Newtek Business Services - NEWT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newtek Business Services in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NEWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWT, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 12 month price targets for Newtek Business Services' stock. Their NEWT share price forecasts range from $22.00 to $22.00. On average, they anticipate the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 40.1% from the stock's current price.
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Newtek Business Services' stock was trading at $27.63 at the beginning of the year. Since then, NEWT shares have decreased by 43.2% and is now trading at $15.70.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
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Newtek Business Services Corp. (NASDAQ:NEWT) released its quarterly earnings data on Wednesday, August, 3rd. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The business services provider had revenue of $19.23 million for the quarter, compared to analysts' expectations of $20.16 million. Newtek Business Services had a net margin of 109.21% and a trailing twelve-month return on equity of 16.36%. During the same quarter in the previous year, the business earned $1.20 earnings per share.

Newtek Business Services declared a quarterly dividend on Tuesday, August 30th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.65 per share on Friday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 16.56%. The ex-dividend date of this dividend is Monday, September 19th.
Read our dividend analysis for NEWT.

Newtek Business Services (NASDAQ:NEWT) pays an annual dividend of $2.60 per share and currently has a dividend yield of 15.71%. NEWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 102.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NEWT will have a dividend payout ratio of 79.03% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEWT.

95 employees have rated Newtek Business Services Chief Executive Officer Barry Sloane on Glassdoor.com. Barry Sloane has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Newtek Business Services investors own include Ares Capital (ARCC), Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Hercules Capital (HTGC), Annaly Capital Management (NLY), Enterprise Products Partners (EPD), Prospect Capital (PSEC), TriplePoint Venture Growth BDC (TPVG) and NGL Energy Partners (NGL).

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

Newtek Business Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include Royce & Associates LP (2.02%), Van ECK Associates Corp (1.43%), Advisors Asset Management Inc. (0.92%), Millennium Management LLC (0.87%), RMB Capital Management LLC (0.51%) and D.A. Davidson & CO. (0.40%). Insiders that own company stock include Barry Sloane, Gregory L Zink, Peter Mathison Downs and Richard J Salute.
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Shares of NEWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEWT stock can currently be purchased for approximately $15.70.

Newtek Business Services (NASDAQ:NEWT) has a market capitalization of $382.39 million and generates $108.49 million in revenue each year. The business services provider earns $84.14 million in net income (profit) each year or $2.54 on an earnings per share basis.

The company employs 104 workers across the globe.

Newtek Business Services' mailing address is 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042. The official website for the company is www.newtekone.com. The business services provider can be reached via phone at (212) 356-9500 or via email at jcavuoto@newtekone.com.