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

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$23.31 -0.13 (-0.55 %)
(As of 08/20/2018 02:25 AM ET)
Previous Close$23.31
Today's Range$23.17 - $23.5499
52-Week Range$16.01 - $24.24
Volume79,832 shs
Average Volume111,456 shs
Market Capitalization$408.55 million
P/E Ratio13.17
Dividend Yield7.25%
Beta1.15
NEWTEK Business Services logoNewtek 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.28
Current Ratio0.31
Quick Ratio0.31

Price-To-Earnings

Trailing P/E Ratio13.17
Forward P/E Ratio12.47
P/E Growth3.88

Sales & Book Value

Annual Sales$38.91 million
Price / Sales11.26
Cash Flow$1.3656 per share
Price / Cash17.07
Book Value$15.46 per share
Price / Book1.51

Profitability

EPS (Most Recent Fiscal Year)$1.77
Net Income$38.97 million
Net Margins105.34%
Return on Equity8.86%
Return on Assets4.52%

Miscellaneous

Employees162
Outstanding Shares18,790,000
Market Cap$408.55 million

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 Monday, May 14th. Investors of record on Friday, June 15th will be paid a dividend of $0.42 per share on Friday, June 29th. This represents a $1.68 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Thursday, June 14th. This is a positive change from NEWTEK Business Services's previous quarterly dividend of $0.40. View NEWTEK Business Services' Dividend History.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) issued its quarterly earnings data on Wednesday, August, 1st. The business services provider reported $0.44 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.42 by $0.02. The business services provider earned $11.40 million during the quarter, compared to analyst estimates of $11.47 million. NEWTEK Business Services had a net margin of 105.34% and a return on equity of 8.86%. 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, 7th 2018. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

3 analysts have issued 12-month target prices for NEWTEK Business Services' shares. Their forecasts range from $19.00 to $19.00. On average, they anticipate NEWTEK Business Services' stock price to reach $19.00 in the next twelve months. This suggests that the stock has a possible downside of 18.5%. 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 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NEWTEK Business Services.

Who are some of NEWTEK Business Services' key competitors?

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the folowing people:
  • Mr. Barry Scott Sloane, Chairman, Pres & CEO (Age 58)
  • Ms. Jennifer Catherine Eddelson CPA, Exec. VP & Chief Accounting Officer (Age 45)
  • Mr. John Raven, Chief Technology Officer & Chief Information Security Officer (Age 53)
  • Mr. Michael Adam Schwartz, Chief Legal Officer, Chief Compliance Officer & Sec. (Age 57)
  • Mr. Peter Mathison Downs, Chief Lending Officer & Director (Age 53)

Has NEWTEK Business Services been receiving favorable news coverage?

Press coverage about NEWT stock has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NEWTEK Business Services earned a news and rumor sentiment score of 0.20 on Accern's scale. They also gave media headlines about the business services provider an impact score of 48.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for NEWTEK Business Services.

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by many different of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (2.35%), Bard Associates Inc. (0.90%), Mckinley Capital Management LLC Delaware (0.84%), Van ECK Associates Corp (0.71%), Raymond James & Associates (0.44%) and Sumitomo Mitsui Asset Management Company LTD (0.32%). Company insiders that own NEWTEK Business Services stock include Barry Sloane, Gregory L Zink, Nilesh Joshi, Peter Mathison Downs, Richard J Salute, Salvatore Francis Mulia and Sam Kirschner. 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 Bank of America Corp DE, Bard Associates Inc. and Bramshill Investments LLC. View Insider Buying and Selling for NEWTEK Business Services.

Which major investors are buying NEWTEK Business Services stock?

NEWT stock was bought by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Raymond James & Associates, GSA Capital Partners LLP, Captrust Financial Advisors, Mckinley Capital Management LLC Delaware, Sumitomo Mitsui Asset Management Company LTD, Van ECK Associates Corp and California Public Employees Retirement System. Company insiders that have bought NEWTEK Business Services stock in the last two years include Barry Sloane, Gregory L Zink, Nilesh Joshi, Peter Mathison Downs, Richard J Salute, Salvatore Francis Mulia and Sam Kirschner. 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, Scottrade, Fidelity and Charles Schwab.

What is NEWTEK Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $23.31.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $408.55 million and generates $38.91 million in revenue each year. The business services provider earns $38.97 million in net income (profit) each year or $1.77 on an earnings per share basis. NEWTEK Business Services employs 162 workers across the globe.

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:  2.8 out of 5 (star star)
Outperform Votes:  213 (Vote Outperform)
Underperform Votes:  167 (Vote Underperform)
Total Votes:  380
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 8/20/2018 by MarketBeat.com Staff

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