NewtekOne (NEWT) Stock Price, News & Analysis

Company Overview

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. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based Point of Sale systems for a various restaurant, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners. Further, the company provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients as well as SMBs. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

Key Stats

• Today's Range: $14.04 to $14.56
• 50-Day Range: $11.24 to $15.46
• 52-Week Range: $10.07 to $15.49
• Volume: 119,260 shs
• Average Volume: 163,140 shs
• Market Capitalization: $382.28 million
• P/E Ratio: 8.12
• Dividend Yield: 5.23%
• Price Target: $14.33
• Consensus Rating: Hold

NewtekOne Stock Analysis - MarketRank™

NewtekOne scored higher than 64% of companies evaluated by MarketBeat, and ranked 476th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

NewtekOne has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

NewtekOne has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.84%

Earnings Growth

Earnings for NewtekOne are expected to grow by 9.84% in the coming year, from $1.93 to $2.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NewtekOne is 8.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of NewtekOne is 8.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 37.32.

Price to Book Value per Share Ratio

NewtekOne has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.26% of the outstanding shares of NewtekOne have been sold short.

Short Interest Ratio / Days to Cover

NewtekOne has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in NewtekOne has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

NewtekOne is a leading dividend payer. It pays a dividend yield of 5.40%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

NewtekOne does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of NewtekOne is 42.46%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, NewtekOne will have a dividend payout ratio of 35.85% next year. This indicates that NewtekOne will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.26% of the outstanding shares of NewtekOne have been sold short.

Short Interest Ratio / Days to Cover

NewtekOne has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in NewtekOne has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.98

News Sentiment

NewtekOne has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for NewtekOne this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for NEWT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

5 people have added NewtekOne to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, NewtekOne insiders have bought more of their company's stock than they have sold. Specifically, they have bought $502,770.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 6.50% of the stock of NewtekOne is held by insiders.

Percentage Held by Institutions

Only 38.35% of the stock of NewtekOne is held by institutions.

NEWT Stock Analysis - Frequently Asked Questions

How have NEWT shares performed this year?

NewtekOne's stock was trading at $13.80 at the beginning of the year. Since then, NEWT shares have increased by 5.3% and is now trading at $14.53.
View the best growth stocks for 2024 here.

How were NewtekOne's earnings last quarter?

NewtekOne, Inc. (NASDAQ:NEWT) issued its earnings results on Wednesday, November, 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The business services provider earned $83.12 million during the quarter, compared to analysts' expectations of $61.76 million. NewtekOne had a trailing twelve-month return on equity of 18.73% and a net margin of 14.92%.

Who are NewtekOne's major shareholders?

NewtekOne's top institutional shareholders include Royce & Associates LP (2.89%), Geode Capital Management LLC (2.18%), State Street Corp (1.80%) and Wellington Management Group LLP (0.58%). Insiders that own company stock include Barry Sloane, Peter Mathison Downs, Salvatore Francis Mulia, Richard J Salute, Gregory L Zink, Nicolas Young, Michael Scott Price and Nicholas J Leger.
View institutional ownership trends.

How do I buy shares of NewtekOne?

Shares of NEWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NewtekOne own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NewtekOne investors own include Voyager Therapeutics (VYGR), American Water Works (AWK), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 10/21 Dividend: 10/10/2024
• Dividend Payable: 10/21/2024
• Last Earnings: 11/06/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:NEWT
• CUSIP: N/A
• CIK: 1587987
• Web: www.newtekone.com
• Phone: (212) 356-9500
• Fax: N/A
• Employees: 567
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.33
• High Stock Price Target: $15.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -1.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.79
• Trailing P/E Ratio: 8.12
• Forward P/E Ratio: 7.53
• P/E Growth: N/A
• Net Income: $47.33 million
• Net Margins: 14.92%
• Pretax Margin: 19.43%
• Return on Equity: 18.73%
• Return on Assets: 2.95%

Debt

• Debt-to-Equity Ratio: 4.98
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $271.46 million
• Price / Sales: 1.41
• Cash Flow: $1.37 per share
• Price / Cash Flow: 10.60
• Book Value: $9.96 per share
• Price / Book: 1.46

Miscellaneous

• Outstanding Shares: 26,310,000
• Free Float: 24,595,000
• Market Cap: $382.28 million
• Optionable: Optionable
• Beta: 1.29