NewtekOne, Inc. (NASDAQ:NEWT) Receives $15.00 Consensus Target Price from Brokerages

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.00.

A number of research firms have issued reports on NEWT. Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Raymond James Financial upgraded shares of NewtekOne to a “hold” rating in a research note on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods lifted their price target on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st.

Insiders Place Their Bets

In other NewtekOne news, CEO Barry Sloane bought 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $14.20 per share, with a total value of $71,000.00. Following the purchase, the chief executive officer directly owned 1,181,914 shares of the company’s stock, valued at approximately $16,783,178.80. The trade was a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 20,567 shares of company stock worth $288,496. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEWT. Advisory Services Network LLC acquired a new stake in NewtekOne in the third quarter worth about $46,000. Quantbot Technologies LP bought a new stake in shares of NewtekOne during the 2nd quarter worth about $107,000. Dumont & Blake Investment Advisors LLC bought a new stake in shares of NewtekOne during the 1st quarter worth about $118,000. Cerity Partners LLC raised its position in shares of NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after buying an additional 2,095 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of NewtekOne in the 3rd quarter worth approximately $191,000. 38.35% of the stock is owned by institutional investors and hedge funds.

NewtekOne Stock Up 0.6%

NewtekOne stock opened at $14.92 on Tuesday. 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 has a one year low of $9.59 and a one year high of $15.69. The company has a 50-day simple moving average of $14.27 and a 200-day simple moving average of $13.27. The firm has a market capitalization of $431.04 million, a P/E ratio of 6.57 and a beta of 1.27.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.1%. The ex-dividend date was Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is currently 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.