Newtek Business Services - NEWT Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newtek Business Services in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1-year price objectives for Newtek Business Services' shares. Their NEWT share price forecasts range from $22.00 to $22.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 21.5% 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 34.5% and is now trading at $18.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Newtek Business Services Corp. (NASDAQ:NEWT) announced its earnings results on Sunday, November, 7th. The business services provider reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.03. The business services provider had revenue of $12.41 million for the quarter, compared to analyst estimates of $13.06 million. Newtek Business Services had a trailing twelve-month return on equity of 16.70% and a net margin of 89.36%. During the same period in the previous year, the company earned $0.04 EPS.

Newtek Business Services declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.70 per share on Friday, December 30th. This represents a $2.80 dividend on an annualized basis and a yield of 15.47%. The ex-dividend date is Monday, December 19th. This is a positive change from the stock's previous quarterly dividend of $0.65.
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 14.29%. NEWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 114.54%. 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 84.69% 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 a number of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (1.83%), Van ECK Associates Corp (1.32%), Marshall Wace LLP (1.10%), Two Sigma Advisers LP (0.62%), Advisors Asset Management Inc. (0.58%) and D.A. Davidson & CO. (0.44%). 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 $18.10.

Newtek Business Services (NASDAQ:NEWT) has a market capitalization of $442.09 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 $2.27 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.