International Assets Investment Management LLC Grows Stock Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

International Assets Investment Management LLC lifted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 1,280.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,740 shares of the business services provider’s stock after purchasing an additional 93,440 shares during the period. International Assets Investment Management LLC’s holdings in NewtekOne were worth $1,390,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in NewtekOne in the second quarter valued at $31,000. Royal Bank of Canada boosted its stake in shares of NewtekOne by 1,166.7% during the 1st quarter. Royal Bank of Canada now owns 2,166 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 1,995 shares in the last quarter. Money Concepts Capital Corp purchased a new position in shares of NewtekOne during the fourth quarter valued at about $62,000. Comerica Bank purchased a new stake in NewtekOne in the third quarter worth about $66,000. Finally, Barclays PLC bought a new stake in NewtekOne during the 2nd quarter valued at approximately $74,000. 38.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEWT. B. Riley reissued a “buy” rating and issued a $18.00 target price (down previously from $19.00) on shares of NewtekOne in a research report on Thursday, March 7th. Piper Sandler decreased their price objective on NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of NewtekOne from $16.00 to $13.00 and set a “market perform” rating on the stock in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, NewtekOne has a consensus rating of “Hold” and an average price target of $14.50.

NewtekOne Stock Up 0.2 %

Shares of NASDAQ:NEWT opened at $10.90 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.83. The stock has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $12.73. NewtekOne, Inc. has a 12-month low of $10.07 and a 12-month high of $19.36. The stock has a market capitalization of $269.34 million, a price-to-earnings ratio of 6.73 and a beta of 1.25.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). NewtekOne had a return on equity of 20.04% and a net margin of 15.19%. The company had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $62.99 million. During the same period in the prior year, the firm earned $0.06 EPS. On average, research analysts anticipate that NewtekOne, Inc. will post 1.83 earnings per share for the current fiscal year.

NewtekOne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.19 per share. This is a boost from NewtekOne’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.97%. NewtekOne’s dividend payout ratio is presently 46.91%.

NewtekOne Company Profile

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.