NewtekOne, Inc. (NASDAQ:NEWT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods raised their price objective on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Raymond James Financial upgraded NewtekOne to a “hold” rating in a research report on Wednesday, July 1st.

NewtekOne Stock Down 0.4%

Shares of NASDAQ:NEWT opened at $14.37 on Tuesday. The firm has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $13.21. NewtekOne has a twelve month low of $9.59 and a twelve month high of $15.69. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The company has a market capitalization of $415.15 million, a PE ratio of 6.33 and a beta of 1.27.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The firm had revenue of $88.18 million for the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities analysts predict that NewtekOne will post 2.36 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is currently 33.48%.

Insider Buying and Selling

In other news, CEO Barry Sloane purchased 11,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were bought at an average price of $14.21 per share, with a total value of $156,310.00. Following the completion of the transaction, the chief executive officer directly owned 1,176,914 shares in the company, valued at approximately $16,723,947.94. This represents a 0.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 20,567 shares of company stock worth $288,496 over the last quarter. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On NewtekOne

Several large investors have recently modified their holdings of NEWT. LPL Financial LLC grew its position in shares of NewtekOne by 3.8% during the fourth quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock worth $241,000 after acquiring an additional 775 shares during the last quarter. Kestra Advisory Services LLC raised its position in NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 1,209 shares during the last quarter. Cerity Partners LLC boosted its stake in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after purchasing an additional 2,095 shares during the period. Rhumbline Advisers boosted its stake in NewtekOne by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,108 shares during the period. Finally, Man Group plc grew its position in NewtekOne by 6.1% during the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after purchasing an additional 2,304 shares during the last quarter. 38.35% of the stock is owned by institutional investors and hedge funds.

About NewtekOne

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.