NewtekOne (NASDAQ:NEWT) Cut to Sell at StockNews.com

StockNews.com cut shares of NewtekOne (NASDAQ:NEWT) from a hold rating to a sell rating in a report published on Friday.

A number of other research analysts have also weighed in on NEWT. Keefe, Bruyette & Woods decreased their price target on shares of NewtekOne from $16.00 to $13.00 and set a market perform rating on the stock in a research note on Wednesday, March 20th. Piper Sandler decreased their target price on shares of NewtekOne from $13.00 to $11.00 and set a neutral rating on the stock in a research note on Monday, March 18th. Finally, B. Riley reissued a buy rating and issued a $18.00 target price (down from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, NewtekOne presently has an average rating of Hold and a consensus target price of $14.50.

NewtekOne Trading Up 1.1 %

Shares of NewtekOne stock opened at $11.00 on Friday. The firm has a market capitalization of $282.04 million, a PE ratio of 6.79 and a beta of 1.25. NewtekOne has a twelve month low of $10.07 and a twelve month high of $19.36. The firm’s 50-day moving average price is $11.22 and its 200 day moving average price is $12.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.83.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The company had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $62.99 million. NewtekOne had a net margin of 15.19% and a return on equity of 20.04%. During the same period in the prior year, the business posted $0.06 earnings per share. On average, sell-side analysts predict that NewtekOne will post 1.83 EPS for the current fiscal year.

NewtekOne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.91%. This is a positive change from NewtekOne’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 28th. NewtekOne’s dividend payout ratio (DPR) is 46.91%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. purchased a new stake in shares of NewtekOne during the 4th quarter valued at approximately $89,000. SG Americas Securities LLC purchased a new stake in shares of NewtekOne during the 3rd quarter valued at approximately $147,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of NewtekOne during the 4th quarter valued at approximately $138,000. Jump Financial LLC purchased a new stake in shares of NewtekOne during the 4th quarter valued at approximately $155,000. Finally, Kinloch Capital LLC purchased a new stake in shares of NewtekOne during the 3rd quarter valued at approximately $196,000. 38.35% of the stock is owned by hedge funds and other institutional investors.

About NewtekOne

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.