NewtekOne, Inc. (NASDAQ:NEWT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of NewtekOne, Inc. (NASDAQ:NEWT) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.00.

NEWT has been the topic of a number of recent research reports. Raymond James Financial raised NewtekOne to a “hold” rating in a report on Wednesday. Weiss Ratings downgraded NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Keefe, Bruyette & Woods boosted their price target on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th.

NewtekOne Trading Down 3.3%

Shares of NASDAQ:NEWT opened at $14.57 on Friday. NewtekOne has a 1 year low of $9.59 and a 1 year high of $15.34. The firm has a fifty day moving average price of $13.57 and a 200 day moving average price of $12.85. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The stock has a market capitalization of $420.94 million, a PE ratio of 6.42 and a beta of 1.27.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $88.18 million during the quarter, compared to analyst estimates of $75.77 million. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Analysts expect that NewtekOne will post 2.36 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.2%. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Insider Transactions at NewtekOne

In other news, CEO Barry Sloane purchased 11,000 shares of NewtekOne stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $14.21 per share, for a total transaction of $156,310.00. Following the completion of the transaction, the chief executive officer directly owned 1,176,914 shares in the company, valued at approximately $16,723,947.94. This represents a 0.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 20,567 shares of company stock worth $288,496. Company insiders own 5.90% of the company’s stock.

Institutional Trading of NewtekOne

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new position in NewtekOne during the 3rd quarter worth about $46,000. Quantbot Technologies LP bought a new position in shares of NewtekOne in the second quarter worth about $107,000. Dumont & Blake Investment Advisors LLC acquired a new position in shares of NewtekOne during the first quarter worth approximately $118,000. Cerity Partners LLC grew its stake in shares of NewtekOne by 18.0% during the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in NewtekOne in the 3rd quarter worth approximately $191,000. 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.