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

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.33.

A number of analysts have recently weighed in on NEWT shares. Zacks Research lowered shares of NewtekOne from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of NewtekOne from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 26th. Piper Sandler decreased their target price on shares of NewtekOne from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Wall Street Zen lowered shares of NewtekOne from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, B. Riley Financial lowered their price target on shares of NewtekOne from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, August 31st.

Hedge Funds Weigh In On NewtekOne

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its stake in shares of NewtekOne by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock worth $208,000 after buying an additional 1,209 shares during the last quarter. Corient Private Wealth LP grew its holdings in NewtekOne by 17.1% during the second quarter. Corient Private Wealth LP now owns 15,673 shares of the business services provider’s stock worth $233,000 after acquiring an additional 2,289 shares during the period. Ancora Advisors LLC purchased a new position in NewtekOne during the second quarter valued at approximately $46,000. Dumont & Blake Investment Advisors LLC purchased a new position in NewtekOne during the first quarter valued at approximately $118,000. Finally, Squarepoint Ops LLC raised its position in NewtekOne by 7.1% during the second quarter. Squarepoint Ops LLC now owns 173,340 shares of the business services provider’s stock valued at $2,567,000 after acquiring an additional 11,533 shares in the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Price Performance

Shares of NASDAQ:NEWT opened at $11.01 on Thursday. NewtekOne has a twelve month low of $9.59 and a twelve month high of $15.69. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 7.41. The company has a market cap of $318.08 million, a PE ratio of 5.83 and a beta of 1.30. The company’s 50 day moving average is $11.47 and its 200 day moving average is $12.80.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.11). NewtekOne had a net margin of 13.58% and a return on equity of 15.72%. The business had revenue of $71.78 million for the quarter, compared to analyst estimates of $77.10 million. On average, sell-side analysts forecast that NewtekOne will post 1.74 EPS for the current year.

NewtekOne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 24th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.9%. NewtekOne’s dividend payout ratio (DPR) is presently 40.21%.

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. The company operates primarily through Newtek Bank, National Association, a national bank that offers commercial lending, Small Business Administration (SBA) loans, business deposit accounts and treasury management services.

NewtekOne’s offerings are designed to address a range of business needs, including working capital, commercial real estate and equipment financing, payment processing, payroll, insurance and technology-related services.