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Newtek Business Services Corp. (NEWT)
11.16  0.16 (1.45%)    04-29 16:00
Open: 10.99
High: 11.24
Volume: 128,489
  
Pre. Close: 11
Low: 10.99
Market Cap: 276(M)
Technical analysis
2024-04-29 4:48:06 PM
Short term     
Mid term     
Targets 6-month :  13.7 1-year :  14.64
Resists First :  11.73 Second :  12.53
Pivot price 11.23
Supports First :  10.43 Second :  8.67
MAs MA(5) :  10.99 MA(20) :  11.38
MA(100) :  12.14 MA(250) :  13.96
MACD MACD :  -0.2 Signal :  -0.1
%K %D K(14,3) :  17.4 D(3) :  15.2
RSI RSI(14): 48.8
52-week High :  19.36 Low :  10.06
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ NEWT ] has closed above bottom band by 45.9%. Bollinger Bands are 3.6% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 11.25 - 11.3 11.3 - 11.34
Low: 10.88 - 10.93 10.93 - 10.98
Close: 11.08 - 11.16 11.16 - 11.23
Company Description

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 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, 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 management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, 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; Accounts Receivable Financing, and The Secure Gateway. 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 firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.

Headline News

Thu, 07 Mar 2024
Newtek Business Services Corp. (NASDAQ:NEWT) Q4 2023 Earnings Call Transcript - Yahoo Finance

Sat, 05 Aug 2023
Newtek Business Services Corp. (NASDAQ:NEWT) Q2 2023 Earnings Call Transcript - Yahoo Finance

Mon, 09 Jan 2023
Newtek to rebrand after $20 million acquisition of New York bank - South Florida Business Journal - The Business Journals

Fri, 06 Jan 2023
Newtek Business Services Corp. Completes Acquisition of National Bank of New York City - GlobeNewswire

Tue, 13 Dec 2022
Newtek Business Services: Impending Acquisition A Major Tailwind To Future Growth - Seeking Alpha

Wed, 21 Sep 2022
Newtek Business Services Corp. Announces Upcoming Rebranding Strategy and Expanded Services - GlobeNewswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Asset Management
Shares Out 25 (M)
Shares Float 23 (M)
Held by Insiders 6.7 (%)
Held by Institutions 38.2 (%)
Shares Short 1,870 (K)
Shares Short P.Month 1,830 (K)
Stock Financials
EPS 1.87
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.28
Profit Margin 17.4 %
Operating Margin 48 %
Return on Assets (ttm) 6.3 %
Return on Equity (ttm) 15.1 %
Qtrly Rev. Growth 118.1 %
Gross Profit (p.s.) 0
Sales Per Share 10.97
EBITDA (p.s.) 5.08
Qtrly Earnings Growth 0 %
Operating Cash Flow -169 (M)
Levered Free Cash Flow -402 (M)
Stock Valuations
PE Ratio 5.93
PEG Ratio 1.9
Price to Book value 1.2
Price to Sales 1.01
Price to Cash Flow -1.63
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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