Keefe, Bruyette & Woods Issues Pessimistic Forecast for NewtekOne (NASDAQ:NEWT) Stock Price

NewtekOne (NASDAQ:NEWT) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $15.00 to $13.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 25.24% from the stock’s previous close.

Separately, Compass Point raised their target price on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, March 20th.

NewtekOne Trading Up 1.6 %

Shares of NEWT stock opened at $10.38 on Thursday. NewtekOne has a 12-month low of $9.12 and a 12-month high of $15.49. The firm has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $12.56. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $272.90 million, a PE ratio of 5.80 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The firm had revenue of $66.33 million for the quarter, compared to analyst estimates of $63.15 million. As a group, analysts predict that NewtekOne will post 1.93 earnings per share for the current year.

Hedge Funds Weigh In On NewtekOne

Several large investors have recently bought and sold shares of NEWT. Tower Research Capital LLC TRC increased its stake in shares of NewtekOne by 199.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,703 shares during the period. Quantbot Technologies LP bought a new position in shares of NewtekOne during the fourth quarter valued at $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares during the period. Aquatic Capital Management LLC grew its stake in shares of NewtekOne by 66.2% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock worth $70,000 after purchasing an additional 2,184 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in NewtekOne in the first quarter valued at $126,000. 38.35% of the stock is currently owned by institutional investors.

NewtekOne Company 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.