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Last $17.20 USD
Change Today +0.23 / 1.36%
Volume 52.2K
NEWT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

newtek business services cor (NEWT) Snapshot

Open
$16.97
Previous Close
$16.97
Day High
$17.65
Day Low
$16.80
52 Week High
03/25/15 - $19.95
52 Week Low
11/12/14 - $12.61
Market Cap
177.6M
Average Volume 10 Days
105.1K
EPS TTM
$1.05
Shares Outstanding
10.3M
EX-Date
06/25/15
P/E TM
16.4x
Dividend
$1.88
Dividend Yield
5.00%
Current Stock Chart for NEWTEK BUSINESS SERVICES COR (NEWT)

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newtek business services cor (NEWT) Details

Newtek Business Services Corp., a business development company, provides financial and business services to the small-and medium-sized business market in the United States and internationally. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, All Other, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides accounts receivable financing and management services. Its electronic payment processing services include credit and debit card processing, check approval, and ancillary processing equipment and software to merchants. The company also provides Website, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The company was founded in 1998 and is headquartered in New York, New York.

329 Employees
Last Reported Date: 03/31/15
Founded in 1998

newtek business services cor (NEWT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $500.0K
Chief Lending Officer, Director and President...
Total Annual Compensation: $375.0K
Chief Accounting Officer, Executive Vice Pres...
Total Annual Compensation: $330.0K
Chief Compliance Officer and Executive Vice P...
Total Annual Compensation: $288.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2014.

newtek business services cor (NEWT) Key Developments

Newtek Business Services Corp. Reaffirms Dividend Guidance for the Year 2015; to Pay One-Time Special Dividend by the End of 2015

Newtek Business Services Corp. reaffirmed the 2015 annual cash dividend forecast of approximately $1.82 per share. Based on the final earnings and profits analysis through 2014, management has revised its forecast and anticipates paying a one-time special dividend of $3.29 per share by the end of 2015, of which between 24% and 27% is expected to be paid in cash, with the balance paid in newly issued shares of Newtek Common Stock. The special dividend will be reported to shareholders as a qualified dividend.

Newtek Business Services Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Newtek Business Services Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total investment income of $5,606,000. Net investment loss was $2,295,000. Net asset value was $16.62 per share at June 30, 2015. Adjusted net investment income was $5.0 million, or $0.49 per share. Net investment loss per share was $0.22. For the six months ended June 30, 2015 adjusted net investment income was $10.3 million or $1.01 per share. Total investment income was $10,356,000. Net investment loss was $4,771,000. Net investment loss per share was $0.47.

Newtek Business Services Corp. to Report Q2, 2015 Results on Jul 30, 2015

Newtek Business Services Corp. announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Jul 30, 2015

 

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NEWT Competitors

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Company Last Change
Calpian Inc $0.63 USD 0.00
Global Payments Inc $111.99 USD +2.87
Heartland Payment Systems Inc $59.69 USD +1.01
LendingClub Corp $12.38 USD +0.21
On Deck Capital Inc $9.08 USD +0.41
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Industry Analysis

NEWT

Industry Average

Valuation NEWT Industry Range
Price/Earnings 9.4x
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow 9.9x
TEV/Sales 0.7x
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