NewtekOne (NEWT) Projected to Post Earnings on Wednesday

NewtekOne (NASDAQ:NEWT - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect NewtekOne to post earnings of $0.65 per share and revenue of $68.35 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

NewtekOne Stock Down 1.7 %

Shares of NASDAQ NEWT traded down $0.22 during midday trading on Friday, hitting $12.63. The company's stock had a trading volume of 323,480 shares, compared to its average volume of 141,537. The business's fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $12.96. 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 has a 1 year low of $10.07 and a 1 year high of $15.49. The firm has a market capitalization of $332.30 million, a price-to-earnings ratio of 7.06 and a beta of 1.31.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Tuesday, December 31st. NewtekOne's payout ratio is 42.46%.

Insider Buying and Selling

In other news, CEO Barry Sloane purchased 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $14.75 per share, for a total transaction of $44,250.00. Following the completion of the purchase, the chief executive officer now directly owns 1,161,855 shares of the company's stock, valued at $17,137,361.25. The trade was a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought 7,750 shares of company stock worth $105,618 over the last 90 days. 6.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NEWT has been the subject of several recent research reports. 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 note 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 note on Thursday, December 19th. Finally, 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 research note on Friday, November 8th.

About NewtekOne

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.