NewtekOne (NASDAQ:NEWT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

NewtekOne, Inc. (NASDAQ:NEWT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.95 and traded as high as $14.82. NewtekOne shares last traded at $14.78, with a volume of 143,942 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NEWT shares. Keefe, Bruyette & Woods increased 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. Weiss Ratings cut shares of NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Raymond James Financial upgraded shares of NewtekOne to a “hold” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

NewtekOne Price Performance

The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $426.99 million, a price-to-earnings ratio of 6.51 and a beta of 1.27. The stock has a 50-day moving average price of $13.76 and a 200 day moving average price of $12.95.

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 analysts’ consensus estimates of $0.43. The firm had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, equities research analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 24th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, June 24th. NewtekOne’s dividend payout ratio is presently 33.48%.

Insider Activity

In other NewtekOne news, CEO Barry Sloane bought 11,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $14.21 per share, with a total value of $156,310.00. Following the acquisition, the chief executive officer directly owned 1,176,914 shares of the company’s stock, valued at $16,723,947.94. The trade was a 0.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 20,567 shares of company stock worth $288,496 in the last 90 days. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEWT. North Reef Capital Management LP acquired a new position in shares of NewtekOne in the third quarter valued at approximately $4,430,000. GSA Capital Partners LLP acquired a new stake in shares of NewtekOne during the fourth quarter worth $1,126,000. Huber Capital Management LLC acquired a new stake in shares of NewtekOne during the fourth quarter worth $978,000. Jefferies Financial Group Inc. acquired a new position in NewtekOne in the 4th quarter valued at $397,000. Finally, Bank of America Corp DE raised its position in NewtekOne by 26.6% during the 1st quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider’s stock worth $717,000 after buying an additional 13,761 shares during the last quarter. 38.35% of the stock is owned by hedge funds and other institutional investors.

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.