Vanguard Group Inc. Sells 38,305 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Vanguard Group Inc. lowered its position in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,383,321 shares of the business services provider's stock after selling 38,305 shares during the period. Vanguard Group Inc. owned about 5.26% of NewtekOne worth $17,665,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NEWT. Wellington Management Group LLP purchased a new stake in NewtekOne in the 3rd quarter valued at about $1,902,000. Bank of New York Mellon Corp increased its position in shares of NewtekOne by 68.3% during the fourth quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider's stock valued at $3,563,000 after acquiring an additional 113,261 shares during the last quarter. Raymond James Financial Inc. bought a new stake in NewtekOne during the fourth quarter worth $1,125,000. American Century Companies Inc. boosted its position in NewtekOne by 116.6% in the fourth 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. Finally, 1620 Investment Advisors Inc. bought a new position in NewtekOne in the 4th quarter valued at $432,000. 38.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Compass Point boosted their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.50.

NewtekOne Stock Performance

NASDAQ NEWT traded up $0.38 on Tuesday, hitting $10.42. 161,878 shares of the stock traded hands, compared to its average volume of 177,632. 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 business's fifty day moving average is $11.71 and its two-hundred day moving average is $12.80. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49. The firm has a market capitalization of $273.95 million, a price-to-earnings ratio of 5.82 and a beta of 1.23.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The company had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. As a group, equities analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is currently 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.