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

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

NEWTEK Business Services declared a quarterly dividend on Thursday, October 10th. Investors of record on Monday, December 16th will be paid a dividend of $0.71 per share on Monday, December 30th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 12.28%. 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.

NEWTEK Business Services Corp (NASDAQ:NEWT) issued its earnings results on Wednesday, November, 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.56 by $0.07. The business services provider earned $16.02 million during the quarter, compared to analyst estimates of $13.68 million. NEWTEK Business Services had a return on equity of 14.42% and a net margin of 61.37%. View NEWTEK Business Services' Earnings History.

NEWTEK Business Services is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for NEWTEK Business Services.

3 brokerages have issued 1 year price objectives for NEWTEK Business Services' shares. Their forecasts range from $15.68 to $19.00. On average, they expect NEWTEK Business Services' share price to reach $17.89 in the next twelve months. This suggests that the stock has a possible downside of 22.6%. View Analyst Price Targets 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NEWTEK Business Services.

News coverage about NEWT stock has been trending very negative on Tuesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. 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 media sentiment score of -3.4 on InfoTrie's scale. They also gave news 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 impact on the company's share price in the near term. View News Stories for NEWTEK Business Services.

NEWTEK Business Services saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,460,000 shares, an increase of 5.0% from the September 30th total of 1,390,000 shares. Based on an average daily volume of 130,900 shares, the short-interest ratio is presently 11.2 days. Approximately 8.0% of the company's shares are sold short. View NEWTEK Business Services' Current Options Chain.

Some companies that are related to NEWTEK Business Services include Cardtronics (CATM), Stamps.com (STMP), CBIZ (CBZ), Conduent (CNDT), GreenSky (GSKY), Viad (VVI), Qiwi (QIWI), LendingClub (LC), Radware (RDWR), Phreesia (PHR), Tabula Rasa HealthCare (TRHC), Cass Information Systems (CASS), TechTarget (TTGT), QuinStreet (QNST) and B. Riley Financial (RILY).

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

NEWTEK Business Services' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Wiley BROS. Aintree Capital LLC (0.37%), California Public Employees Retirement System (0.30%), Commonwealth Equity Services LLC (0.28%), Navellier & Associates Inc (0.28%), American Asset Management Inc. (0.18%) and First Allied Advisory Services Inc. (0.17%). 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.

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

NEWT stock was bought by a variety of institutional investors in the last quarter, including Navellier & Associates Inc, Cavalier Investments LLC, D.A. Davidson & CO., Envestnet Asset Management Inc., First Allied Advisory Services Inc., California Public Employees Retirement System, AE Wealth Management LLC and American Asset Management Inc.. Company insiders that have bought NEWTEK Business Services stock in the last two years include Barry Sloane, Gregory L Zink, Peter Mathison Downs, Richard J Salute and Salvatore Francis Mulia. View Insider Buying and Selling for 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.

One share of NEWT stock can currently be purchased for approximately $23.12.

NEWTEK Business Services has a market capitalization of $458.15 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.

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

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]