Brokerages Set NewtekOne, Inc. (NASDAQ:NEWT) Target Price at $15.00

NewtekOne, Inc. (NASDAQ:NEWT) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.00.

A number of research analysts recently commented on the company. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Keefe, Bruyette & Woods lifted their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Raymond James Financial upgraded shares of NewtekOne to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th.

NewtekOne Trading Down 0.1%

Shares of NEWT stock opened at $14.30 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. NewtekOne has a 12-month low of $9.59 and a 12-month high of $15.34. The stock has a market capitalization of $413.13 million, a P/E ratio of 6.30 and a beta of 1.27. The firm’s 50 day moving average is $13.67 and its 200 day moving average is $12.90.

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

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 24th were issued a $0.19 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.3%. NewtekOne’s payout ratio is 33.48%.

Insider Activity at NewtekOne

In other news, CEO Barry Sloane purchased 11,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $14.21 per share, for a total transaction of $156,310.00. Following the acquisition, the chief executive officer owned 1,176,914 shares of the company’s stock, valued at approximately $16,723,947.94. This trade represents a 0.94% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders purchased 20,567 shares of company stock valued at $288,496. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NewtekOne

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of NewtekOne by 3.8% in the 4th quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 775 shares during the period. Kestra Advisory Services LLC boosted its position in NewtekOne by 6.8% during the first 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 in the last quarter. Cerity Partners LLC boosted its position in NewtekOne by 18.0% during the fourth 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 in the last quarter. Rhumbline Advisers grew its stake in NewtekOne by 6.1% in the second 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 raised its holdings in NewtekOne by 6.1% in the second quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after purchasing an additional 2,304 shares in the last quarter. Hedge funds and other 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.