NewtekOne, Inc. (NASDAQ:NEWT) Position Lessened by Trexquant Investment LP

Trexquant Investment LP lowered its stake in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,869 shares of the business services provider's stock after selling 38,146 shares during the quarter. Trexquant Investment LP owned about 0.28% of NewtekOne worth $943,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC increased its stake in NewtekOne by 285.2% during the 3rd quarter. Barclays PLC now owns 30,201 shares of the business services provider's stock worth $376,000 after buying an additional 22,360 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NewtekOne by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,120 shares of the business services provider's stock valued at $425,000 after buying an additional 16,596 shares during the last quarter. Bailard Inc. acquired a new stake in NewtekOne in the fourth quarter valued at $257,000. 1620 Investment Advisors Inc. bought a new position in NewtekOne during the 4th quarter valued at $432,000. Finally, American Century Companies Inc. increased its position in shares of NewtekOne by 116.6% in the 4th quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock worth $1,435,000 after purchasing an additional 60,518 shares during the last quarter. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NEWT. Compass Point raised their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. B. Riley upped their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.50.

NewtekOne Price Performance

NASDAQ:NEWT traded down $0.00 during midday trading on Wednesday, hitting $10.17. 36,453 shares of the stock were exchanged, compared to its average volume of 175,689. The business has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $12.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $267.27 million, a price-to-earnings ratio of 5.65 and a beta of 1.23. NewtekOne, Inc. has a one year low of $9.12 and a one year high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $75.37 million for 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%. Sell-side analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Tuesday, April 15th. NewtekOne's dividend payout ratio is 38.97%.

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.