NewtekOne (NASDAQ:NEWT) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of NewtekOne, Inc. (NASDAQ:NEWT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.28 and traded as high as $14.05. NewtekOne shares last traded at $13.88, with a volume of 136,155 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NEWT shares. Keefe, Bruyette & Woods boosted their price target on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Piper Sandler boosted their price target on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

NewtekOne Price Performance

The company has a market cap of $400.58 million, a PE ratio of 6.11 and a beta of 1.27. The business has a 50-day moving average of $12.51 and a 200 day moving average of $12.28.

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

NewtekOne Announces Dividend

The business also recently announced 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. The ex-dividend date was Tuesday, March 24th. This represents a $0.76 annualized dividend and a yield of 5.5%. NewtekOne’s payout ratio is 33.48%.

Institutional Trading of NewtekOne

Several hedge funds have recently bought and sold shares of NEWT. Advisory Services Network LLC bought a new stake in NewtekOne during the third quarter valued at about $46,000. Quantbot Technologies LP bought a new position in shares of NewtekOne in the second quarter worth about $107,000. Dumont & Blake Investment Advisors LLC bought a new position in shares of NewtekOne in the first quarter worth about $118,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NewtekOne in the third quarter worth about $150,000. Finally, Cerity Partners LLC boosted its stake in shares of NewtekOne by 18.0% in the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after acquiring an additional 2,095 shares during the period. Institutional investors own 38.35% of the company’s stock.

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.