JPMorgan Chase & Co. Buys 105,397 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

JPMorgan Chase & Co. lifted its position in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 308.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,517 shares of the business services provider's stock after acquiring an additional 105,397 shares during the quarter. JPMorgan Chase & Co. owned 0.53% of NewtekOne worth $1,782,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of NewtekOne by 253.5% during the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider's stock worth $32,000 after acquiring an additional 1,835 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NewtekOne during the 4th quarter valued at about $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock valued at $56,000 after acquiring an additional 2,500 shares during the period. SG Americas Securities LLC raised its stake 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 valued at $144,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of NewtekOne in the fourth quarter valued at $210,000. 38.35% of the stock is currently owned by institutional investors.

NewtekOne Price Performance

NEWT stock traded down $0.10 during midday trading on Tuesday, reaching $10.71. 282,404 shares of the stock were exchanged, compared to its average volume of 179,559. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne, Inc. has a 52 week low of $9.12 and a 52 week high of $15.49. The stock has a market capitalization of $281.45 million, a PE ratio of 5.97 and a beta of 1.23. The company has a fifty day moving average price of $11.54 and a 200 day moving average price of $12.75.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The company had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. As a group, analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is presently 38.97%.

Wall Street Analyst Weigh In

Separately, Compass Point boosted their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $14.50.

NewtekOne 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.