NewtekOne (NASDAQ:NEWT) Releases FY 2025 Earnings Guidance

NewtekOne (NASDAQ:NEWT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.000-2.250 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of -. NewtekOne also updated its FY 2024 guidance to 1.850-2.050 EPS.

NewtekOne Price Performance

Shares of NewtekOne stock traded down $0.15 during trading hours on Friday, hitting $14.08. The company’s stock had a trading volume of 145,957 shares, compared to its average volume of 149,540. The company has a market cap of $365.52 million, a PE ratio of 7.87 and a beta of 1.29. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $12.77. NewtekOne has a 12-month low of $10.07 and a 12-month high of $15.25.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.40%. NewtekOne’s dividend payout ratio is presently 42.46%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NEWT shares. B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $13.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up from $13.00) on shares of NewtekOne in a report on Friday.

Insider Buying and Selling at NewtekOne

In other news, CEO Barry Sloane acquired 40,134 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $11.75 per share, with a total value of $471,574.50. Following the acquisition, the chief executive officer now directly owns 1,187,457 shares of the company’s stock, valued at approximately $13,952,619.75. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought 48,283 shares of company stock worth $569,472 in the last quarter. 6.50% of the stock is owned by corporate insiders.

About NewtekOne

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.