NewtekOne, Inc. (NASDAQ:NEWT) Stock Rated “Hold” by Wall Street Brokerages

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.33.

A number of research firms recently commented on NEWT. Wall Street Zen downgraded NewtekOne from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Piper Sandler increased their price objective on shares of NewtekOne from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. B. Riley Financial decreased their target price 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. Raymond James Financial raised shares of NewtekOne to a “hold” rating in a report on Wednesday, July 1st. Finally, Zacks Research cut shares of NewtekOne from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. 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 purchasing an additional 11,533 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of NewtekOne in the 2nd quarter valued at $2,264,000. Huber Capital Management LLC acquired a new stake in shares of NewtekOne in the 4th quarter valued at $978,000. Quantinno Capital Management LP increased its stake in shares of NewtekOne by 98.6% in the 1st quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider’s stock valued at $882,000 after purchasing an additional 39,990 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of NewtekOne by 26.6% in the 1st quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider’s stock valued at $717,000 after purchasing an additional 13,761 shares during the last quarter. 38.35% of the stock is owned by institutional investors.

NewtekOne Price Performance

Shares of NASDAQ NEWT opened at $11.01 on Friday. The stock has a market capitalization of $318.08 million, a PE ratio of 4.96 and a beta of 1.30. The company has a debt-to-equity ratio of 7.41, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $11.87 and a two-hundred day moving average price of $12.99. NewtekOne has a fifty-two week low of $9.59 and a fifty-two week high of $15.69.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Thursday, August 6th. The business services provider reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $90.05 million during the quarter, compared to the consensus estimate of $75.00 million. NewtekOne had a return on equity of 17.97% and a net margin of 15.57%. As a group, equities analysts predict that NewtekOne will post 1.75 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 24th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.76 annualized dividend and a dividend yield of 6.9%. NewtekOne’s dividend payout ratio (DPR) is currently 34.23%.

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. Through its banking operations and specialized subsidiaries, the company offers commercial lending, deposit products, payment processing, payroll services, insurance solutions, and technology services.

The company’s lending activities include Small Business Administration (SBA) loans and other financing products designed to support business expansion, working capital needs, equipment purchases, and acquisitions.