NewtekOne (NASDAQ:NEWT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

NewtekOne, Inc. (NASDAQ:NEWT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.10 and traded as high as $13.00. NewtekOne shares last traded at $12.93, with a volume of 126,167 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NewtekOne in a research report on Thursday, January 22nd. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Piper Sandler raised their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Keefe, Bruyette & Woods raised their target price on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

NewtekOne Trading Up 2.0%

The firm has a fifty day moving average of $12.22 and a two-hundred day moving average of $12.10. The company has a market cap of $373.16 million, a PE ratio of 5.70 and a beta of 1.28.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.The company had revenue of $88.18 million during the quarter, compared to analyst estimates of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Sell-side analysts expect that NewtekOne, Inc. will post 2.38 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.76 annualized dividend and a yield of 5.9%. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Institutional Investors Weigh In On NewtekOne

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in NewtekOne by 3.8% in the 4th 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 grew its holdings in NewtekOne by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after buying an additional 1,209 shares in the last quarter. Cerity Partners LLC grew its holdings in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after buying an additional 2,095 shares in the last quarter. Rhumbline Advisers grew its holdings in NewtekOne by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock valued at $411,000 after buying an additional 2,108 shares in the last quarter. Finally, Man Group plc grew its holdings in NewtekOne by 6.1% during the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock valued at $453,000 after buying an additional 2,304 shares in the last quarter. Hedge funds and other institutional investors 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.