Shares of NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.09 and traded as high as $14.09. NewtekOne shares last traded at $13.59, with a volume of 177,021 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NEWT. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $15.00 price objective (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. B. Riley downgraded NewtekOne from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th. Finally, Piper Sandler lifted their target price on shares of NewtekOne from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th.
Get Our Latest Report on NewtekOne
NewtekOne Trading Down 2.9 %
The company has a market cap of $346.96 million, a PE ratio of 7.46 and a beta of 1.30. The company has a 50-day moving average of $13.82 and a 200 day moving average of $13.10. 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 (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The company had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. During the same quarter last year, the company earned $0.38 earnings per share. Analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.
NewtekOne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Tuesday, December 31st. NewtekOne's payout ratio is currently 42.46%.
Insider Activity at NewtekOne
In other news, CEO Barry Sloane acquired 40,134 shares of the company's stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $11.75 per share, with a total value of $471,574.50. Following the purchase, the chief executive officer now owns 1,187,457 shares of the company's stock, valued at $13,952,619.75. This represents a 3.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 45,634 shares of company stock worth $547,020 in the last three months. 6.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On NewtekOne
A number of hedge funds and other institutional investors have recently made changes to their positions in NEWT. Geode Capital Management LLC boosted 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. State Street Corp lifted its holdings in NewtekOne by 1.0% in the third quarter. State Street Corp now owns 474,419 shares of the business services provider's stock worth $5,911,000 after purchasing an additional 4,595 shares during the period. Marshall Wace LLP boosted its stake in NewtekOne by 200.3% during the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider's stock valued at $3,401,000 after purchasing an additional 180,468 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of NewtekOne by 27.2% in the 2nd quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider's stock worth $2,397,000 after purchasing an additional 40,738 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in NewtekOne by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,053 shares of the business services provider's stock worth $2,314,000 after purchasing an additional 6,640 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company's stock.
About NewtekOne
(
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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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