Analysts Set NewtekOne, Inc. (NASDAQ:NEWT) PT at $15.00

NewtekOne, Inc. (NASDAQ:NEWT) has received a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.00.

NEWT has been the subject of several research analyst reports. Wall Street Zen cut NewtekOne from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Keefe, Bruyette & Woods boosted their target price on NewtekOne from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NewtekOne in a research note on Thursday, January 22nd. Finally, Piper Sandler lifted their price target on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 9th.

NewtekOne Trading Up 3.8%

Shares of NEWT opened at $12.92 on Monday. The stock has a market capitalization of $373.26 million, a P/E ratio of 5.90 and a beta of 1.25. NewtekOne has a twelve month low of $9.12 and a twelve month high of $14.91. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 5.69. The firm has a fifty day simple moving average of $12.95 and a two-hundred day simple moving average of $11.87.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $55.85 million during the quarter, compared to the consensus estimate of $80.01 million. NewtekOne had a net margin of 15.51% and a return on equity of 19.52%. On average, research analysts anticipate that NewtekOne will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 22nd were given a dividend of $0.19 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.76 annualized dividend and a dividend yield of 5.9%. NewtekOne’s payout ratio is currently 34.70%.

Insider Transactions at NewtekOne

In other news, insider Michael Adam Schwartz bought 2,247 shares of NewtekOne stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of $13.91 per share, for a total transaction of $31,255.77. Following the acquisition, the insider owned 49,713 shares of the company’s stock, valued at approximately $691,507.83. The trade was a 4.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Barry Sloane bought 3,595 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was purchased at an average cost of $13.91 per share, with a total value of $50,006.45. Following the transaction, the chief executive officer directly owned 1,194,180 shares in the company, valued at approximately $16,611,043.80. This represents a 0.30% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 10,845 shares of company stock valued at $145,511. 6.70% of the stock is owned by insiders.

Institutional Investors Weigh In On NewtekOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in NewtekOne in the third quarter worth $46,000. CWM LLC grew its position in shares of NewtekOne by 728.7% in the 2nd quarter. CWM LLC now owns 8,610 shares of the business services provider’s stock worth $97,000 after buying an additional 7,571 shares during the period. Quantbot Technologies LP bought a new position in shares of NewtekOne in the 2nd quarter worth about $107,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NewtekOne in the 3rd quarter worth about $150,000. Finally, Cerity Partners LLC lifted its position in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,095 shares during the period. 38.35% of the stock is owned by hedge funds and other institutional investors.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.