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

NewtekOne, Inc. (NASDAQ:NEWT) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.00.

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

Insider Buying and Selling at NewtekOne

In related news, CEO Barry Sloane bought 11,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $14.21 per share, for a total transaction of $156,310.00. Following the purchase, the chief executive officer directly owned 1,176,914 shares in the company, valued at $16,723,947.94. This trade represents a 0.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 20,567 shares of company stock valued at $288,496 in the last three months. 5.90% of the stock is currently owned by insiders.

Institutional Trading of NewtekOne

Several institutional investors and hedge funds have recently made changes to their positions in NEWT. Advisory Services Network LLC purchased a new position in NewtekOne in the third quarter worth $46,000. Quantbot Technologies LP purchased a new stake in NewtekOne during the second quarter valued at about $107,000. Dumont & Blake Investment Advisors LLC purchased a new stake in NewtekOne during the first quarter valued at about $118,000. Cerity Partners LLC lifted its stake in NewtekOne by 18.0% during the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in NewtekOne during the third quarter worth about $191,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Trading Up 1.4%

NASDAQ NEWT opened at $14.83 on Tuesday. The business’s fifty day moving average is $14.23 and its 200-day moving average is $13.26. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $428.44 million, a price-to-earnings ratio of 6.53 and a beta of 1.27. NewtekOne has a one year low of $9.59 and a one year high of $15.69.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The company had revenue of $88.18 million during the quarter, compared to analyst estimates of $75.77 million. Equities research analysts predict that NewtekOne will post 2.36 EPS for the current year.

NewtekOne Dividend Announcement

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