Newtek is Positioning Itself to Become the Bank of the Future for Independently Owned Businesses BOCA RATON, Fla., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced it has selected the Apiture Digital Banking Platform to support the digital capabilities of Newtek Bank, pending regulatory
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Newtek might look like a bargain to some investors. Find out why we believe NEWT stock remains overvalued.
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Newtek is attractive here and we see good things on a longer-term outlook. See why we see too many better stocks here than NEWT stock.
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Newtek Business (NEWT) declares $0.65/share quarterly dividend, -13.3% decrease from prior dividend of $0.75. Forward yield 12.22%
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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 Directors declared a third quarter 2022 cash dividend of $0.65 per share. 1 The third quarter 2022 dividend is payable on September 30, 2022 to shareholders of record as of September 20, 2022.
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Raymond James analyst Robert Dodd upgraded Newtek Business Services (NEWT) to Market Perform from Underperform Monday as its earnings outlook brightens and its near-term dividends…
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https://www.investing.com/news/pro/raymond-james-downgrades-newtek-business-services-to-underperform-432SI-2866177
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Newtek Business Services Corp. (NASDAQ:NASDAQ:NEWT) Q2 2022 Earnings Conference Call August 04, 2022 08:30 AM ET Company Participants Barry Sloane - Chairman, President and Chief Executive…
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The following slide deck was published by Newtek Business Services Corp.
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Newtek Business press release (NEWT): Q2 Non-GAAP NII of $0.75 beats by $0.03.Total investment income of $19.2M (-47.5% Y/Y) misses by $0.54M.Total investment portfolio increased…
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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 Same Period Last Year
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Newtek Business (NEWT) is scheduled to announce Q2 earnings results on Wednesday, August 3rd, after market close.The consensus EPS Estimate is $0.72 (-40.0% Y/Y) and the consensus…
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BOCA RATON, Fla., July 20, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its second quarter 2022 financial results after the market closes on Wednesday, August 3, 2022. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Nicholas Leger, Chief Accounting Officer, the following day, Thursday, August 4, 2022 at 8:30 am ET.
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Newtek Business Services (NEWT) announced that Newtek Small Business Finance has funded a record amount of SBA loans for the three and six months ended June 30, 2022
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Company Reaffirms Financial Forecasts for the First Half of 2022 BOCA RATON, Fla., July 05, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today that Newtek Small Business Finance, LLC (“NSBF”) has funded a record amount of SBA 7(a) loans for the three and six … The post Newtek Business Services Corp. Reports Record SBA 7(a) Loan Fundings for the Second Quarter 2022 appeared first on ForexTV .
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NEWT is a BDC company in a transition. It has historically paid out ~ 100% of earnings, but as a bank holding company, the distributions will be much more limited. See why NEWT is a buy.
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Newtek Business Services (NEWT) shares popped ~3% pre-market after the company announced a stock repurchase program to buyback up to 500,000 shares of its common stock. That…
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Newtek beat Q1-2022 estimates by delivering 72 cents a share of net adjusted income. Read more to know why we anticipate giving NEWT stock buy rating.
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BOCA RATON, Fla., June 02, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (NASDAQ: NEWT ), an internally managed business development company ("BDC"), today announced that Newtek''s CEO and President, Barry Sloane, will present at the LD Micro by SRAX Invitational XII at the Four Seasons Westlake Village, California on Wednesday, June 8, 2022 at 9:30 AM PDT (12:30 PM EDT), Track 4. Barry Sloane will be available for one-on-one meetings throughout the day. To schedule a meeting, please contact your LD Micro representative, or Jayne Cavuoto, Director of Investor Relations for Newtek, at 212-273-8179 or jcavuoto@newtekone.com . A livestream of the presentation and the question-and-answer session will be available in the ''Events & Presentations'' section of the ''Investor Relations'' portion of Newtek''s website at https://investor.newtekbusinessservices.com/events-and-presentations . A replay of the presentation will be available in the same location on Newtek''s website by June 15, 2022 and for a period of 90 days …
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BOCA RATON, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. , (NASDAQ: NEWT ), an internally managed business development company ("BDC"), announced that earlier today at a special meeting of shareholders (the "Special Meeting"), Newtek shareholders overwhelmingly approved a proposal authorizing the Company''s Board of Directors to discontinue the Company''s election to be regulated under the Investment Company Act of 1940, as amended (the "1940 Act") (subject to certain regulatory approvals and closing conditions described in the Company''s Proxy Statement dated May 2, 2022) (the "Proposal"). As disclosed in the Company''s Form 8-K filed today, 89% of the votes cast at the Special Meeting were in favor of the Proposal. As disclosed on August 2, 2021, the Company entered into a stock purchase agreement to acquire all of the issued and outstanding stock of the National Bank of New York City ("NBNYC") (the "Transaction"), subject to regulatory approvals and closing conditions.
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BOCA RATON, Fla., June 01, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (BDC), today announced that Newteks CEO and President, Barry Sloane, will present virtually at Deutsche Bank Global Financial Services & FinTech/Info Services Conference on Wednesday, June 2, 2021 at 2:05 PM ET.
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Entretien avec Muriel Bernard, CEO d''eFarmz, et Benoît De Bruyn, Co-fondateur de NewTree.
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Newtek Business Services Corp (NEWT) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $716M. The stock is currently up 64.6% year-to-date, up 137.7% over the past 12 months, and up 310.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 0.6%. Trading Activity Trading volume this week was 72.0% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 280.2% The company's stock price performance over the past 12 months beats the peer average by 180.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -74.5% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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BOCA RATON, Fla. (AP) _ Newtek Business Services Inc. (NEWT) on Tuesday reported first-quarter net income of $30.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Boca Raton, Florida-based company said it had net income of $1.35. Earnings, adjusted for one-time gains and costs, were $1.05 []
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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 declared a second quarter 2021 cash dividend of $0.70 1 per share. The second quarter 2021 dividend is payable on June 30, 2021 to shareholders of record as of June 15, 2021. The payment of the second quarter 2021 dividend would represent a 25% increase over the second quarter 2020 dividend of $0.56 per share, and a 52.2% increase over the second quarter 2019 dividend of $0.46 per share.
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Upgrades Compass Point upgraded the previous rating for Newtek Business Services Corp (NASDAQ:NEWT) from Neutral to Buy. For the fourth quarter, …
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On February 23, 2021, Newtek Business Services (NASDAQ:NEWT) declared a dividend payable on March 31, 2021 to its shareholders. Newtek Business Services …
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Newtek Business Services announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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Newtek Business Services Corp. (NASDAQ:NEWT) CEO Barry Sloane acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 18th. The shares were purchased at an average cost of $17.95 per share, for a total transaction of $17,950.00. Following the completion of the transaction, the chief executive officer now owns 1,055,094 shares in […]
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Newtek Business Services announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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NEWTEK Business Services (NASDAQ:NEWT) and CynergisTek (NYSE:CTEK) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their analyst recommendations, risk, valuation, earnings, profitability, institutional ownership and dividends. Volatility & Risk NEWTEK Business Services has a beta of 1.26, meaning that its stock […]
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The government's PPP loan program is a boon to NEWT. Small Business Administration (SBA) loan payments help insure a steady income for NEWT.
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as…
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Newtek Business Services (NEWT -0.9%) has funded ~$1.125B of Paycheck Protection Program loans of its total pipeline of $1.145B of PPP loans with U.S. Smal
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In this article we will take a look at whether hedge funds think Newtek Business Services Corp (NASDAQ:NEWT) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional
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Forecasts Adjusted Net Investment Income in a Range of $1.30 per Share to $1.50 per Share for the Second Quarter of 2020
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BOCA RATON, Fla., June 12, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company…
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BOCA RATON, Fla., May 07, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company…
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BOCA RATON, Fla., May 04, 2020 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company…
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Newtek Business Services Corp., (NEWT), an internally managed business development company (“BDC”), today outlined sections of the recently passed Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), the $2.0 trillion stimulus package, that relate to the efforts of Newtek Small Business
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Newtek Business (NASDAQ:NEWT): FY Non-GAAP NII of $2.33 in-line; GAAP NII of -$0.29 misses by $2.46. Total investment income of $59.3M (+19.7% Y/Y) misses
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Newtek Business' (NEWT) third-quarter 2019 results are expected to reflect the adverse impact of an expected fall in investment income.
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Newtek Business Services Corp. said Wednesday it will pay a third-quarter dividend of 58 cents a share, which is up 26% from the second-quarter dividend of…
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Newtek Business (NEWT): Q1 Non-GAAP NII of $0.44 beats by $0.03; GAAP NII of -$0.05. Total investment income of $13.76M (+24.3% Y/Y) beats by $0.24M. Press
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