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

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$21.74 -0.29 (-1.32 %)
(As of 05/24/2019 06:00 AM ET)
Previous Close$22.03
Today's Range$21.51 - $21.99
52-Week Range$15.59 - $24.24
Volume73,229 shs
Average Volume112,331 shs
Market Capitalization$415.56 million
P/E Ratio11.21
Dividend Yield7.26%
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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Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Current SymbolNASDAQ:NEWT



Sales & Book Value

Annual Sales$49.51 million
Cash Flow$1.9256 per share
Book Value$15.28 per share


Net Income$35.68 million


Market Cap$415.56 million
Next Earnings Date8/7/2019 (Estimated)

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 announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Friday, June 14th will be paid a dividend of $0.46 per share on Friday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Thursday, June 13th. 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) posted its quarterly earnings results on Wednesday, May, 1st. The business services provider reported $0.44 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.03. The business services provider had revenue of $13.76 million for the quarter. NEWTEK Business Services had a return on equity of 8.99% and a net margin of 70.19%. 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 7th 2019. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

3 brokerages have issued 1-year price targets for NEWTEK Business Services' stock. Their forecasts range from $15.68 to $19.00. On average, they anticipate NEWTEK Business Services' stock price to reach $17.8933 in the next twelve months. This suggests that the stock has a possible downside of 17.7%. 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 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

Media coverage about NEWT stock has trended neutral recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NEWTEK Business Services earned a coverage optimism score of 0.3 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.

Who are some of NEWTEK Business Services' key competitors?

What other stocks do shareholders of NEWTEK Business Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NEWTEK Business Services investors own include Ares Capital (ARCC), New Residential Investment (NRZ), Energy Transfer LP Unit (ET), AT&T (T), Prospect Capital (PSEC), Hercules Capital (HTGC), Triplepoint Venture Growth BDC (TPVG), Monroe Capital (MRCC), Ladder Capital (LADR) and Oxford Lane Capital (OXLC).

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the folowing 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

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Advisors Asset Management Inc. (1.95%), LSV Asset Management (1.42%), Mckinley Capital Management LLC Delaware (0.89%), Morgan Stanley (0.82%), Private Advisor Group LLC (0.48%) and Raymond James & Associates (0.34%). 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 Opus Capital Group LLC, Advisors Asset Management Inc., Marshall Wace LLP, JPMorgan Chase & Co., Advisory Services Network LLC, Advisor Group Inc., LSV Asset Management and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling 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 Morgan Stanley, Private Advisor Group LLC, Advantage Investment Management LLC, First Allied Advisory Services Inc., Ladenburg Thalmann Financial Services Inc., Commonwealth Equity Services LLC, American Asset Management Inc. and Marshall Wace North America L.P.. 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 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 $21.74.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $415.56 million and generates $49.51 million in revenue each year. The business services provider earns $35.68 million in net income (profit) each year or $1.94 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

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:  2.7 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  476
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 5/24/2019 by Staff

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