NewtekOne, Inc. (NASDAQ:NEWT) Receives Average Rating of “Hold” from Analysts

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

NEWT has been the topic of a number of analyst reports. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Keefe, Bruyette & Woods increased their price target on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Raymond James Financial raised shares of NewtekOne to a “hold” rating in a research report on Wednesday.

NewtekOne Stock Performance

NewtekOne stock opened at $14.57 on Friday. The company has a market cap of $420.94 million, a PE ratio of 6.42 and a beta of 1.27. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. NewtekOne has a 1 year low of $9.59 and a 1 year high of $15.34. The company’s 50-day moving average is $13.57 and its two-hundred day moving average is $12.85.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share (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 analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Equities analysts anticipate that NewtekOne will post 2.36 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 5.2%. NewtekOne’s payout ratio is currently 33.48%.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 11,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $14.21 per share, with a total value of $156,310.00. Following the completion of the purchase, the chief executive officer owned 1,176,914 shares in the company, valued at approximately $16,723,947.94. The trade was a 0.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 20,567 shares of company stock valued at $288,496 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NewtekOne

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC increased 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 in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of NewtekOne by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock worth $208,000 after acquiring an additional 1,209 shares during the period. Cerity Partners LLC lifted its position in NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,095 shares in the last quarter. Rhumbline Advisers lifted its position in NewtekOne by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 2,108 shares in the last quarter. Finally, Man Group plc boosted its stake in NewtekOne by 6.1% in 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 period. Institutional investors and hedge funds 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.