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NASDAQ:NEWTNEWTEK Business Services Stock Price, Forecast & News

$17.86
-0.09 (-0.50 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$17.78
Now: $17.86
$18.15
50-Day Range
$13.79
MA: $17.24
$18.61
52-Week Range
$7.59
Now: $17.86
$23.99
Volume160,724 shs
Average Volume184,512 shs
Market Capitalization$373.45 million
P/E Ratio13.85
Dividend Yield9.85%
Beta1.36
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. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp., formerly known as Newtek Business Services Inc., was incorporated on August 26, 2013 and is headquartered in Lake Success, New York with additional offices in Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.
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NEWTEK Business Services logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


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$59.29 million
Cash Flow$2.42 per share
Book Value$16.26 per share

Profitability

Net Income$41.13 million

Miscellaneous

Employees175
Market Cap$373.45 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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NEWTEK Business Services (NASDAQ:NEWT) Frequently Asked Questions

How has NEWTEK Business Services' stock been impacted by COVID-19 (Coronavirus)?

NEWTEK Business Services' stock was trading at $15.30 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NEWT stock has increased by 16.7% and is now trading at $17.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of NEWTEK Business Services?

2 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 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for NEWTEK Business Services.

When is NEWTEK Business Services' next earnings date?

NEWTEK Business Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for NEWTEK Business Services.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) announced its earnings results on Thursday, May, 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.22. The business services provider had revenue of $15.80 million for the quarter, compared to the consensus estimate of $16.56 million. NEWTEK Business Services had a net margin of 40.43% and a return on equity of 13.33%. View NEWTEK Business Services' earnings history.

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

NEWTEK Business Services declared a quarterly dividend on Monday, June 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.56 per share on Friday, July 31st. This represents a $2.24 dividend on an annualized basis and a yield of 12.54%. The ex-dividend date of this dividend is Tuesday, July 14th. This is a boost from NEWTEK Business Services's previous quarterly dividend of $0.44. View NEWTEK Business Services' dividend history.

What guidance has NEWTEK Business Services issued on next quarter's earnings?

NEWTEK Business Services issued an update on its second quarter earnings guidance on Friday, June, 12th. The company provided EPS guidance of $1.30-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.46.

What price target have analysts set for NEWT?

2 brokerages have issued 12 month target prices for NEWTEK Business Services' shares. Their forecasts range from $16.00 to $16.00. On average, they anticipate NEWTEK Business Services' share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View analysts' price targets for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

Media headlines about NEWT stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. NEWTEK Business Services earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news about NEWTEK Business Services.

Who are some of NEWTEK Business Services' key competitors?

What other stocks do shareholders of NEWTEK Business Services own?

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the following 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

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 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 $17.86.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $373.45 million and generates $59.29 million in revenue each year. The business services provider earns $41.13 million in net income (profit) each year or $2.33 on an earnings per share basis. NEWTEK Business Services employs 175 workers across the globe.

What is NEWTEK Business Services' official website?

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

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 7/4/2020 by MarketBeat.com Staff

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