NewtekOne (NASDAQ:NEWT) Stock Passes Above 200 Day Moving Average – Here’s What Happened

NewtekOne, Inc. (NASDAQ:NEWT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.10 and traded as high as $13.00. NewtekOne shares last traded at $12.93, with a volume of 126,167 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on NEWT. Weiss Ratings reissued a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Piper Sandler boosted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

NewtekOne Trading Up 3.1%

The business has a 50-day moving average price of $12.26 and a two-hundred day moving average price of $12.14. The stock has a market capitalization of $382.67 million, a P/E ratio of 5.84 and a beta of 1.28.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The company had revenue of $88.18 million during the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, sell-side analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, March 24th. NewtekOne’s dividend payout ratio is currently 33.48%.

Institutional Trading of NewtekOne

Several institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its position in shares of NewtekOne by 3.8% during the 4th quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock worth $241,000 after buying an additional 775 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 1,209 shares during the last quarter. Cerity Partners LLC lifted its stake in NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares during the last quarter. Rhumbline Advisers lifted its stake in NewtekOne by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 2,108 shares during the last quarter. Finally, Man Group plc lifted its stake in NewtekOne by 6.1% in the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 2,304 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

About NewtekOne

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.