NewtekOne, Inc. (NASDAQ:NEWT) Short Interest Update

NewtekOne, Inc. (NASDAQ:NEWT) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,160,000 shares, an increase of 23.3% from the January 31st total of 941,000 shares. Based on an average daily trading volume, of 150,300 shares, the days-to-cover ratio is currently 7.7 days.

NewtekOne Stock Down 0.1 %

NEWT traded down $0.01 on Friday, hitting $12.11. 102,275 shares of the company were exchanged, compared to its average volume of 160,068. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market cap of $318.53 million, a price-to-earnings ratio of 6.73 and a beta of 1.33. The firm has a 50-day moving average price of $12.80 and a two-hundred day moving average price of $12.98. NewtekOne has a twelve month low of $10.07 and a twelve month high of $15.49.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The firm had revenue of $75.37 million for the quarter, compared to the consensus estimate of $69.55 million. On average, equities analysts predict that NewtekOne will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.28%. NewtekOne’s dividend payout ratio (DPR) is presently 38.97%.

Wall Street Analyst Weigh In

NEWT has been the subject of a number of research reports. Piper Sandler boosted their target price on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Finally, B. Riley raised their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.

Insider Activity

In other news, CEO Barry Sloane bought 3,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $12.95 per share, with a total value of $38,850.00. Following the purchase, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. The trade was a 0.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased a total of 4,750 shares of company stock valued at $61,368 in the last quarter. 6.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of NewtekOne by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock worth $33,000 after buying an additional 1,703 shares during the period. Quantbot Technologies LP purchased a new stake in NewtekOne during the fourth quarter valued at about $55,000. Nisa Investment Advisors LLC grew its holdings in shares of NewtekOne by 137.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares during the period. Finally, Aquatic Capital Management LLC lifted its position in NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock valued at $70,000 after buying an additional 2,184 shares in the last quarter. 38.35% of the stock is owned by hedge funds and other institutional investors.

NewtekOne Company Profile

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.