NewtekOne (NASDAQ:NEWT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

NewtekOne, Inc. (NASDAQ:NEWT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.31 and traded as high as $11.56. NewtekOne shares last traded at $11.6950, with a volume of 131,452 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $13.00 target price (up previously from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of NewtekOne in a research note on Wednesday, October 8th. Finally, B. Riley assumed coverage on NewtekOne in a report on Monday, September 15th. They set a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.25.

NewtekOne Stock Performance

The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50-day moving average is $10.86 and its 200 day moving average is $11.32. The firm has a market cap of $331.66 million, a P/E ratio of 5.15 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Wednesday, October 29th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. NewtekOne had a return on equity of 19.93% and a net margin of 15.59%.The firm had revenue of $74.94 million for the quarter, compared to analyst estimates of $78.31 million. On average, research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 22nd will be given a $0.19 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.76 annualized dividend and a dividend yield of 6.6%. NewtekOne’s payout ratio is currently 34.08%.

Insider Buying and Selling

In related news, CEO Barry Sloane bought 10,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $10.22 per share, for a total transaction of $102,200.00. Following the acquisition, the chief executive officer owned 1,212,459 shares of the company’s stock, valued at approximately $12,391,330.98. This represents a 0.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have purchased 13,189 shares of company stock worth $137,736. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On NewtekOne

Several large investors have recently made changes to their positions in NEWT. Nuveen LLC bought a new stake in NewtekOne in the 1st quarter valued at $758,000. Russell Investments Group Ltd. raised its stake in shares of NewtekOne by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 48,432 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 6,053 shares during the period. AlphaQuest LLC lifted its holdings in shares of NewtekOne by 49.4% in the first quarter. AlphaQuest LLC now owns 20,117 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 6,652 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of NewtekOne by 217.1% in the first quarter. Jump Financial LLC now owns 33,114 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 22,672 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of NewtekOne by 27.5% during the first quarter. Trexquant Investment LP now owns 94,219 shares of the business services provider’s stock worth $1,127,000 after buying an additional 20,350 shares during the period. Institutional investors own 38.35% of the company’s stock.

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.