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Newtek Business Services Corporation (NEWT)

NASDAQ: NEWT · IEX Real-Time Price · USD
30.33
0.04 (0.13%)
At close: Dec 8, 2021 4:00 PM
30.35
0.02 (0.07%)
After-hours:Dec 8, 2021 6:52 PM EST
Market Cap684.21M
Revenue (ttm)98.47M
Net Income (ttm)79.97M
Shares Out22.56M
EPS (ttm)3.59
PE Ratio8.45
Forward PE10.35
Dividend$3.15 (10.39%)
Ex-Dividend DateDec 17, 2021
Volume142,381
Open30.35
Previous Close30.29
Day's Range30.18 - 30.95
52-Week Range17.21 - 38.78
Beta1.19
AnalystsHold
Price Target27.75 (-8.5%)
Earnings DateNov 8, 2021

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...

IndustryCapital Markets
CEOBarry Sloane
Employees110
Stock ExchangeNASDAQ
Ticker SymbolNEWT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for NEWT stock is "Hold." The 12-month stock price forecast is 27.75, which is a decrease of -8.51% from the latest price.

Price Target
$27.75
(-8.51% downside)
Analyst Consensus: Hold

News

3 Reasons Why Growth Investors Shouldn't Overlook Newtek (NEWT)

Newtek (NEWT) possesses solid growth attributes, which could help it handily outperform the market.

5 days ago - Zacks Investment Research

3 SBIC & Commercial Finance Stocks to Buy Despite Low Rates

While lower rates and pre-payments hurt the Zacks SBIC & commercial finance industry players, robust economic growth, impressive asset quality, and regulatory changes will keep aiding Main Street Capita...

Other symbols:BCSFMAIN
3 weeks ago - Zacks Investment Research

Newtek (NEWT) Q3 Earnings Beat Estimates

Newtek (NEWT) delivered earnings and revenue surprises of 3.70% and -4.99%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Newtek Business Services Earnings Preview

Newtek Business Services (NASDAQ:NEWT) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.

1 month ago - Benzinga

Newtek (NEWT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

1 month ago - Zacks Investment Research

Newtek Business Services Corp. Declares Fourth Quarter 2021 Dividend of $1.05 per Share

Represents a 123.4% Increase over the Fourth Quarter 2020 Dividend Represents a 123.4% Increase over the Fourth Quarter 2020 Dividend

1 month ago - GlobeNewsWire

Newtek Business Services Corp. to Report Third Quarter 2021 Financial Results on Monday, November 8, 2021 After the M...

BOCA RATON, Fla., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its th...

1 month ago - GlobeNewsWire

Newtek Business Services Corp. Forecasts Full Year 2021 Net Investment Income of $0.80 per Share and Adjusted Net Inv...

Forecasts First Quarter 2022 Dividend of $0.65 per Share

2 months ago - GlobeNewsWire

Newtek Business Services Corp.'s Board of Directors' Elects Two New Board Members

BOCA RATON, Fla., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that its b...

2 months ago - GlobeNewsWire

Newtek (NEWT) Surpasses Q2 Earnings and Revenue Estimates

Newtek (NEWT) delivered earnings and revenue surprises of 55.84% and 67.60%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Recap: Newtek Business Services Q2 Earnings

Shares of Newtek Business Services (NASDAQ:NEWT) moved higher in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 12.41% year over year to $1.20, whi...

3 months ago - Benzinga

Newtek Business Services Corp. Declares Third Quarter 2021 Dividend of $0.90 per Share

Represents a 55.2% Increase over the Third Quarter 2020 Dividend Represents a 55.2% Increase over the Third Quarter 2020 Dividend

3 months ago - GlobeNewsWire

Newtek Business Services Corp. Reports Second Quarter 2021 Financial Results

Company Declares $0.90 per share 2021 Third Quarter Dividend; Company has Paid and/or Declared $2.10 per share in Dividends for the First Three Quarters of 2021; a 32.9% Increase Over the Same Period La...

3 months ago - GlobeNewsWire

Newtek Business Services Corp. Releases Addendum to its Investor Presentation Dated August 3, 2021

BOCA RATON, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that the Company released ...

4 months ago - GlobeNewsWire

Why Shares of Newtek Business Services Are Plummeting Today

The business development company said it is planning to buy a small bank and convert itself to a bank holding company.

4 months ago - The Motley Fool

Newtek Business Services Corp. Hires Nicolas Young as Chief Risk Officer

Provides Newtek with Deep Level of Credit Risk Management Experience Provides Newtek with Deep Level of Credit Risk Management Experience

4 months ago - GlobeNewsWire

Newtek Business Services Corp. Signs Agreement to Acquire National Bank of New York City

Acquisition will be Discussed during a Shareholder Conference Call Tuesday, August 3, 2021 at 7:30 am ET Acquisition will be Discussed during a Shareholder Conference Call Tuesday, August 3, 2021 at 7:3...

4 months ago - GlobeNewsWire

Earnings Preview: Newtek (NEWT) Q2 Earnings Expected to Decline

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

3 SBIC & Commercial Finance Stocks to Buy Amid Challenges

While lower rates and pre-payments hurt the Zacks SBIC & commercial finance industry players, robust economic growth, impressive asset quality and regulatory changes are likely to aid Golub Capital (GBD...

Other symbols:BCSFGBDC
4 months ago - Zacks Investment Research

Newtek Business Services Corp.'s Portfolio Company Hires Michael Breier as Vice President, ISO/Agent Sales Channel of...

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

5 months ago - GlobeNewsWire

Newtek (NEWT) Stock Jumps 5.5%: Will It Continue to Soar?

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...

5 months ago - Zacks Investment Research

Why Shares of Newtek Business Services Are Falling Today

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

6 months ago - The Motley Fool

Newtek (NEWT) is a Great Momentum Stock: Should You Buy?

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

6 months ago - Zacks Investment Research

Newtek Business Services Corp. CEO, Barry Sloane, to Present at the Deutsche Bank Global Financial Services & FinTech...

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...

6 months ago - GlobeNewsWire

Will Newtek Business Services (NEWT) Continue to Surge Higher?

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

6 months ago - Zacks Investment Research