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Newtek Business Services Corporation (NEWT)

Stock Price: $22.98 USD 0.18 (0.79%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
After-hours: $23.56 +0.58 (2.52%) Feb 26, 6:45 PM
Market Cap 500.54M
Revenue (ttm) 92.79M
Net Income (ttm) 30.50M
Shares Out 21.19M
EPS (ttm) 1.47
PE Ratio 15.59
Forward PE n/a
Dividend $2.29
Dividend Yield 9.98%
Trading Day February 26
Last Price $22.98
Previous Close $22.80
Change ($) 0.18
Change (%) 0.79%
Day's Open 22.56
Day's Range 22.56 - 23.34
Day's Volume 124,796
52-Week Range 6.96 - 23.39

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Zacks Investment Research - 3 days ago

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.

GlobeNewsWire - 5 days ago

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 o...

Seeking Alpha - 3 weeks ago

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 ba...

Seeking Alpha - 1 month ago

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
GlobeNewsWire - 1 month ago

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 Smal...

GlobeNewsWire - 1 month ago

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 i...

GlobeNewsWire - 1 month ago

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 Sloa...

GlobeNewsWire - 1 month ago

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 Smal...

Seeking Alpha - 1 month ago

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

Seeking Alpha - 1 month ago

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.

Seeking Alpha - 2 months ago

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
GlobeNewsWire - 2 months ago

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 ...

GlobeNewsWire - 2 months ago

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

Seeking Alpha - 2 months ago

Understanding Risk And High Yield

Other stocks mentioned: DLR, T
GlobeNewsWire - 2 months ago

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 CE...

Seeking Alpha - 2 months ago

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 a...

Seeking Alpha - 3 months ago

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

Other stocks mentioned: AFIN, AFINP, CMRE, LAND, LANDP, SACH
Forbes - 3 months ago

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

Other stocks mentioned: OPI, STWD
GlobeNewsWire - 3 months ago

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 o...

Seeking Alpha - 3 months ago

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

Zacks Investment Research - 3 months ago

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?

Benzinga - 3 months ago

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 y...

GlobeNewsWire - 3 months ago

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”), annou...

GlobeNewsWire - 3 months ago

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

Zacks Investment Research - 4 months ago

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.

GlobeNewsWire - 4 months ago

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 CE...

GlobeNewsWire - 4 months ago

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 rep...

Seeking Alpha - 4 months ago

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
Seeking Alpha - 6 months ago

A little history about the BBP. Why I closed out several positions & opened new ones. Where the portfolio stands today.

Other stocks mentioned: ADM, APLE, ARCC, BP, BXMT, DOW, EPD, EPR, FHN, MAIN, MO, PPL, T
Seeking Alpha - 6 months ago

Newtek Business Services has adapted nicely to the COVID-19 disruption by switching over from SBA 7(a) to PPP loans.

Seeking Alpha - 6 months ago

The government's PPP loan program is a boon to NEWT.

GlobeNewsWire - 6 months ago

BOCA RATON, Fla., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), t...

Seeking Alpha - 6 months ago

Newtek Business Services' (NEWT) CEO Barry Sloane on Q2 2020 Results - Earnings Call Transcript

Seeking Alpha - 6 months ago

Barron's Weekly lists stocks announcing "dividend payment boosts" on the very last-page of its financial-data section. Here is your dogcatcher 7/6-27 rundown for 74 equities proclaimed those p...

Other stocks mentioned: BMTC, BSET, DUK, ENB, FNLC, JWA, MATX, NNN, ORC, OZK, PBA, SBR, SCS, SJR, TD, UMC
Zacks Investment Research - 6 months ago

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.

GlobeNewsWire - 7 months ago

BOCA RATON, Fla., July 20, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Boa...

GlobeNewsWire - 7 months ago

BOCA RATON, Fla., July 14, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek ...

GlobeNewsWire - 7 months ago

BOCA RATON, Fla., July 13, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will...

Zacks Investment Research - 8 months ago

Is Newtek Business Services (NEWT) a great pick from the value investor's perspective right now? Read on to know more.

GlobeNewsWire - 8 months ago

Will Begin Accepting SBA 7(a) Loan Applications on June 29, 2020 Will Begin Accepting SBA 7(a) Loan Applications on June 29, 2020

Zacks Investment Research - 8 months ago

Near-Term Outlook Dim for SBIC & Commercial Finance Industry

Other stocks mentioned: AINV, ARCC, NMFC
GlobeNewsWire - 8 months ago

Forecasts Adjusted Net Investment Income in a Range of $1.30 per Share to $1.50 per Share for the Second Quarter of 2020 Forecasts Adjusted Net Investment Income in a Range of $1.30 per Share ...

GlobeNewsWire - 8 months ago

BOCA RATON, Fla., June 12, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Boa...

GlobeNewsWire - 8 months ago

BOCA RATON, Fla., June 02, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek ...

GlobeNewsWire - 9 months ago

Obtained SBA Loan (E-Tran) Numbers for $1.15 Billion of PPP Loans Obtained SBA Loan (E-Tran) Numbers for $1.15 Billion of PPP Loans

Seeking Alpha - 9 months ago

Newtek Business Services' (NEWT) CEO Barry Sloane on Q1 2020 Results - Earnings Call Transcript

GlobeNewsWire - 9 months ago

BOCA RATON, Fla., May 07, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek S...

GlobeNewsWire - 9 months ago

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

Zacks Investment Research - 9 months ago

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.

GlobeNewsWire - 10 months ago

Current Loan Pipeline of Approximately $900 Million as Part of Additional Government Allocation of Funding Current Loan Pipeline of Approximately $900 Million as Part of Additional Government ...

About NEWT

Newtek Business Services 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 mo... [Read more...]

Industry
Asset Management
CEO
Barry Sloane
Employees
109
Stock Exchange
NASDAQ
Ticker Symbol
NEWT
Full Company Profile

Financial Performance

In 2019, NEWT's revenue was $59.30 million, an increase of 19.75% compared to the previous year's $49.52 million. Earnings were $41.14 million, an increase of 15.30%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for NEWT stock is "Hold." The 12-month stock price forecast is 18.50, which is a decrease of -19.50% from the latest price.

Price Target
$18.50
(-19.50% downside)
Analyst Consensus: Hold