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Hot Stocks
Newtek Business Services declares 58.1c per share dividend for third quarter » 14:41
07/20/20
07/20
14:41
07/20/20
14:41
NEWT

Newtek Business Services

$17.17 /

+0.02 (+0.12%)

Newtek Business Services…

Newtek Business Services announced that its board of directors declared a third quarter cash dividend of 58.1c per share, which is payable on September 30 to shareholders of record as of September 21. With the payment of the second quarter 2020 and third quarter 2020 dividends, the company will have paid a total of $1.58 per share for the first three quarters of 2020, which would represent a 9.7% increase over the dividends paid in the first three quarters of 2019 of $1.44 per share.

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NEWT Newtek Business Services
$17.17 /

+0.02 (+0.12%)

NEWT Newtek Business Services
$17.17 /

+0.02 (+0.12%)

05/15/20 Ladenburg
Newtek Business Services price target raised to $16 from $13 at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$17.17 /

+0.02 (+0.12%)

NEWT Newtek Business Services
$17.17 /

+0.02 (+0.12%)

Hot Stocks
Newtek Small Business Finance funds approx. $1.125B PPP loans » 08:56
07/14/20
07/14
08:56
07/14/20
08:56
NEWT

Newtek Business Services

$17.54 /

+0.26 (+1.50%)

Newtek Business Services…

Newtek Business Services announced that Newtek Small Business Finance has funded approximately $1.125B of Paycheck Protection Program loans of its total pipeline of $1.145B of PPP loans with SBA loan numbers to date. NSBF estimates that upwards of 130,000 employees could be retained by NSBF's PPP borrowers if NSBF's total potential funding of $1.145B of PPP loans is reached. NSBF estimates it will fund in whole or part of its remaining $20 million of PPP loans with SBA loan numbers. The PPP program is still ongoing and NSBF expects to accept PPP loan applications through August 8, 2020. As of Monday, July 6, 2020, there was in excess of $130 billion of appropriation remaining for PPP loans.

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NEWT Newtek Business Services
$17.54 /

+0.26 (+1.50%)

NEWT Newtek Business Services
$17.54 /

+0.26 (+1.50%)

05/15/20 Ladenburg
Newtek Business Services price target raised to $16 from $13 at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$17.54 /

+0.26 (+1.50%)

NEWT Newtek Business Services
$17.54 /

+0.26 (+1.50%)

Over a month ago
Hot Stocks
Newtek Small Business Finance restarts SBA 7(a) loan program » 08:37
06/23/20
06/23
08:37
06/23/20
08:37
NEWT

Newtek Business Services

$18.20 /

+0.74 (+4.24%)

Newtek Business Services…

Newtek Business Services announced that Newtek Small Business Finance will restart its SBA 7(a) loan program and begin accepting applications on June 29, 2020. NSBF plans to reenter its SBA 7(a) loan program in a cautious and measured manner, and will look to finance businesses based on the health of their balance sheets and income statements, pre-Covid-19 business activity and the business' forward projections. NSBF will, among other things, consider the business activity of each potential borrower over the period of March 2020 through June 2020 to assess their financial position after the period of state and local stay-at-home orders, focusing on companies with a 2- to 3-year operating history, hard collateral assets, pre-Covid-19 cash flows and liquidity to maintain their business. In April 2020, NSBF temporarily suspended its legacy SBA 7(a) loan program as it became an active lender through the Paycheck Protection Program, which served as the vehicle to enable SBA 7(a) lenders to make PPP loans to help U.S. small businesses maintain their payroll, pay their rent and utilities, and certain other costs. As of the date of this release, NSBF has funded approximately $1.08B of its total $1.15B of PPP loans with SBA loan numbers. The PPP program is still ongoing, and NSBF is still accepting PPP loan applications through June 30, 2020. As of Saturday, June 20, 2020, there was approximately $128B of appropriation remaining for PPP and SBA 7(a) loans.

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NEWT Newtek Business Services
$18.20 /

+0.74 (+4.24%)

NEWT Newtek Business Services
$18.20 /

+0.74 (+4.24%)

05/15/20 Ladenburg
Newtek Business Services price target raised to $16 from $13 at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$18.20 /

+0.74 (+4.24%)

NEWT Newtek Business Services
$18.20 /

+0.74 (+4.24%)

Earnings
Newtek Business Services sees Q2 adj. NII $1.30-$1.50, two est. $1.46 » 08:34
06/12/20
06/12
08:34
06/12/20
08:34
NEWT

Newtek Business Services

$15.70 /

-1.05 (-6.27%)

Newtek Business Services…

Newtek Business Services announced that its Board of Directors declared a second quarter 2020 cash dividend of 56.1c per share, which represents a 21.7% increase over the second quarter 2019 cash dividend. The second quarter 2020 dividend is payable on July 31, 2020 to shareholders of record as of July 15, 2020. In addition, the Company is forecasting 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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NEWT Newtek Business Services
$15.70 /

-1.05 (-6.27%)

NEWT Newtek Business Services
$15.70 /

-1.05 (-6.27%)

05/15/20 Ladenburg
Newtek Business Services price target raised to $16 from $13 at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$15.70 /

-1.05 (-6.27%)

Hot Stocks
Newtek Small Business Finance closes, funds approx. $1B PPP loans » 09:09
06/02/20
06/02
09:09
06/02/20
09:09
NEWT

Newtek Business Services

$17.21 /

+0.035 (+0.20%)

Newtek Business Services…

Newtek Business Services announced that Newtek Small Business Finance closed or funded approximately $1B of Paycheck Protection Program loans of its total $1.15B of PPP loans with SBA loan numbers to date. NSBF estimates that upwards of 130,000 employees could be retained by NSBF's PPP borrowers if NSBF's total potential funding of $1.15B of PPP loans is reached. NSBF estimates it will fund in whole or part of its remaining $150M of PPP loans with SBA loan numbers. The PPP program is still ongoing and NSBF is still accepting PPP loan applications as of the date of this release. As of Sunday, May 31, 2020, there was in excess of $100B of SBA 7(a) appropriation remaining for PPP loans and SBA 7(a) loans. As a result, the Company believes the gross amount of PPP loan approvals can increase or decrease from NSBF's total estimated potential funding of $1.15B of PPP loans. The Company's previously announced funding partners, as well as other existing partners of Newtek, are providing NSBF with referrals and additional financing to originate PPP loans.

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NEWT Newtek Business Services
$17.21 /

+0.035 (+0.20%)

NEWT Newtek Business Services
$17.21 /

+0.035 (+0.20%)

05/15/20 Ladenburg
Newtek Business Services price target raised to $16 from $13 at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$17.21 /

+0.035 (+0.20%)

Recommendations
Newtek Business Services price target raised to $16 from $13 at Ladenburg » 07:51
05/15/20
05/15
07:51
05/15/20
07:51
NEWT

Newtek Business Services

$14.26 /

+0.54 (+3.94%)

Ladenburg analyst Mickey…

Ladenburg analyst Mickey Schleien raised the firm's price target on Newtek Business Services to $16 from $13 and keeps a Buy rating on the shares following the company's Q1 results. The analyst believes the company's $1.15B of Paycheck Protection Program loans should be lucrative. The cyclicality risk of Newtek's portfolio is offset by the Treasury's program within the CARES Act to make interest and principal payments on performing 7(a) loans for six months, effectively eliminating near-term credit risk, Schleien tells investors in a research note.

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NEWT Newtek Business Services
$14.26 /

+0.54 (+3.94%)

NEWT Newtek Business Services
$14.26 /

+0.54 (+3.94%)

03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
NEWT Newtek Business Services
$14.26 /

+0.54 (+3.94%)

Over a quarter ago
Hot Stocks
NSBF obtains SBA loan numbers for $1.1B of PPP loans » 09:29
05/04/20
05/04
09:29
05/04/20
09:29
NEWT

Newtek Business Services

$13.85 /

-1.13 (-7.54%)

Newtek Business Services…

Newtek Business Services announced that Newtek Small Business Finance, the Company's nationally licensed lender under the U.S. Small Business Administration Section 7(a) Program, has obtained SBA loan numbers for $1.1 billion of Paycheck Protection Program loans, and will have funded, by close of business today, $603.4 million of the $1.1 billion of PPP loans. NSBF estimates that upwards of 130,000 employees could be retained by NSBF's PPP borrowers if NSBF's total potential funding of $1.1 billion of PPP loans is reached. While NSBF estimates it has $1.1 billion of PPP loans with SBA loan (E-Tran) numbers, there is no assurance that it will ultimately fund all of these loans. The PPP program is still ongoing and NSBF is still accepting PPP loan applications as of the date of this release. As a result, the Company believes the gross amount of PPP loan approvals can increase from the current level. The Company's previously announced funding partners, as well as other existing partners of Newtek, are providing NSBF with referrals and additional financing to originate PPP loans.

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NEWT Newtek Business Services
$13.85 /

-1.13 (-7.54%)

03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
Hot Stocks
Newtek Small Business Finance obtains $548M in E-Tran numbers for PPP loans » 09:26
04/20/20
04/20
09:26
04/20/20
09:26
NEWT

Newtek Business Services

$15.06 /

+0.26 (+1.76%)

Newtek Business…

Newtek Business Servicesannounced that Newtek Small Business Finance, the Company's nationally licensed lender under the U.S. Small Business Administration Section 7(a) Program, currently expects to fund upwards of $340 million of PPP loans by the close of business on Tuesday. As of today, NSBF has approved and obtained SBA E-Tran numbers for $548 million of PPP loans, since the PPP program commenced. NSBF further estimates that the $548 million of SBA loan numbers received will result in approximately 60,000 employees being retained on the payroll of our borrowers. Finally, NSBF has additional prospective borrowers compiling their information to be processed for PPP loan approval, that could represent an additional $600 million of PPP loans, and presently estimates that, based on its current pipeline, and contingent on further government appropriations to the PPP, it could fund in excess of $1.0 billion in PPP loans. Stifel Financial Corp. and UBS, as well as other existing partners of Newtek, are providing NSBF with referrals and additional financing to originate PPP loans.

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NEWT Newtek Business Services
$15.06 /

+0.26 (+1.76%)

03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
Hot Stocks
Newtek Business Services says NSBF helps businesses retain 20K employees » 08:39
04/13/20
04/13
08:39
04/13/20
08:39
NEWT

Newtek Business Services

$15.63 /

+1.9 (+13.84%)

Newtek Business Services…

Newtek Business Services announced that Newtek Small Business Finance, the Company's nationally licensed lender under the U.S. Small Business Administration Section 7(a) Program, is estimating that for the week ending April 17, 2020, NSBF will fund between $200 to $250 million of PPP loans. NSBF further estimates that these PPP loan fundings will enable its customers to continue to fund the payroll of approximately 20,000 employees. As of April 13, 2020, NSBF has approved a total of $552 million of PPP loans that are awaiting an SBA E-Tran number. Stifel Financial Corp. and UBS, as well as other existing partners of Newtek, are providing NSBF with referrals and additional financing to originate PPP loans.

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NEWT Newtek Business Services
$15.63 /

+1.9 (+13.84%)

03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
Hot Stocks
Newtek Business Services withdraws 2020 annual dividend forecast » 08:33
03/30/20
03/30
08:33
03/30/20
08:33
NEWT

Newtek Business Services

$16.98 /

-0.04 (-0.24%)

The company said,…

The company said, "The economic disruptions caused by the coronavirus has caused us to readjust our financial and business models. As a result, we are withdrawing our 2020 annual dividend forecast, which we issued in November of 2019. The mix and makeup of our business model in pricing and volume as well as the expense ratios of our SBA 7(a) business will change. Over the last month, we and our portfolio companies have been able to reduce approximately $2.0 million of annualized expenses, which we believe will help our earnings going forward. We plan to provide new guidance to our investors during our first quarter 2020 earnings conference call. We look forward to reporting our efforts and future prospects at that time, which currently appear promising coming out of these challenging times."

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NEWT Newtek Business Services
$16.98 /

-0.04 (-0.24%)

03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/19/20 Ladenburg
Newtek Business Services upgraded to Buy from Neutral at Ladenburg
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James
03/16/20 Raymond James
Newtek Business Services upgraded to Market Perform from Underperform at Raymond James

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