American Century Companies Inc. Purchases 60,518 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

American Century Companies Inc. lifted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 116.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,400 shares of the business services provider's stock after buying an additional 60,518 shares during the period. American Century Companies Inc. owned about 0.43% of NewtekOne worth $1,435,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of NewtekOne by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider's stock worth $7,149,000 after acquiring an additional 22,167 shares during the last quarter. State Street Corp lifted its stake in shares of NewtekOne by 1.0% in the 3rd quarter. State Street Corp now owns 474,419 shares of the business services provider's stock valued at $5,911,000 after acquiring an additional 4,595 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in NewtekOne by 68.3% during the 4th quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider's stock valued at $3,563,000 after acquiring an additional 113,261 shares during the period. Wellington Management Group LLP bought a new position in NewtekOne during the 3rd quarter worth approximately $1,902,000. Finally, Bard Associates Inc. increased its stake in NewtekOne by 6.1% in the 4th quarter. Bard Associates Inc. now owns 127,657 shares of the business services provider's stock worth $1,654,000 after purchasing an additional 7,303 shares during the period. Institutional investors own 38.35% of the company's stock.

Analyst Ratings Changes

NEWT has been the topic of several recent analyst reports. Compass Point raised their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. B. Riley increased their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, NewtekOne currently has an average rating of "Hold" and an average target price of $14.50.

NewtekOne Trading Up 1.4 %

Shares of NEWT traded up $0.15 during trading hours on Tuesday, reaching $10.26. 29,605 shares of the company traded hands, compared to its average volume of 175,463. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49. The company's fifty day moving average price is $12.02 and its two-hundred day moving average price is $12.89. The company has a market capitalization of $269.64 million, a price-to-earnings ratio of 5.71 and a beta of 1.23.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The firm had revenue of $75.37 million for the quarter, compared to analysts' expectations of $69.55 million. Equities research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne's payout ratio is 38.97%.

About NewtekOne

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.