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NASDAQ:NEWT

Newtek Business Services (NEWT) Stock Forecast, Price & News

$24.92
-0.20 (-0.80%)
(As of 05/17/2022 04:00 PM ET)
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Compare
Today's Range
$24.80
$25.40
50-Day Range
$24.61
$28.38
52-Week Range
$24.00
$38.78
Volume
322,054 shs
Average Volume
163,830 shs
Market Capitalization
$602.09 million
P/E Ratio
9.06
Dividend Yield
10.35%
Beta
1.07
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 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 Boca Raton, Florida with additional offices in Lake Success, New York, 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
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NEWT
Fax
N/A
Employees
104
Year Founded
N/A

Sales & Book Value

Annual Sales
$108.49 million
Cash Flow
$3.28 per share
Book Value
$17.91 per share

Profitability

Net Income
$84.14 million
Pretax Margin
67.63%

Debt

Price-To-Earnings

Miscellaneous

Free Float
22,929,000
Market Cap
$602.09 million
Optionable
Optionable

Company Calendar

Last Earnings
2/23/2022
Ex-Dividend for 3/31 Dividend
3/18/2022
Dividend Payable
3/31/2022
Today
5/17/2022
Ex-Dividend for 6/30 Dividend
6/16/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
8/09/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.36 out of 5 stars

Finance Sector

502nd out of 1,377 stocks

Business Services, Not Elsewhere Classified Industry

42nd out of 142 stocks

Analyst Opinion: 2.8Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -













Newtek Business Services (NASDAQ:NEWT) Frequently Asked Questions

Is Newtek Business Services a buy right now?

2 Wall Street research 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. 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.

When is Newtek Business Services' next earnings date?

Newtek Business Services is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Newtek Business Services
.

How were Newtek Business Services' earnings last quarter?

Newtek Business Services Corp. (NASDAQ:NEWT) announced its quarterly earnings results on Wednesday, February, 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.05. The business services provider had revenue of $24.80 million for the quarter, compared to analyst estimates of $14.29 million. Newtek Business Services had a trailing twelve-month return on equity of 18.95% and a net margin of 93.16%. During the same quarter last year, the company earned $0.45 earnings per share.
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 Wednesday, April 20th. Shareholders of record on Monday, June 20th will be given a dividend of $0.75 per share on Thursday, June 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from Newtek Business Services's previous quarterly dividend of $0.65.
View Newtek Business Services' dividend history
.

Is Newtek Business Services a good dividend stock?

Newtek Business Services pays an annual dividend of $2.60 per share and currently has a dividend yield of 10.35%. 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 94.55%. 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 85.81% 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?

2 analysts have issued 1 year target prices for Newtek Business Services' shares. Their forecasts range from $38.00 to $38.00. On average, they anticipate Newtek Business Services' share price to reach $38.00 in the next twelve months. This suggests a possible upside of 52.5% from the stock's current price.
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:
  • Mr. Barry Scott Sloane, Chairman, Pres & CEO (Age 62, Pay $700k)
  • Mr. Michael Adam Schwartz, Chief Legal Officer, Chief Compliance Officer & Sec. (Age 61, Pay $510k)
  • Mr. Peter Mathison Downs, Chief Lending Officer & Director (Age 57, Pay $650k)
  • Ms. Elise Chamberlain C.F.A., CPA, Exec. VP of Financial Reporting & Fin.
  • Mr. Brent Michael Ciurlino, Sr. VP of Risk & Operations (Age 63)
  • Mr. Nicholas J. Leger, Chief Accounting Officer (Age 41)
  • Ms. Halli Razon-Feingold, Sr. VP of HR, Chief Admin. Officer & Independent Director
  • Ms. Jayne L. Cavuoto-Krafchik, Director of Investor Relations
  • Mr. Brian O. Moon, Treasurer & Sr. VP of Corp. Devel.
  • Mr. Timothy C. Ihlefeld, Exec. VP of Strategic Alliances and Chief Sales 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 a variety of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (2.35%), Royce & Associates LP (2.26%), Invesco Ltd. (2.09%), D.A. Davidson & CO. (0.39%), Northern Trust Corp (0.33%) and Raymond James & Associates (0.23%).
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 Royce & Associates LP, Invesco Ltd., Mckinley Capital Management LLC Delaware, Bramshill Investments LLC, Commonwealth Equity Services LLC, Jaffetilchin Investment Partners LLC, Simplex Trading LLC, and AE Wealth Management LLC.
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 bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Northern Trust Corp, GSA Capital Partners LLP, Jane Street Group LLC, Chubb Ltd, Dynamic Technology Lab Private Ltd, Guggenheim Capital LLC, and Cambridge Investment Research Advisors Inc..
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 $24.92.

How much money does Newtek Business Services make?

Newtek Business Services has a market capitalization of $602.09 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 $2.75 on an earnings per share basis.

How many employees does Newtek Business Services have?

Newtek Business Services employs 104 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 5/17/2022 by MarketBeat.com Staff

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