Newtek Business Services Corp. (NEWT)

Market Cap	273.28M
Revenue (ttm)	191.70M
Net Income (ttm)	45.88M
Shares Out	24.71M
EPS (ttm)	1.88
PE Ratio	5.88
Forward PE	5.89
Dividend	$0.76 (6.87%)
Ex-Dividend Date	Mar 28, 2024

Volume	68,814
Open	10.87
Previous Close	10.90
Day's Range	10.80 - 11.24
52-Week Range	10.07 - 19.36
Beta	1.29
Analysts	Buy
Price Target	14.50 (+31.1%)
Earnings Date	May 6, 2024

About NEWT

NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing serv...

• Industry: Banks - Regional
• Sector: Financials
• CEO: Barry Scott Sloane
• Employees: 528
• Stock Exchange: NASDAQ
• Ticker Symbol: NEWT

Financial Performance

In 2023, NEWT's revenue was $191.70 million, an increase of 82.28% compared to the previous year's $105.17 million. Earnings were $45.88 million, an increase of 41.98%.

Analyst Forecast

According to 4 analysts, the average rating for NEWT stock is "Buy." The 12-month stock price forecast is $14.5, which is an increase of 31.10% from the latest price.

Price Target

$14.5

(31.10% upside)

Analyst Consensus: Buy