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NASDAQ:NEWT - NEWTEK Business Services Stock Price, Forecast & News

$23.52
+0.02 (+0.09 %)
(As of 12/12/2019 04:00 PM ET)
Today's Range
$23.39
Now: $23.52
$23.68
50-Day Range
$21.95
MA: $22.82
$23.58
52-Week Range
$15.59
Now: $23.52
$23.99
Volume6,055 shs
Average Volume127,191 shs
Market Capitalization$466.17 million
P/E Ratio12.12
Dividend Yield9.92%
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$2.01 per share
Book Value$15.21 per share

Profitability

Net Income$35.68 million

Miscellaneous

Employees175
Market Cap$466.17 million
Next Earnings Date3/4/2020 (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 declared a quarterly dividend on Thursday, October 10th. Stockholders 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 dividend yield of 12.07%. The ex-dividend date is Friday, December 13th. This is a boost 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) posted its earnings results on Wednesday, November, 6th. The business services provider reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.07. The business services provider had revenue of $16.02 million for the quarter, compared to the consensus estimate of $13.68 million. NEWTEK Business Services had a net margin of 61.37% and a return on equity of 14.42%. 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, March 4th 2020. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

3 brokerages have issued 12 month target prices for NEWTEK Business Services' stock. Their forecasts range from $15.68 to $19.00. On average, they anticipate NEWTEK Business Services' stock price to reach $17.89 in the next year. This suggests that the stock has a possible downside of 23.9%. 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

Headlines about NEWT stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring 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 nearest to five being the most favorable. NEWTEK Business Services earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for NEWTEK Business Services.

Are investors shorting NEWTEK Business Services?

NEWTEK Business Services saw a increase in short interest in November. As of November 15th, there was short interest totalling 1,460,000 shares, an increase of 5.0% from the October 31st total of 1,390,000 shares. Based on an average daily trading volume, of 130,900 shares, the short-interest ratio is currently 11.2 days. Currently, 8.0% of the company's stock are short sold. View NEWTEK Business Services' Current Options Chain.

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 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 a variety of of retail and institutional investors. Top institutional shareholders include Millennium Management LLC (0.39%), 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%) and Stifel Financial Corp (0.21%). 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 institutional investors are selling NEWTEK Business Services stock?

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

Which institutional investors are buying NEWTEK Business Services stock?

NEWT stock was purchased 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.

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 $23.52.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $466.17 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:  286 (Vote Outperform)
Underperform Votes:  273 (Vote Underperform)
Total Votes:  559
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 12/12/2019 by MarketBeat.com Staff

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