| NEWT Stock | | | USD 13.01 0.29 2.18% |
President
Mr. Peter Mathison Downs is Chief Lending Officer of the Company. He joined the Company in 2003 and was the President of Newtek Small Business Finance, LLC and a member of the Risk Committee for NSBF. He has had primary responsibility for the development of the Companys lending policies and procedures, portfolio and marketing, from its inception. Prior to joining Newtek in 2003, Mr. Downs spent sixteen years in various small business lending roles within the banking industry. From 1990 to 2001, he was employed with EAB, where he held various positions including New Business Development Officer for Small Business Lending and Group Manager of Retail Small Business Lending which encompassed the underwriting and servicing of the banks small business loan portfolio. With EABs acquisition by Citibank, Mr. Downs was asked to run the banks SBA lending portfolio in New York and was eventually named the National Director of SBA lending, coordinating the banks SBA underwriting and sales efforts in all Citibank markets across the country. In addition to his banking experience, he was involved in several nonprofit small business advisory boards, and was a member of the National Association of Government Guaranteed Lenders Regional Technical Issues Committee. since 2015.
| Age | 59 |
| Tenure | 9 years |
| Address | 4800 T-Rex Avenue, Boca Raton, FL, United States, 33431 |
| Phone | 212 356 9500 |
| Web | https://www.newtekone.com |
Downs joined the Company in 2003 and was the President of Newtek Small Business Finance, LLC and a member of both Credit and Risk Committees for NSBF. He has had primary responsibility for the development of the Company’s lending policies and procedures, portfolio and marketing, from its inception. In 2008, Mr. Downs took on the additional responsibility as the Chief Credit Officer of Newtek Business Credit, with the primary responsibility to grow and manage the Company’s accounts receivable finance and management business. Prior to joining Newtek in 2003, Mr. Downs spent sixteen years in various small business lending roles within the banking industry. From 1990 to 2001, he was employed with European American Bank, where he held various positions including New Business Development Officer for Small Business Lending and Group.Mr
Newtek Business Management Efficiency
The company has return on total asset
(ROA) of
0.0608 % which means that it generated a profit of $0.0608 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity
(ROE) of
0.1705 %, meaning that it created $0.1705 on every $100 dollars invested by stockholders. Newtek Business' management efficiency ratios could be used to measure how well Newtek Business manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Newtek Business'
Return On Capital Employed is comparatively stable compared to the past year.
Return On Equity is likely to gain to 0.20 in 2024, whereas
Return On Tangible Assets are likely to drop 0.03 in 2024. At this time, Newtek Business'
Liabilities And Stockholders Equity is comparatively stable compared to the past year.
Non Current Liabilities Total is likely to gain to about 1.2
B in 2024, whereas
Total Current Liabilities is likely to drop slightly above 54.5
M in 2024.
Newtek Business Services currently holds 644.12
M in liabilities with Debt to Equity
(D/E) ratio of 1.32, which is about average as compared to similar companies. Newtek Business Services has a current ratio of 12.11, suggesting that it is
liquid enough and is able to pay its financial obligations when due. Note, when we think about Newtek Business' use of debt, we should always consider it together with its cash and equity.
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. ,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. Newtek Bus operates under Asset Management classification in the United States and is traded on NASDAQ Exchange. It employs 104 people. Newtek Business Services (NEWT) is traded on NASDAQ Exchange in USA. It is located in 4800 T-Rex Avenue, Boca Raton, FL, United States, 33431 and employs 570 people. Newtek Business is listed under Asset Management & Custody Banks category by Fama And French industry classification.
Management Performance
Newtek Business Services Leadership Team
Elected by the shareholders, the Newtek Business' board of directors comprises two types of representatives: Newtek Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newtek. The board's role is to monitor Newtek Business' management team and ensure that shareholders' interests are well served. Newtek Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Newtek Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Schwartz, Chief Legal Officer and Corporate Secretary | |
| Peter Downs, Chief Lending Officer, Director and President of Newtek Small Bus. Fin. | |
| Jayne CavuotoKrafchik, Director Relations | |
| Brian Moon, Treasurer and Senior Vice President - Corporate Development | |
| Halli RazonFeingold, Chief Resources | |
| Nicolas Young, Chief Officer | |
| Timothy Ihlefeld, Ex Officer | |
| Andrew Kaplan, Chief Officer | |
| Nicholas Leger, Principal Officer | |
| Ron Lay, Chief Officer | |
| Frank DeMaria, Executive Officer | |
| Barry Sloane, Chairman, CEO and Pres | |
| Michael Price, Chief Officer | |
| Albert Spada, Exec Lending | |
| Taylor Quinn, Senior Officer | |
Newtek Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Newtek Business a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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Additional Tools for Newtek Stock Analysis
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