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

$21.66
-0.21 (-0.96 %)
(As of 01/28/2020 03:24 PM ET)
Today's Range
$21.65
Now: $21.66
$21.92
50-Day Range
$21.66
MA: $22.47
$23.58
52-Week Range
$18.22
Now: $21.66
$23.99
Volume4,162 shs
Average Volume158,935 shs
Market Capitalization$429.30 million
P/E Ratio11.52
Dividend Yield13.08%
Beta1.21
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. Read More…

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$49.51 million
Cash Flow$1.99 per share
Book Value$15.21 per share

Profitability

Net Income$35.68 million

Miscellaneous

Employees175
Market Cap$429.30 million
Next Earnings Date3/4/2020 (Estimated)
OptionableOptionable

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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 Thursday, October 10th. Shareholders of record on Monday, December 16th will be given a dividend of $0.71 per share on Monday, December 30th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 13.10%. The ex-dividend date is Friday, December 13th. This is a positive change from NEWTEK Business Services's previous quarterly dividend of $0.58. View NEWTEK Business Services' Dividend History.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) announced its earnings results on Wednesday, November, 6th. The business services provider reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.07. The business services provider had revenue of $16.02 million for the quarter, compared to analysts' expectations of $13.68 million. NEWTEK Business Services had a return on equity of 14.42% and a net margin of 61.37%. 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, March 4th 2020. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

2 Wall Street analysts have issued 12-month price targets for NEWTEK Business Services' stock. Their forecasts range from $19.00 to $19.00. On average, they anticipate NEWTEK Business Services' share price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 12.4%. View Analyst Price Targets 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 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

Media headlines about NEWT stock have been trending extremely negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NEWTEK Business Services earned a coverage optimism score of -5.0 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for NEWTEK Business Services.

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 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 number of of institutional and retail investors. Top institutional shareholders include Mckinley Capital Management LLC Delaware (0.72%), Wiley BROS. Aintree Capital LLC (0.39%), California Public Employees Retirement System (0.26%) and AE Wealth Management LLC (0.14%). 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 California Public Employees Retirement System and Wiley BROS. Aintree Capital LLC. View Insider Buying and Selling 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 AE Wealth Management LLC and 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, 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, Robinhood, Fidelity and Charles Schwab.

What is NEWTEK Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $21.68.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $429.70 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.View Additional Information About NEWTEK Business Services.

What is NEWTEK Business Services' official website?

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

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:  2.5 out of 5 (star star half star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  582
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 1/28/2020 by MarketBeat.com Staff

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