NewtekOne (NASDAQ:NEWT) Shares Pass Above 200 Day Moving Average – Should You Sell?

NewtekOne, Inc. (NASDAQ:NEWT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.95 and traded as high as $14.82. NewtekOne shares last traded at $14.78, with a volume of 143,942 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEWT shares. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Keefe, Bruyette & Woods lifted their target price on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Raymond James Financial raised NewtekOne to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut NewtekOne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

NewtekOne Trading Up 2.6%

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 company has a market cap of $426.99 million, a PE ratio of 6.51 and a beta of 1.27. The stock has a 50 day moving average price of $13.76 and a 200 day moving average price of $12.95.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $88.18 million for the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Sell-side analysts predict that NewtekOne, Inc. will post 2.38 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, June 24th. NewtekOne’s dividend payout ratio is 33.48%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 11,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $14.21 per share, with a total value of $156,310.00. Following the completion of the purchase, the chief executive officer owned 1,176,914 shares of the company’s stock, valued at approximately $16,723,947.94. This trade represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 20,567 shares of company stock worth $288,496 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEWT. Patriot Financial Partners GP II L.P. bought a new position in NewtekOne in the third quarter worth approximately $26,423,000. Vanguard Group Inc. grew its position in shares of NewtekOne by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock valued at $16,706,000 after acquiring an additional 26,966 shares during the period. Marshall Wace LLP lifted its position in NewtekOne by 42.9% during the second quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider’s stock valued at $7,034,000 after purchasing an additional 187,103 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in NewtekOne by 119.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock valued at $6,234,000 after purchasing an additional 298,830 shares during the period. Finally, North Reef Capital Management LP bought a new stake in NewtekOne during the third quarter valued at about $4,430,000. Institutional investors own 38.35% of the company’s stock.

About NewtekOne

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.