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NASDAQ:NEWT

NEWTEK Business Services Stock Forecast, Price & News

$19.14
-0.78 (-3.92 %)
(As of 09/18/2020 09:33 PM ET)
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Today's Range
$18.71
Now: $19.14
$19.40
50-Day Range
$18.57
MA: $19.27
$19.92
52-Week Range
$7.59
Now: $19.14
$23.73
Volume514,800 shs
Average Volume244,638 shs
Market Capitalization$400.16 million
P/E Ratio9.29
Dividend Yield11.70%
Beta1.3
Newtek 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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NEWTEK Business Services logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$59.29 million
Cash Flow$2.33 per share
Book Value$16.26 per share

Profitability

Net Income$41.13 million

Miscellaneous

Employees175
Market Cap$400.16 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$19.14
-0.78 (-3.92 %)
(As of 09/18/2020 09:33 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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NEWTEK Business Services (NASDAQ:NEWT) Frequently Asked Questions

How has NEWTEK Business Services' stock price been impacted by Coronavirus (COVID-19)?

NEWTEK Business Services' stock was trading at $15.30 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NEWT shares have increased by 25.1% and is now trading at $19.14.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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."
View analyst ratings for NEWTEK Business Services
.

When is NEWTEK Business Services' next earnings date?

NEWTEK Business Services is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for NEWTEK Business Services
.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) issued its quarterly earnings data on Wednesday, August, 5th. The business services provider reported $1.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.46 by $0.09. The business services provider earned $46.69 million during the quarter, compared to analyst estimates of $14.08 million. NEWTEK Business Services had a net margin of 44.30% and a return on equity of 18.93%.
View NEWTEK Business Services' earnings history
.

How often does NEWTEK Business Services pay dividends? What is the dividend yield for NEWTEK Business Services?

NEWTEK Business Services announced a quarterly dividend on Monday, July 20th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.58 per share on Wednesday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date of this dividend is Friday, September 18th. This is a boost from NEWTEK Business Services's previous quarterly dividend of $0.56.
View NEWTEK Business Services' dividend history
.

What price target have analysts set for NEWT?

2 brokers have issued 1 year price targets for NEWTEK Business Services' stock. Their forecasts range from $16.00 to $16.00. On average, they anticipate NEWTEK Business Services' share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 16.4%.
View analysts' price targets for NEWTEK Business Services
.

Are investors shorting NEWTEK Business Services?

NEWTEK Business Services saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 325,400 shares, a decline of 19.6% from the August 15th total of 404,900 shares. Based on an average daily trading volume, of 163,400 shares, the days-to-cover ratio is presently 2.0 days.
View NEWTEK Business Services' Short Interest
.

Who are some of NEWTEK Business Services' key competitors?

What other stocks do shareholders of NEWTEK Business Services own?

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the following people:
  • Mr. Barry Scott Sloane, Chairman, Pres & CEO (Age 59)
  • Ms. Jennifer Catherine Eddelson CPA, Exec. VP & Chief Accounting Officer (Age 46)
  • Mr. Michael Adam Schwartz, Chief Legal Officer, Chief Compliance Officer & Sec. (Age 58)
  • Mr. Peter Mathison Downs, Chief Lending Officer & Director (Age 54)
  • Ms. Jayne L. Cavuoto-Krafchik, Director of Investor Relations

What is NEWTEK Business Services' stock symbol?

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

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by many different institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.29%), LSV Asset Management (1.19%), Mckinley Capital Management LLC Delaware (0.72%), Two Sigma Advisers LP (0.58%), Raymond James & Associates (0.50%) and UBS Group AG (0.41%). 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
.

Which major investors are selling NEWTEK Business Services stock?

NEWT stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Navellier & Associates Inc, Advisors Asset Management Inc., West Family Investments Inc., Aigen Investment Management LP, UBS Group AG, and Two Sigma Advisers LP.
View insider buying and selling activity for NEWTEK Business Services
.

Which major investors are buying NEWTEK Business Services stock?

NEWT stock was acquired by a variety of institutional investors in the last quarter, including Raymond James & Associates, Emerald Mutual Fund Advisers Trust, Ahrens Investment Partners LLC, Advisor Group Holdings Inc., International Assets Investment Management LLC, Mckinley Capital Management LLC Delaware, Bank of America Corp DE, 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, Peter Mathison Downs, Richard J Salute, and Salvatore Francis Mulia.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is NEWTEK Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $19.14.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $400.16 million and generates $59.29 million in revenue each year. The business services provider earns $41.13 million in net income (profit) each year or $2.33 on an earnings per share basis. NEWTEK Business Services employs 175 workers across the globe.

What is NEWTEK Business Services' official website?

The official website for NEWTEK Business Services is www.newtekone.com.

How can I contact NEWTEK Business Services?

NEWTEK Business Services' mailing address is 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042. The business services provider can be reached via phone at 212-356-9500 or via email at [email protected]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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