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

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

NEWTEK Business Services declared a quarterly dividend on Thursday, October 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 13.10%. The ex-dividend date is Friday, December 13th. This is a positive change from NEWTEK Business Services's previous quarterly dividend of $0.58. View NEWTEK Business Services' Dividend History.

NEWTEK Business Services Corp (NASDAQ:NEWT) announced 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 analysts' expectations 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.

2 Wall Street analysts have issued 12-month price targets for NEWTEK Business Services' stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate NEWTEK Business Services' share price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 12.4%. View Analyst Price Targets for 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 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NEWTEK Business Services.

Media headlines about NEWT stock have been trending extremely negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. 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 coverage optimism score of -5.0 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for NEWTEK Business Services.

Some companies that are related to NEWTEK Business Services include GreenSky (GSKY), CBIZ (CBZ), Stamps.com (STMP), Viad (VVI), Radware (RDWR), Tabula Rasa HealthCare (TRHC), Qiwi (QIWI), LendingClub (LC), Phreesia (PHR), Conduent (CNDT), i3 Verticals (IIIV), Cass Information Systems (CASS), Fiverr International (FVRR), Emerald Expositions Events (EEX) and TechTarget (TTGT).

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), AT&T (T), New Residential Investment (NRZ), Hercules Capital (HTGC), Prospect Capital (PSEC), Triplepoint Venture Growth BDC (TPVG), Main Street Capital (MAIN), Oxford Lane Capital (OXLC) and NGL Energy Partners (NGL).

NEWTEK Business Services' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Mckinley Capital Management LLC Delaware (0.72%), Wiley BROS. Aintree Capital LLC (0.39%), California Public Employees Retirement System (0.26%) and AE Wealth Management LLC (0.14%). 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 California Public Employees Retirement System and Wiley BROS. Aintree Capital 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 AE Wealth Management LLC and Mckinley Capital Management LLC Delaware. 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 $21.68.

NEWTEK Business Services has a market capitalization of $429.70 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]