Barclays PLC Increases Stake in NewtekOne, Inc. (NASDAQ:NEWT)

Barclays PLC increased its holdings in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 285.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,201 shares of the business services provider's stock after acquiring an additional 22,360 shares during the quarter. Barclays PLC owned about 0.11% of NewtekOne worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in NewtekOne by 4.0% in the third quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider's stock worth $7,149,000 after purchasing an additional 22,167 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of NewtekOne in the 3rd quarter worth approximately $367,000. Wellington Management Group LLP purchased a new stake in shares of NewtekOne in the 3rd quarter worth approximately $1,902,000. State Street Corp increased its position in NewtekOne by 1.0% during the 3rd quarter. State Street Corp now owns 474,419 shares of the business services provider's stock valued at $5,911,000 after buying an additional 4,595 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in NewtekOne during the third quarter valued at $197,000. 38.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NEWT shares. B. Riley raised their price target on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $15.00 price objective (up from $13.00) on shares of NewtekOne in a research note on Friday, November 8th. Finally, Piper Sandler upped 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.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane acquired 3,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $12.95 per share, with a total value of $38,850.00. Following the completion of the acquisition, the chief executive officer now owns 1,164,855 shares in the company, valued at $15,084,872.25. This represents a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 8,750 shares of company stock worth $119,568 in the last ninety days. Insiders own 6.50% of the company's stock.

NewtekOne Stock Performance

NASDAQ NEWT traded up $0.13 during trading hours on Friday, hitting $13.02. The company's stock had a trading volume of 100,034 shares, compared to its average volume of 139,351. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.49. The company's 50 day simple moving average is $13.55 and its two-hundred day simple moving average is $13.09. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $342.56 million, a P/E ratio of 7.27 and a beta of 1.32.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The firm had revenue of $83.12 million during the quarter, compared to analyst estimates of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, sell-side analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.84%. NewtekOne's payout ratio is 42.46%.

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.