NewtekOne (NASDAQ:NEWT) Upgraded by Raymond James Financial to “Hold” Rating

Raymond James Financial upgraded shares of NewtekOne (NASDAQ:NEWT) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Weiss Ratings downgraded NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Keefe, Bruyette & Woods increased their target price on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NewtekOne currently has a consensus rating of “Hold” and an average target price of $15.00.

NewtekOne Stock Performance

Shares of NEWT opened at $14.57 on Wednesday. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $12.85. The company has a market cap of $420.94 million, a PE ratio of 6.42 and a beta of 1.27. NewtekOne has a one year low of $9.59 and a one year high of $15.34.

NewtekOne (NASDAQ:NEWT) last issued 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 return on equity of 19.00% and a net margin of 16.15%.The business 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. On average, equities research analysts predict that NewtekOne will post 2.36 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 24th. NewtekOne’s payout ratio is currently 33.48%.

Insider Activity at NewtekOne

In related news, CEO Barry Sloane bought 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $14.20 per share, for a total transaction of $71,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,181,914 shares of the company’s stock, valued at $16,783,178.80. This trade represents a 0.42% 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. Insiders purchased 20,567 shares of company stock valued at $288,496 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On NewtekOne

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in NewtekOne during the 3rd quarter valued at $46,000. Quantbot Technologies LP bought a new stake in shares of NewtekOne in the 2nd quarter worth $107,000. Dumont & Blake Investment Advisors LLC purchased a new stake in shares of NewtekOne in the first quarter valued at about $118,000. Cerity Partners LLC raised its holdings in shares of NewtekOne by 18.0% in the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of NewtekOne during the third quarter valued at about $191,000. Institutional investors own 38.35% of the company’s stock.

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.