NewtekOne, Inc. (NEWT) – What Are Analysts Thinking About This Stock?

NewtekOne, Inc. (NASDAQ:NEWT) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.33.

A number of brokerages recently commented on NEWT. Weiss Ratings downgraded shares of NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen downgraded shares of NewtekOne from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. B. Riley Financial decreased their target price on shares of NewtekOne from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, August 31st. Raymond James Financial raised shares of NewtekOne to a “hold” rating in a research note on Wednesday, July 1st. Finally, Zacks Research cut shares of NewtekOne from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th.

NewtekOne Price Performance

Shares of NASDAQ:NEWT opened at $10.94 on Friday. The company’s fifty day moving average is $11.92 and its two-hundred day moving average is $13.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 7.41. NewtekOne has a 12-month low of $9.59 and a 12-month high of $15.69. The company has a market cap of $316.06 million, a P/E ratio of 4.77 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Thursday, August 6th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. NewtekOne had a return on equity of 17.97% and a net margin of 15.57%. The company had revenue of $90.05 million during the quarter, compared to analyst estimates of $75.00 million. Equities analysts expect that NewtekOne will post 1.75 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 24th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, September 24th. NewtekOne’s dividend payout ratio (DPR) is currently 34.23%.

Institutional Trading of NewtekOne

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in NewtekOne in the 2nd quarter worth about $46,000. Dumont & Blake Investment Advisors LLC purchased a new stake in shares of NewtekOne during the 1st quarter worth about $118,000. Sequoia Financial Advisors LLC purchased a new stake in shares of NewtekOne during the 2nd quarter worth about $193,000. Corient Private Wealth LP lifted its holdings in shares of NewtekOne by 17.1% during the 2nd quarter. Corient Private Wealth LP now owns 15,673 shares of the business services provider’s stock valued at $233,000 after buying an additional 2,289 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of NewtekOne by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after buying an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

About NewtekOne

NewtekOne, Inc is a financial holding company that provides banking and business services to small and medium-sized businesses throughout the United States. Through its banking operations and specialized subsidiaries, the company offers commercial lending, deposit products, payment processing, payroll services, insurance solutions, and technology services.

The company’s lending activities include Small Business Administration (SBA) loans and other financing products designed to support business expansion, working capital needs, equipment purchases, and acquisitions.