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

NewtekOne, Inc. (NASDAQ:NEWT)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.81 and traded as low as $10.40. NewtekOne shares last traded at $10.57, with a volume of 231,483 shares changing hands.

Wall Street Analyst Weigh In

NEWT has been the subject of several analyst reports. Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Keefe, Bruyette & Woods raised their price target on NewtekOne from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of NewtekOne in a research report on Thursday, January 22nd. Finally, Piper Sandler boosted their price target on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.33.

NewtekOne Trading Up 1.3%

The company has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $11.81. The stock has a market cap of $319.72 million, a P/E ratio of 5.06 and a beta of 1.22. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 6.41.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. NewtekOne had a return on equity of 18.83% and a net margin of 15.51%.The company had revenue of $120.83 million during the quarter, compared to the consensus estimate of $80.01 million. On average, research analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 24th. NewtekOne’s dividend payout ratio (DPR) is currently 34.70%.

Insider Activity at NewtekOne

In other NewtekOne news, insider Michael Adam Schwartz acquired 2,247 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was bought at an average cost of $13.91 per share, with a total value of $31,255.77. Following the completion of the purchase, the insider directly owned 49,713 shares in the company, valued at $691,507.83. The trade was a 4.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Sloane purchased 3,595 shares of the stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average cost of $13.91 per share, with a total value of $50,006.45. Following the transaction, the chief executive officer directly owned 1,194,180 shares in the company, valued at approximately $16,611,043.80. This trade represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 8,656 shares of company stock valued at $120,405 in the last ninety days. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in NewtekOne by 3.8% in the fourth quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock valued at $241,000 after buying an additional 775 shares during the last quarter. Cerity Partners LLC lifted its stake in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,095 shares during the period. Rhumbline Advisers lifted its stake in NewtekOne by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 2,108 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of NewtekOne by 13.7% in the 4th quarter. Kestra Advisory Services LLC now owns 17,742 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 2,136 shares during the last quarter. Finally, Man Group plc increased its stake in shares of NewtekOne by 6.1% in the second quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after acquiring an additional 2,304 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.