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Newtek Business Announces Leadership Changes at Newtek Bank

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Newtek Business Announces Leadership Changes at Newtek Bank

Confident Investing Starts Here:

Newtek Business ( (NEWT) ) has provided an announcement.

On April 21, 2025, Newtek Business announced leadership changes at Newtek Bank, N.A., with Nicolas Young resigning as President and COO, effective May 16, 2025. Peter Downs, previously the Chief Lending Officer, was appointed as the new President, effective April 22, 2025. Additionally, Frank DeMaria was named Chief Financial Officer of the company, while M. Scott Price continued as CFO of the bank. These appointments are part of strategic leadership restructuring aimed at strengthening the company’s operational and financial strategies.

Spark’s Take on NEWT Stock

According to Spark, TipRanks’ AI Analyst, NEWT is a Neutral.

Newtek’s overall stock score is moderately low at 56. This reflects significant financial challenges, with zero revenue reported in 2024 and liquidity concerns. However, the stock appears undervalued with a low P/E ratio and high dividend yield, and the earnings call points to potential growth. Technical analysis indicates bearish momentum, suggesting caution. Strengthening revenue and cash flow are crucial for future stability, while the company must navigate credit risks and macroeconomic challenges.

To see Spark’s full report on NEWT stock, click here.

More about Newtek Business

Newtek Business operates in the financial services industry, focusing on small business lending and banking services through its subsidiary, Newtek Bank, N.A. The company offers a range of financial products, including SBA 7(a) loans, and has a strong presence in the small business sector.

YTD Price Performance: -16.84%

Average Trading Volume: 227,706

Technical Sentiment Signal: Strong Buy

Current Market Cap: $273.9M

For detailed information about NEWT stock, go to TipRanks’ Stock Analysis page.

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