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DOW   34,899.34
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S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:NEWT

Newtek Business Services Stock Forecast, Price & News

$29.77
-0.39 (-1.29%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$28.96
$30.02
50-Day Range
$26.48
$32.27
52-Week Range
$17.21
$38.78
Volume
182,985 shs
Average Volume
228,057 shs
Market Capitalization
$671.22 million
P/E Ratio
8.27
Dividend Yield
11.94%
Beta
1.14
30 days | 90 days | 365 days | Advanced Chart
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Newtek Business Services logo

About Newtek Business Services

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. It offers loans, payments, payroll and benefits, web solutions, insurance, and technology solutions. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

Headlines

3 SBIC & Commercial Finance Stocks to Buy Despite Low Rates
November 17, 2021 |  finance.yahoo.com
Newtek (NEWT) Q3 Earnings Beat Estimates
November 8, 2021 |  msn.com
Newtek Business Services Earnings Preview
November 5, 2021 |  benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NEWT
Fax
N/A
Employees
2,018
Year Founded
N/A

Sales & Book Value

Annual Sales
$92.20 million
Cash Flow
$2.59 per share
Book Value
$15.58 per share

Profitability

Net Income
$33.62 million
Pretax Margin
62.29%

Debt

Price-To-Earnings

Miscellaneous

Free Float
21,397,000
Market Cap
$671.22 million
Optionable
Optionable

Company Calendar

Ex-Dividend
9/17/2021
Dividend Payable
9/30/2021
Last Earnings
11/07/2021
Today
11/27/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/28/2022

MarketRank

Overall MarketRank

1.63 out of 5 stars

Finance Sector

925th out of 1,340 stocks

Business Services, Not Elsewhere Classified Industry

102nd out of 136 stocks

Analyst Opinion: 0.8Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -












Newtek Business Services (NASDAQ:NEWT) Frequently Asked Questions

Is Newtek Business Services a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newtek Business Services in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Newtek Business Services stock. 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.
View analyst ratings for Newtek Business Services
or view top-rated stocks.

How has Newtek Business Services' stock been impacted by Coronavirus?

Newtek Business Services' stock was trading at $15.30 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NEWT shares have increased by 94.6% and is now trading at $29.77.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Newtek Business Services?

Newtek Business Services saw a increase in short interest in November. As of November 15th, there was short interest totaling 506,100 shares, an increase of 21.5% from the October 31st total of 416,700 shares. Based on an average trading volume of 259,400 shares, the days-to-cover ratio is presently 2.0 days.
View Newtek Business Services' Short Interest
.

When is Newtek Business Services' next earnings date?

Newtek Business Services is scheduled to release its next quarterly earnings announcement on Monday, March 28th 2022.
View our earnings forecast for Newtek Business Services
.

How were Newtek Business Services' earnings last quarter?

Newtek Business Services Corp. (NASDAQ:NEWT) posted its quarterly earnings data 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 analysts' expectations of $13.06 million. Newtek Business Services had a trailing twelve-month return on equity of 20.29% and a net margin of 81.22%. During the same quarter in the prior year, the business earned $0.04 EPS.
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 declared a quarterly dividend on Wednesday, October 20th. Investors of record on Monday, December 20th will be given a dividend of $1.05 per share on Thursday, December 30th. This represents a $4.20 annualized dividend and a yield of 14.11%. The ex-dividend date of this dividend is Friday, December 17th. This is a positive change from Newtek Business Services's previous quarterly dividend of $0.90.
View Newtek Business Services' dividend history
.

Is Newtek Business Services a good dividend stock?

Newtek Business Services pays an annual dividend of $3.60 per share and currently has a dividend yield of 11.94%. NEWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Newtek Business Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Newtek Business Services is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Newtek Business Services will have a dividend payout ratio of 128.11% in the coming year. This indicates that Newtek Business Services may not be able to sustain their current dividend.
View Newtek Business Services' dividend history.

What price target have analysts set for NEWT?

3 equities research analysts have issued 12-month price objectives for Newtek Business Services' stock. Their forecasts range from $21.00 to $38.00. On average, they expect Newtek Business Services' share price to reach $29.50 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for Newtek Business Services
or view top-rated stocks among Wall Street analysts.

Who are Newtek Business Services' key executives?

Newtek Business Services' management team includes the following people:
  • Barry Sloane, Chairman, President & Chief Executive Officer
  • Brent M. Ciurlino, Senior Vice President-Risk & Operations
  • Michael Adam Schwartz, Secretary, Chief Legal & Compliance Officer
  • Peter Mathison Downs, Director & Chief Lending Officer
  • Nicolas Young, Chief Risk Officer

What is Barry Sloane's approval rating as Newtek Business Services' CEO?

95 employees have rated Newtek Business Services CEO Barry Sloane on Glassdoor.com. Barry Sloane has an approval rating of 65% among Newtek Business Services' employees.

What other stocks do shareholders of Newtek Business Services own?

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 shareholders include Invesco Ltd. (2.94%), Van ECK Associates Corp (1.43%), Wellington Management Group LLP (0.93%), Two Sigma Investments LP (0.57%), Two Sigma Advisers LP (0.56%) and Emerald Mutual Fund Advisers Trust (0.48%). Company insiders that own Newtek Business Services stock include Barry Sloane, Gregory L Zink, Peter Mathison Downs and Richard J Salute.
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, LPL Financial LLC, Wellington Management Group LLP, Van ECK Associates Corp, Commonwealth Equity Services LLC, PEAK6 Investments LLC, Advisor Group Holdings Inc., and Cambridge Investment Research Advisors Inc..
View insider buying and selling activity for Newtek Business Services
or view top insider-selling stocks.

Which major investors are buying Newtek Business Services stock?

NEWT stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Two Sigma Investments LP, Emerald Mutual Fund Advisers Trust, Two Sigma Advisers LP, Deutsche Bank AG, Jaffetilchin Investment Partners LLC, Citadel Advisors LLC, and Marshall Wace LLP. Company insiders that have bought Newtek Business Services stock in the last two years include Barry Sloane, Gregory L Zink, Peter Mathison Downs, and Richard J Salute.
View insider buying and selling activity for Newtek Business Services
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newtek Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $29.77.

How much money does Newtek Business Services make?

Newtek Business Services has a market capitalization of $671.22 million and generates $92.20 million in revenue each year. The business services provider earns $33.62 million in net income (profit) each year or $3.60 on an earnings per share basis.

How many employees does Newtek Business Services have?

Newtek Business Services employs 2,018 workers across the globe.

What is Newtek Business Services' official website?

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

Where are Newtek Business Services' headquarters?

Newtek Business Services is headquartered at 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042.

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 11/27/2021 by MarketBeat.com Staff

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