1620 Investment Advisors Inc. purchased a new stake in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,846 shares of the business services provider's stock, valued at approximately $432,000. 1620 Investment Advisors Inc. owned about 0.13% of NewtekOne at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. FMR LLC increased its stake in NewtekOne by 253.5% in the 3rd 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. Nisa Investment Advisors LLC boosted its holdings in shares of NewtekOne by 137.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock worth $56,000 after buying an additional 2,500 shares during the period. SG Americas Securities LLC increased its position in shares of NewtekOne by 39.0% in the fourth quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider's stock worth $144,000 after acquiring an additional 3,166 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of NewtekOne by 28.7% in the third quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider's stock worth $173,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of NewtekOne during the third quarter valued at approximately $197,000. Institutional investors own 38.35% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NEWT shares. B. Riley lifted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Compass Point lifted their price target on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.50.
View Our Latest Research Report on NewtekOne
NewtekOne Stock Down 0.7 %
NEWT stock traded down $0.09 during midday trading on Tuesday, reaching $12.43. The company had a trading volume of 172,006 shares, compared to its average volume of 162,740. The company has a 50 day moving average of $12.71 and a two-hundred day moving average of $12.97. The company has a market capitalization of $326.80 million, a P/E ratio of 6.94 and a beta of 1.33. NewtekOne, Inc. has a 1 year low of $10.63 and a 1 year high of $15.49. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98.
NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $75.37 million during the quarter, compared to analyst estimates of $69.55 million. On average, equities research analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.
About NewtekOne
(
Free Report)
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.
Further Reading
Before you consider NewtekOne, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NewtekOne wasn't on the list.
While NewtekOne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
