWT)
2017 EPS Consensus Estimate: $1.71
2018 EPS Consensus Estimate: $1.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Newtek Business Services Corp. (NASDAQ:NEWT)
|Most Recent Dividend:||9/29/2017|
|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 History by Quarter for Newtek Business Services Corp. (NASDAQ NEWT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Newtek Business Services Corp. (NASDAQ:NEWT)
Insider Ownership Percentage: 6.70%Insider Trades by Quarter for Newtek Business Services Corp. (NASDAQ:NEWT)
Institutional Ownership Percentage: 22.83%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/11/2017||Barry Sloane||CEO||Buy||1,000||$16.49||$16,490.00|| |
|8/10/2017||Barry Sloane||CEO||Buy||1,000||$16.53||$16,530.00|| |
|6/16/2017||Salvatore Francis Mulia||Director||Buy||500||$16.18||$8,090.00|| |
|5/26/2017||Barry Sloane||CEO||Buy||1,000||$16.85||$16,850.00|| |
|5/26/2017||Salvatore Francis Mulia||Director||Buy||500||$16.90||$8,450.00|| |
|5/15/2017||Richard J Salute||Director||Buy||800||$17.42||$13,936.00|| |
|5/12/2017||Richard J Salute||Director||Buy||800||$17.15||$13,720.00|| |
|5/11/2017||Richard J Salute||Director||Buy||800||$16.87||$13,496.00|| |
|3/24/2017||Salvatore Francis Mulia||Director||Buy||835||$16.62||$13,877.70|| |
|3/23/2017||Sam Kirschner||Director||Buy||1,000||$16.50||$16,500.00|| |
|3/22/2017||Barry Sloane||CEO||Buy||700||$16.24||$11,368.00|| |
|3/22/2017||Nilesh Joshi||Insider||Buy||355||$16.14||$5,729.70|| |
|3/21/2017||Barry Sloane||CEO||Buy||700||$16.77||$11,739.00|| |
|12/21/2016||Salvatore Francis Mulia||Director||Buy||782||$15.80||$12,355.60|| |
|12/19/2016||Barry Sloane||CEO||Buy||1,000||$15.40||$15,400.00|| |
|11/29/2016||Barry Sloane||CEO||Buy||1,000||$15.05||$15,050.00|| |
|11/9/2016||Barry Sloane||CEO||Buy||1,000||$14.31||$14,310.00|| |
|11/7/2016||Barry Sloane||CEO||Buy||1,000||$14.90||$14,900.00|| |
|9/20/2016||Nilesh Joshi||Insider||Buy||800||$13.82||$11,056.00|| |
|3/23/2016||Sam Kirschner||Director||Buy||1,000||$11.95||$11,950.00|| |
|3/14/2016||Barry Sloane||CEO||Buy||1,000||$12.94||$12,940.00|| |
|3/11/2016||Sam Kirschner||Director||Buy||2,000||$12.79||$25,580.00|| |
|3/10/2016||Barry Sloane||CEO||Buy||1,000||$12.39||$12,390.00|| |
|3/10/2016||Michael Adam Schwartz||Insider||Buy||200||$12.35||$2,470.00|| |
|3/10/2016||Salvatore Francis Mulia||Director||Buy||2,000||$12.19||$24,380.00|| |
|1/4/2016||Richard J Salute||Director||Buy||91||$13.69||$1,245.79|| |
|8/24/2015||Sam Kirschner||Director||Buy||1,100||$15.63||$17,193.00|| |
|8/20/2015||Salvatore Francis Mulia||Director||Buy||1,000||$17.30||$17,300.00|| |
|8/19/2015||Craig Jeffry Brunet||Insider||Buy||1,000||$17.65||$17,650.00|| |
|6/9/2015||Sam Kirschner||Director||Buy||3,000||$17.07||$51,210.00|| |
|6/5/2015||Salvatore Francis Mulia||Director||Buy||1,000||$17.45||$17,450.00|| |
|5/12/2015||Barry Sloane||CEO||Buy||1,000||$18.40||$18,400.00|| |
|12/10/2014||Salvatore Francis Mulia||Director||Buy||3,340||$13.59||$45,390.60|| |
|11/25/2014||Salvatore Francis Mulia||Director||Buy||1,000||$14.00||$14,000.00|| |
|11/19/2014||Barry Sloane||CEO||Buy||1,000||$13.23||$13,230.00|| |
|9/16/2014||Salvatore Francis Mulia||Director||Buy||3,000||$2.72||$8,160.00|| |
|9/3/2014||Sam Kirschner||Director||Buy||3,000||$2.63||$7,890.00|| |
|8/28/2014||Barry Sloane||CEO||Buy||2,000||$2.84||$5,680.00|| |
|8/27/2014||Barry Sloane||CEO||Buy||4,200||$2.65||$11,130.00|| |
|8/27/2014||Sam Kirschner||Director||Buy||1,000||$2.72||$2,720.00|| |
|8/26/2014||Barry Sloane||CEO||Buy||2,000||$2.53||$5,060.00|| |
|8/26/2014||Sam Kirschner||Director||Buy||3,000||$2.55||$7,650.00|| |
|8/25/2014||Barry Sloane||CEO||Buy||3,000||$2.49||$7,470.00|| |
|5/15/2014||Barry Sloane||CEO||Buy||4,000||$2.66||$10,640.00|| |
|5/14/2014||Craig Jeffry Brunet||Insider||Buy||2,000||$2.76||$5,520.00|| |
|5/14/2014||Salvatore Francis Mulia||Director||Buy||9,800||$2.78||$27,244.00|| |
|5/13/2014||Sam Kirschner||Director||Buy||2,000||$2.72||$5,440.00|| |
|5/12/2014||Barry Sloane||CEO||Buy||7,200||$2.69||$19,368.00|| |
|5/12/2014||Sam Kirschner||Director||Buy||3,000||$2.65||$7,950.00|| |
|12/2/2013||Salvatore Francis Mulia||Director||Buy||5,750||$2.60||$14,950.00|| |
|11/27/2013||Sam Kirschner||Director||Buy||5,000||$2.69||$13,450.00|| |
|11/13/2013||Salvatore Francis Mulia||Director||Buy||4,000||$2.80||$11,200.00|| |
|11/8/2013||Salvatore Francis Mulia||Director||Buy||2,000||$2.97||$5,940.00|| |
|12/10/2012||Sam Kirschner||Director||Buy||5,000||$1.80||$9,000.00|| |
|8/30/2012||Sam Kirschner||Director||Buy||5,000||$1.82||$9,100.00|| |
|8/28/2012||Sam Kirschner||Director||Buy||2,258||$1.74||$3,928.92|| |
|8/7/2012||Sam Kirschner||Director||Buy||3,000||$1.86||$5,580.00|| |
|8/6/2012||Sam Kirschner||Director||Buy||4,000||$1.68||$6,720.00|| |
Headline Trends for Newtek Business Services Corp. (NASDAQ:NEWT)
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Newtek Business Services Corp. (NEWT) Chart for Saturday, October, 21, 2017