NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.96 and traded as high as $13.14. NewtekOne shares last traded at $12.88, with a volume of 202,393 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on NEWT shares. Piper Sandler increased their price objective 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. B. Riley boosted their price target on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th.
Get Our Latest Research Report on NewtekOne
NewtekOne Price Performance
The company's 50-day simple moving average is $12.91 and its 200-day simple moving average is $12.96. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $332.30 million, a PE ratio of 7.06 and a beta of 1.31.
NewtekOne Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 6.02%. NewtekOne's dividend payout ratio is currently 42.46%.
Insider Transactions at NewtekOne
In related news, CEO Barry Sloane purchased 3,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of $14.75 per share, for a total transaction of $44,250.00. Following the acquisition, the chief executive officer now directly owns 1,161,855 shares of the company's stock, valued at $17,137,361.25. This trade represents a 0.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 7,750 shares of company stock worth $105,618 over the last ninety days. 6.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On NewtekOne
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NewtekOne by 8.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after purchasing an additional 1,081 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in NewtekOne by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock worth $33,000 after acquiring an additional 1,703 shares during the period. FMR LLC raised its holdings in NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider's stock valued at $32,000 after acquiring an additional 1,835 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider's stock worth $94,000 after purchasing an additional 2,002 shares during the period. Finally, Aquatic Capital Management LLC boosted its holdings in shares of NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after purchasing an additional 2,184 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company's stock.
NewtekOne Company Profile
(
Get Free Report)
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.
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