NewtekOne, Inc. (NASDAQ:NEWT) Given Consensus Rating of “Hold” by Brokerages

NewtekOne, Inc. (NASDAQ:NEWT) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.00.

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

Insider Activity

In related news, CEO Barry Sloane bought 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $14.20 per share, with a total value of $71,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,181,914 shares of the company’s stock, valued at approximately $16,783,178.80. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 20,567 shares of company stock valued at $288,496 in the last quarter. 5.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On NewtekOne

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in NewtekOne during the 3rd quarter worth approximately $46,000. Quantbot Technologies LP purchased a new position in shares of NewtekOne in the second quarter valued at approximately $107,000. Dumont & Blake Investment Advisors LLC purchased a new position in shares of NewtekOne in the first quarter valued at approximately $118,000. 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 last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of NewtekOne in the third quarter worth approximately $191,000. 38.35% of the stock is currently owned by institutional investors and hedge funds.

NewtekOne Trading Up 2.4%

Shares of NewtekOne stock opened at $14.40 on Friday. The firm has a 50-day simple moving average of $13.72 and a two-hundred day simple moving average of $12.93. The company has a market cap of $416.02 million, a P/E ratio of 6.34 and a beta of 1.27. NewtekOne has a fifty-two week low of $9.59 and a fifty-two week high of $15.34. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.

NewtekOne (NASDAQ:NEWT) last posted its earnings results 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 firm had revenue of $88.18 million for the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, equities analysts predict that NewtekOne will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is presently 33.48%.

NewtekOne Company Profile

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.