Newtek Business Services Corporation (NEWT)

NASDAQ: NEWT · IEX Real-Time Price · USD
18.40
+0.09 (0.49%)
At close: Dec 2, 2022 4:00 PM
18.91
+0.51 (2.77%)
After-hours: Dec 2, 2022 7:45 PM EST
0.49%
Market Cap 449.42M
Revenue (ttm) 87.96M
Net Income (ttm) 54.56M
Shares Out 24.36M
EPS (ttm) 2.27
PE Ratio 8.11
Forward PE 26.60
Dividend $3.10 (16.85%)
Ex-Dividend Date Dec 19, 2022
Volume 216,619
Open 18.3
Previous Close 18.31
Day's Range 18.17 - 18.65
52-Week Range 14.75 - 31.49
Beta 1.19
Analysts Sell
Price Target 17.34 (-5.8%)
Earnings Date Nov 8, 2022

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 Capital Markets
CEO Barry Sloane
Employees 104
Stock Exchange NASDAQ
Ticker Symbol NEWT
Full Company Profile

Financial Performance

In 2021, NEWT's revenue was $108.49 million, an increase of 17.67% compared to the previous year's $92.20 million. Earnings were $84.14 million, an increase of 150.28%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for NEWT stock is "Sell." The 12-month stock price forecast is 17.34, which is a decrease of -5.76% from the latest price.

Price Target
$17.34
(-5.76% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Newtek Receives Approval From the OCC to Acquire National Bank of New York City

Newtek Recently Received Federal Reserve Approval to Become a Bank Holding Company Newtek Recently Received Federal Reserve Approval to Become a Bank Holding Company

3 days ago - GlobeNewsWire

Newtek Receives Approval from the Federal Reserve to Become a Bank Holding Company

BOCA RATON, Fla., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) (“Newtek”) today announced that it has received approval from the Federal Reserve to become a bank holdi...

1 week ago - GlobeNewsWire

Newtek Business Services Corp. Declares a Fourth Quarter 2022 Distribution of $0.70 per Share

BOCA RATON, Fla., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Director...

2 weeks ago - GlobeNewsWire

Newtek (NEWT) Lags Q3 Earnings Estimates

Newtek (NEWT) delivered earnings and revenue surprises of -4.62% and 7.82%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Newtek Business Services Corp. Reports Third Quarter 2022 Financial Results

Record SBA 7(a) Loan Fundings of $223.0 Million Increased by 36.0% in the Third Quarter of 2022 Over the Same Period Last Year

3 weeks ago - GlobeNewsWire

What's in the Cards for Newtek Business (NEWT) in Q3 Earnings?

Supported by higher rates, Newtek Business (NEWT) is likely to have reported an increase in investment income in the third quarter of 2022.

1 month ago - Zacks Investment Research

Newtek Business Services Corp. to Report Third Quarter 2022 Financial Results on Monday, November 7, 2022 After the M...

BOCA RATON, Fla, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its thi...

1 month ago - GlobeNewsWire

A Congresswoman Bought Double-Digit Dividend Stocks: Here's A Breakdown

Virginia Foxx is a Republican who serves as the U.S. representative for North Carolina's 5th Congressional District.

Other symbols: GPP
1 month ago - Benzinga

Newtek Business Services Corp. Reports Record SBA 7(a) Loan Fundings of $223.1 Million for the Third Quarter 2022

BOCA RATON, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today that Newtek Small Business...

2 months ago - GlobeNewsWire

Newtek Selects Apiture's Digital Banking Platform to Power Newtek Bank

Newtek is Positioning Itself to Become the Bank of the Future for Independently Owned Businesses Newtek is Positioning Itself to Become the Bank of the Future for Independently Owned Businesses

2 months ago - GlobeNewsWire

Newtek Business Services Corp.'s CEO to Address Investment Community on Thursday, September 29, 2022 at 8:30 am ET

BOCA RATON, Fla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will host an inve...

2 months ago - GlobeNewsWire

Newtek Business Services Corp. Forecasts Fourth Quarter 2022 Distribution of $0.70 per Share

BOCA RATON, Fla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today it is forecasting a fourt...

2 months ago - GlobeNewsWire

Newtek Business Services Corp. Announces Upcoming Rebranding Strategy and Expanded Services

BOCA RATON, Fla., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its future rebranding stra...

2 months ago - GlobeNewsWire

Newtek Business Services Corp. Declares Third Quarter 2022 Dividend of $0.65 per Share

BOCA RATON, Fla., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Director...

3 months ago - GlobeNewsWire

Newtek Business Services Corp.'s CEO, Barry Sloane, Comments on the Declaration of Newtek's Third Quarter 2022 Divide...

BOCA RATON, Fla., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), provides Newtek CEO's, Barry Sloane, comme...

3 months ago - GlobeNewsWire

Newtek Prices its 12th S&P-Rated Loan Securitization of $116.2 Million of SBA 7(a) Unguaranteed Loan-Backed Notes Ser...

BOCA RATON, Fla., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it has priced its twe...

3 months ago - GlobeNewsWire

Newtek (NEWT) Q2 Earnings Top Estimates

Newtek (NEWT) delivered earnings and revenue surprises of 22.95% and 4.63%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Newtek Business Services Corp. Reports Second Quarter 2022 Financial Results

Record SBA 7(a) Loan Fundings Increased by 112.8% in the Second Quarter of 2022 Over the Same Period Last Year Record SBA 7(a) Loan Fundings Increased by 112.8% in the Second Quarter of 2022 Over the Sa...

4 months ago - GlobeNewsWire

Newtek Provides an Illustration of Financial Targets for 2023 as a Bank Holding Company

BOCA RATON, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it has provided an il...

4 months ago - GlobeNewsWire

Newtek Business Services Corp. Forecasts Paying a Second Half of 2022 Dividend in a Range of $1.00 to $1.50 per Share

BOCA RATON, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it is forecasting pay...

4 months ago - GlobeNewsWire

Newtek CEO, Barry Sloane, to Host One-on-One Meetings at the KBW Community Bank Investor Conference August 2-3, 2022

BOCA RATON, Fla., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Barry Sloane, Chairma...

4 months ago - GlobeNewsWire

Newtek Business Services Corp. Files Preliminary Proxy Statement

BOCA RATON, Fla., July 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT) (the “Company”), an internally managed business development company (“BDC”), announced today that on Ju...

4 months ago - GlobeNewsWire

Newtek Business Services Corp. Reports Record SBA 7(a) Loan Fundings for the Second Quarter 2022

Company Reaffirms Financial Forecasts for the First Half of 2022 Company Reaffirms Financial Forecasts for the First Half of 2022

4 months ago - GlobeNewsWire

Newtek Business Services Corp. Provides Financial Forecast for the First Half of 2022

BOCA RATON, Fla., June 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), provides forecasts for certain financial m...

5 months ago - GlobeNewsWire

Newtek Business Services Corp. Announces Stock Repurchase Program

BOCA RATON, Fla., June 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (the “Company” or “Newtek”) (Nasdaq: NEWT) today announced that its board of directors approved a repurchase program (t...

5 months ago - GlobeNewsWire