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NEWTEK Business Services Stock Price, News & Analysis (NASDAQ:NEWT)

$21.43
+0.03 (+0.14 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$21.36
Now: $21.43
$21.93
50-Day Range
$21.08
MA: $22.60
$23.93
52-Week Range
$15.59
Now: $21.43
$23.99
Volume192,695 shs
Average Volume143,729 shs
Market Capitalization$410.60 million
P/E Ratio11.05
Dividend Yield10.84%
Beta1.22
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NEWT
CUSIPN/A
Phone212-356-9500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$49.51 million
Cash Flow$2.00 per share
Book Value$15.21 per share

Profitability

Net Income$35.68 million

Miscellaneous

Employees175
Market Cap$410.60 million
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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NEWTEK Business Services (NASDAQ:NEWT) Frequently Asked Questions

What is NEWTEK Business Services' stock symbol?

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

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 Thursday, October 10th. Investors of record on Monday, December 16th will be given a dividend of $0.71 per share on Monday, December 30th. This represents a $2.84 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from NEWTEK Business Services's previous quarterly dividend of $0.58. View NEWTEK Business Services' Dividend History.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) announced its quarterly earnings data on Tuesday, August, 6th. The business services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.01. The business services provider earned $14.15 million during the quarter, compared to analysts' expectations of $14.33 million. NEWTEK Business Services had a net margin of 68.61% and a return on equity of 9.87%. View NEWTEK Business Services' Earnings History.

When is NEWTEK Business Services' next earnings date?

NEWTEK Business Services is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

3 equities research analysts have issued 12-month price targets for NEWTEK Business Services' stock. Their predictions range from $15.68 to $19.00. On average, they anticipate NEWTEK Business Services' share price to reach $17.89 in the next twelve months. This suggests that the stock has a possible downside of 16.5%. View Analyst Price Targets for NEWTEK Business Services.

What is the consensus analysts' recommendation for NEWTEK Business Services?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NEWTEK Business Services in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

News headlines about NEWT stock have trended negative on Sunday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. NEWTEK Business Services earned a news impact score of -2.6 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for NEWTEK Business Services.

Who are some of NEWTEK Business Services' key competitors?

What other stocks do shareholders of NEWTEK Business Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NEWTEK Business Services investors own include Ares Capital (ARCC), New Residential Investment (NRZ), Energy Transfer LP Unit (ET), AT&T (T), Hercules Capital (HTGC), Triplepoint Venture Growth BDC (TPVG), Prospect Capital (PSEC), Monroe Capital (MRCC), Oxford Lane Capital (OXLC) and Ladder Capital (LADR).

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the folowing people:
  • Mr. Barry Scott Sloane, Chairman, Pres & CEO (Age 59)
  • Ms. Jennifer Catherine Eddelson CPA, Exec. VP & Chief Accounting Officer (Age 46)
  • Mr. Michael Adam Schwartz, Chief Legal Officer, Chief Compliance Officer & Sec. (Age 58)
  • Mr. Peter Mathison Downs, Chief Lending Officer & Director (Age 54)
  • Ms. Jayne L. Cavuoto-Krafchik, Director of Investor Relations

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Wiley BROS. Aintree Capital LLC (0.37%). Company insiders that own NEWTEK Business Services stock include Barry Sloane, Gregory L Zink, Peter Mathison Downs, Richard J Salute and Salvatore Francis Mulia. View Institutional Ownership Trends for NEWTEK Business Services.

Which major investors are selling NEWTEK Business Services stock?

NEWT stock was sold by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC. View Insider Buying and Selling for NEWTEK Business Services.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is NEWTEK Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $21.43.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $410.60 million and generates $49.51 million in revenue each year. The business services provider earns $35.68 million in net income (profit) each year or $1.94 on an earnings per share basis. NEWTEK Business Services employs 175 workers across the globe.View Additional Information About NEWTEK Business Services.

What is NEWTEK Business Services' official website?

The official website for NEWTEK Business Services is http://www.newtekone.com/.

How can I contact NEWTEK Business Services?

NEWTEK Business Services' mailing address is 1981 Marcus Avenue Suite 130, Lake Success NY, 11042. The business services provider can be reached via phone at 212-356-9500 or via email at [email protected]


MarketBeat Community Rating for NEWTEK Business Services (NASDAQ NEWT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  276 (Thanks for Voting!)
Underperform Votes:  256 (Thanks for Voting!)
Total Votes:  532
MarketBeat's community ratings are surveys of what our community members think about NEWTEK Business Services and other stocks. Vote "Outperform" if you believe NEWT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEWT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/13/2019 by MarketBeat.com Staff

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