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Newtek Business Services Corporation (NEWT)

Stock Price: $34.69 USD -0.01 (-0.03%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $34.60 -0.09 (-0.26%) Jul 23, 4:05 PM
Market Cap 780.86M
Revenue (ttm) 111.09M
Net Income (ttm) 71.00M
Shares Out 22.34M
EPS (ttm) 3.30
PE Ratio 10.53
Forward PE 10.57
Dividend $2.11
Dividend Yield 6.09%
Trading Day July 23
Last Price $34.69
Previous Close $34.70
Change ($) -0.01
Change (%) -0.03%
Day's Open 34.71
Day's Range 34.68 - 35.33
Day's Volume 72,161
52-Week Range 15.26 - 38.06

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3 SBIC & Commercial Finance Stocks to Buy Amid Challenges

Other stocks mentioned: BCSF, GBDC
2 weeks ago - Zacks Investment Research

Fifth Senior Management Addition to Newtek Merchant Solutions in 2021 Fifth Senior Management Addition to Newtek Merchant Solutions in 2021

3 weeks ago - GlobeNewsWire

Newtek (NEWT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the n...

1 month ago - Zacks Investment Research

The company recently got downgraded by an analyst at Compass Point.

1 month ago - The Motley Fool

Does Newtek (NEWT) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

BOCA RATON, Fla., June 01, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek's CEO and Pres...

1 month ago - GlobeNewsWire

As of late, it has definitely been a great time to be an investor of Newtek Business Services Corp. (NEWT)

2 months ago - Zacks Investment Research

Shares of Newtek Business Services (NASDAQ:NEWT) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 400.00% year over year to $1.05, which...

2 months ago - Benzinga

BOCA RATON, Fla., May 11, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors...

2 months ago - GlobeNewsWire

Company Revises Its 2021 Annual Dividend Forecast Upwards to a Range of $3.00 per Share to $3.30 per Share Company Revises Its 2021 Annual Dividend Forecast Upwards to a Range of $3.00 per Share to $3.3...

2 months ago - GlobeNewsWire

Newtek (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for April 26th

Other stocks mentioned: CTBI, FAF, WASH
2 months ago - Zacks Investment Research

BOCA RATON, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its f...

2 months ago - GlobeNewsWire

BOCA RATON, Fla., March 30, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Barry Sloane, Chairm...

3 months ago - GlobeNewsWire

Top Ranked Momentum Stocks to Buy for March 26th

Other stocks mentioned: FCCO, MARA, STLD
3 months ago - Zacks Investment Research

Newtek (NEWT) delivered earnings and revenue surprises of -16.67% and -1.23%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Shares of Newtek Business Services (NASDAQ:NEWT) decreased 0.7% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 35.29% over the past year to...

4 months ago - Benzinga

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Business Lend...

4 months ago - GlobeNewsWire

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that David Simon has join...

4 months ago - GlobeNewsWire

BOCA RATON, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced toda...

4 months ago - GlobeNewsWire

Company Provides Forecasts on Key Metrics for 2021 Company Provides Forecasts on Key Metrics for 2021

4 months ago - GlobeNewsWire

Newtek (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Newtek (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

BOCA RATON, Fla., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Director...

5 months ago - GlobeNewsWire

NEWT was uniquely positioned to take advantage of the PPP programs in 2020. In 2021, NEWT will get a big boost from the new stimulus with more PPP programs, plus their core business will be back to full...

5 months ago - Seeking Alpha

We share three of our top dividend picks in this report. We expect big things from these names in 2021.

Other stocks mentioned: AY, BDCS, BIZD, CLNC, CLNY, EVA, IRM
6 months ago - Seeking Alpha

BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business...

6 months ago - GlobeNewsWire

BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced the pricing of its public ...

6 months ago - GlobeNewsWire

BOCA RATON, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT), an internally managed business development company (“BDC”), provides Newtek CEO's, Barry Sloane, commen...

6 months ago - GlobeNewsWire

BOCA RATON, Fla., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business...

6 months ago - GlobeNewsWire

Newtek is a specialized BDC with a unique business model. Its performance during the current crisis was solid, yet shares dropped quite a lot.

6 months ago - Seeking Alpha

NEWT adapted to COVID-19 better than their peers. With a renewal of the PPP program, what already was looking to be a promising 2021 has gained a new tailwind.

6 months ago - Seeking Alpha

We hate being pigeonholed, yet we love to categorize things. There are five major types of savers.

Other stocks mentioned: AY, ECC, ECCB, ECCX, ECCY, RLJ, SAR
7 months ago - Seeking Alpha

Newtek CEO, Barry Sloane, to Host Webinar to Introduce and Demonstrate the Broad Functionality of Newtek Payment Systems Newtek CEO, Barry Sloane, to Host Webinar to Introduce and Demonstrate the Broad ...

7 months ago - GlobeNewsWire

Video Replay of Webinar Now Available Video Replay of Webinar Now Available

7 months ago - GlobeNewsWire

Understanding Risk And High Yield

Other stocks mentioned: DLR, T
7 months ago - Seeking Alpha

BOCA RATON, Fla., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek's CEO, Barry S...

7 months ago - GlobeNewsWire

NEWT's business is focused on providing loans to small businesses. It has benefited immensely from the government's aggressive stimulus programs in response to Covid-19. Unlike most BDCs, it also genera...

7 months ago - Seeking Alpha

This article reviews some buy rated preferreds in the portfolio from CMRE, AFIN, and MNR.

Other stocks mentioned: AFIN, AFINP, CMRE, LAND, LANDP, SACH
8 months ago - Seeking Alpha

It is actually possible to beat the market with dividend payments alone.

Other stocks mentioned: OPI, STWD
8 months ago - Forbes

BOCA RATON, Fla., Nov. 11, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Director...

8 months ago - GlobeNewsWire

Newtek Business Services Corp. (NEWT) CEO Barry Sloane on Q3 2020 Results - Earnings Call Transcript

8 months ago - Seeking Alpha

Newtek (NEWT) delivered earnings and revenue surprises of 33.33% and 8.10%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Shares of Newtek Business Services (NASDAQ:NEWT) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 93.65% year over year to $0....

8 months ago - Benzinga

BOCA RATON, Fla., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today...

8 months ago - GlobeNewsWire

Issues 2021 Annual Dividend Forecast in a Range of $2.00 to $2.50 per Share Issues 2021 Annual Dividend Forecast in a Range of $2.00 to $2.50 per Share

8 months ago - GlobeNewsWire

Newtek (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

8 months ago - Zacks Investment Research

BOCA RATON, Fla., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek's CEO, Barry S...

9 months ago - GlobeNewsWire

BOCA RATON, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its th...

9 months ago - GlobeNewsWire

High yield has many perceived risks, but not actual risk if you are invested in the right companies.

Other stocks mentioned: BDCS, BDCZ, BIZD, FGB, PCF, RIV
9 months ago - Seeking Alpha

About NEWT

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... [Read more...]

Industry
Asset Management
CEO
Barry Sloane
Employees
110
Stock Exchange
NASDAQ
Ticker Symbol
NEWT
Full Company Profile

Financial Performance

In 2020, NEWT's revenue was $92.20 million, an increase of 55.50% compared to the previous year's $59.30 million. Earnings were $33.62 million, a decrease of -18.27%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for NEWT stock is "Hold." The 12-month stock price forecast is 35.00, which is an increase of 0.89% from the latest price.

Price Target
$35.00
(0.89% upside)
Analyst Consensus: Hold