NewtekOne (NASDAQ:NEWT) Issues Quarterly Earnings Results

NewtekOne (NASDAQ:NEWT - Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03, Zacks reports. The business had revenue of $75.37 million during the quarter, compared to analysts' expectations of $69.55 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. NewtekOne updated its FY 2025 guidance to 2.100-2.500 EPS.

NewtekOne Stock Performance

Shares of NASDAQ:NEWT traded down $0.03 during trading on Friday, reaching $12.99. The stock had a trading volume of 233,589 shares, compared to its average volume of 160,130. NewtekOne has a 52 week low of $10.07 and a 52 week high of $15.49. The firm has a market capitalization of $341.70 million, a price-to-earnings ratio of 7.26 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The stock has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $12.98.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Tuesday, December 31st. NewtekOne's dividend payout ratio is 38.97%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NEWT shares. Piper Sandler raised their price objective on shares of NewtekOne from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. B. Riley raised their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $15.00 price objective (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th.

Insider Activity

In other news, CEO Barry Sloane purchased 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. This trade represents a 0.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 4,750 shares of company stock valued at $61,368 over the last 90 days. 6.50% of the stock is currently owned by company insiders.

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.