NASDAQ:NEWT - NEWTEK Business Services Stock Price, Price Target & More

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$21.05 +0.30 (+1.45 %)
(As of 07/18/2018 04:00 PM ET)
Previous Close$20.75
Today's Range$20.75 - $21.11
52-Week Range$16.01 - $21.11
Volume107,600 shs
Average Volume111,365 shs
Market Capitalization$383.60 million
P/E Ratio11.89
Dividend Yield8.18%
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


Debt-to-Equity Ratio0.24
Current Ratio0.37
Quick Ratio0.37


Trailing P/E Ratio11.89
Forward P/E Ratio11.26
P/E Growth3.66

Sales & Book Value

Annual Sales$38.91 million
Price / Sales10.10
Cash Flow$1.3050 per share
Price / Cash16.13
Book Value$15.46 per share
Price / Book1.36


EPS (Most Recent Fiscal Year)$1.77
Net Income$38.97 million
Net Margins107.67%
Return on Equity8.74%
Return on Assets4.51%


Outstanding Shares18,670,000
Market Cap$383.60

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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 Monday, May 14th. Shareholders of record on Friday, June 15th will be given a dividend of $0.42 per share on Friday, June 29th. This represents a $1.68 annualized dividend and a yield of 7.98%. 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 earnings results on Wednesday, May, 2nd. The business services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.06. The business services provider had revenue of $11.07 million for the quarter, compared to analyst estimates of $10.72 million. NEWTEK Business Services had a net margin of 107.67% and a return on equity of 8.74%. 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, August, 1st 2018. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

2 equities research analysts have issued twelve-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 year. This suggests that the stock has a possible downside of 9.7%. View Analyst Ratings for NEWTEK Business Services.

What is the consensus analysts' recommendation 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 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

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?

News coverage about NEWT stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NEWTEK Business Services earned a media sentiment score of 0.04 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 45.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by many different of retail and institutional investors. Top institutional investors include Mckinley Capital Management LLC Delaware (0.84%). 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 buying NEWTEK Business Services stock?

NEWT stock was bought by a variety of institutional investors in the last quarter, including 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, 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 $21.05.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $383.60 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:  201 (Vote Outperform)
Underperform Votes:  155 (Vote Underperform)
Total Votes:  356
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 7/18/2018 by Staff

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