Newtek Business Services Corp

Newtek Business Services Corp Stock Forecast & Price Prediction

Live Newtek Business Services Corp Stock (NEWT) Price
$11.56

7

Ratings

  • Buy 3
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$11.56

P/E Ratio

7.45

Volume Traded Today

$235,153

Dividend

$0.18

52 Week High/low

17.95/10.07

Newtek Business Services Corp Market Cap

$327.1M

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $NEWT ๐Ÿ›‘

Before you buy NEWT you'll want to see this list of ten stocks that have huge potential. Want to see if NEWT made the cut? Enter your email below

NEWT Summary

Based on ratings from 7 stock analysts, the Newtek Business Services Corp stock price is expected to increase by 18.94% in 12 months. This is calculated by using the average 12-month stock price forecast for Newtek Business Services Corp. The lowest target is $13 and the highest is $16. Please note analyst price targets are not guaranteed and could be missed completely.

NEWT Analyst Ratings

About 7 Wall Street analysts have assignedNEWT 3 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Newtek Business Services Corp to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NEWT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

NEWT stock forecast by analyst

These are the latest 20 analyst ratings of NEWT.

Analyst/Firm

Rating

Price Target

Change

Date

Timothy Switzer
Keefe, Bruyette & Woods

Market Perform

$13

Maintains

Mar 20, 2024
Crispin Love
Piper Sandler

Neutral

$11

Maintains

Mar 18, 2024
Timothy Switzer
Keefe, Bruyette & Woods

Market Perform

$16

Maintains

Mar 7, 2024
Bryce Rowe
B. Riley Securities

Buy

$18

Reiterates

Mar 7, 2024
Merrill Ross
Compass Point

Neutral

$16

Maintains

Aug 30, 2023
Bryce Rowe
B. Riley Securities

Buy

$21

Maintains

Aug 14, 2023
Bryce Rowe
B. Riley Securities

Buy

$20

Maintains

Jun 20, 2023
Bryce Rowe
B. Riley Securities

Buy

$15

Initiates

May 19, 2023
Paul Johnson
Keefe, Bruyette & Woods

Market Perform

$12

Maintains

Mar 16, 2023
Crispin Love
Piper Sandler

Neutral


Initiates

Feb 22, 2023
Paul Johnson
Keefe, Bruyette & Woods

Market Perform

$19

Maintains

Feb 2, 2023
Robert Dodd
Raymond James

Market Perform


Upgrade

Aug 8, 2022

Raymond James

Underperform


Downgrade

Aug 4, 2021

Raymond James

Underperform


Downgrade

Aug 3, 2021
Merrill Ross
Compass Point

Neutral

$38

Downgrade

Jun 7, 2021
Casey Alexander
Compass Point

Buy

$30

Upgrade

Apr 20, 2021
Paul Johnson
Keefe, Bruyette & Woods

Market Perform

$21

Maintains

Feb 9, 2021

Ladenburg Thalmann

Neutral


Downgrade

Aug 11, 2020

Ladenburg Thalmann

Buy


Upgrade

Mar 19, 2020

Raymond James

Market Perform


Upgrade

Mar 16, 2020

NEWT Company Information

  • Company Name: NewtekOne, Inc.
  • Type: Bank holding company for Newtek Bank, National Association.
  • Target Market: Small- and medium-sized businesses.
  • Core Services:
    • Financial solutions including various deposit accounts.
    • Loan offerings such as SBA loans, commercial loans, and commercial real estate loans.
    • Electronic payment processing including credit/debit card processing and check approval services.
  • Technological Services:
    • Cloud-based Point of Sale systems for various industries (restaurants, retail, etc.).
    • Website hosting, dedicated server hosting, and cloud hosting services.
    • Web design and development, internet marketing, and e-commerce solutions.
  • Additional Services:
    • Wholesale brokerage insurance agency services.
    • Payroll management and related tax reporting services.
    • Data storage, backup and disaster recovery services.
  • Company History: Founded in 1998, originally known as Newtek Business Services Corp.; renamed to NewtekOne, Inc. in January 2023.
  • Headquarters: Boca Raton, Florida.
NEWT
Newtek Business Services Corp (NEWT)

When did it IPO

N/A

Staff Count

567

Country

United States

Sector/Industry

Financial Services/Banks - Regional

CEO

Mr. Barry Scott Sloane

Market Cap

$327.1M

Newtek Business Services Corp (NEWT) Financial Data

In 2023, NEWT generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that NEWT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$75.0M

Revenue From 2021

$147.8M

97.12 %
From Previous Year

Revenue From 2022

$105.2M

-28.82 %
From Previous Year

Revenue From 2023

N/A

0.00 %
From Previous Year
  • Revenue TTM $301.0M
  • Operating Margin TTM 46.7%
  • Gross profit TTM $0
  • Return on assets TTM 5.8%
  • Return on equity TTM 17.1%
  • Profit Margin 14.1%
  • Book Value Per Share 9.84%
  • Market capitalisation $327.1M
  • Revenue for 2021 $147.8M
  • Revenue for 2022 $105.2M
  • Revenue for 2023 N/A
  • EPS this year (TTM) $1.66

Newtek Business Services Corp (NEWT) Latest News

No news data available.

...

NEWT Frequently asked questions

The highest forecasted price for NEWT is $16 from Merrill Ross at Compass Point.

The lowest forecasted price for NEWT is $13 from Timothy Switzer from Keefe, Bruyette & Woods

The NEWT analyst ratings consensus are 3 buy ratings, 4 hold ratings, and 0 sell ratings.