NewtekOne, Inc. (NASDAQ:NEWT) Given Consensus Rating of “Hold” by Brokerages

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.00.

A number of research firms recently weighed in on NEWT. Wall Street Zen lowered NewtekOne from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NewtekOne in a research note on Thursday, January 22nd. Piper Sandler lifted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NewtekOne from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, January 30th.

NewtekOne Trading Down 3.4%

NewtekOne stock opened at $12.28 on Monday. The firm has a market cap of $354.77 million, a price-to-earnings ratio of 5.61 and a beta of 1.25. NewtekOne has a 1 year low of $9.12 and a 1 year high of $14.91. The firm’s 50 day moving average price is $12.96 and its two-hundred day moving average price is $11.88. The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.67 and a current ratio of 0.67.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $55.85 million during the quarter, compared to analyst estimates of $80.01 million. NewtekOne had a return on equity of 19.52% and a net margin of 15.51%. On average, research analysts predict that NewtekOne will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 22nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, December 22nd. NewtekOne’s payout ratio is presently 34.70%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, insider Michael Adam Schwartz purchased 2,247 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were purchased at an average cost of $13.91 per share, with a total value of $31,255.77. Following the completion of the transaction, the insider owned 49,713 shares of the company’s stock, valued at approximately $691,507.83. This represents a 4.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Barry Sloane acquired 3,595 shares of NewtekOne stock in a transaction that occurred on Wednesday, January 14th. The stock was acquired at an average cost of $13.91 per share, with a total value of $50,006.45. Following the completion of the purchase, the chief executive officer owned 1,194,180 shares in the company, valued at approximately $16,611,043.80. This represents a 0.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 10,845 shares of company stock worth $145,511. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On NewtekOne

Large investors have recently made changes to their positions in the business. Patriot Financial Partners GP II L.P. bought a new stake in NewtekOne during the third quarter worth about $26,423,000. Vanguard Group Inc. grew its position in NewtekOne by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock worth $16,706,000 after acquiring an additional 26,966 shares during the last quarter. Geode Capital Management LLC increased its holdings in NewtekOne by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 630,105 shares of the business services provider’s stock valued at $7,109,000 after purchasing an additional 14,413 shares in the last quarter. Marshall Wace LLP raised its position in NewtekOne by 42.9% in the 2nd quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider’s stock valued at $7,034,000 after purchasing an additional 187,103 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of NewtekOne by 119.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after purchasing an additional 298,830 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.