NewtekOne (NASDAQ:NEWT) Shares Pass Above 200 Day Moving Average of $12.24

NewtekOne, Inc. (NASDAQ:NEWTGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.24 and traded as high as $12.63. NewtekOne shares last traded at $12.43, with a volume of 133,173 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on NEWT shares. StockNews.com raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods dropped their price target on shares of NewtekOne from $16.00 to $13.00 and set a “market perform” rating for the company in a research note on Wednesday, March 20th. Finally, Piper Sandler dropped their price target on shares of NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.50.

Get Our Latest Stock Report on NewtekOne

NewtekOne Stock Performance

The stock has a market cap of $307.39 million, a price-to-earnings ratio of 8.02 and a beta of 1.30. The stock’s fifty day moving average is $12.73 and its 200-day moving average is $12.24. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 5.01.

NewtekOne (NASDAQ:NEWTGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $58.27 million during the quarter, compared to analysts’ expectations of $49.06 million. NewtekOne had a net margin of 14.14% and a return on equity of 18.27%. On average, analysts forecast that NewtekOne, Inc. will post 1.92 EPS for the current year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Tuesday, July 9th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, July 9th. NewtekOne’s dividend payout ratio (DPR) is presently 49.03%.

Insider Activity

In related news, CEO Barry Sloane purchased 5,000 shares of NewtekOne stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $12.92 per share, for a total transaction of $64,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,140,674 shares of the company’s stock, valued at $14,737,508.08. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other NewtekOne news, CEO Barry Sloane acquired 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of $12.92 per share, with a total value of $64,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,140,674 shares in the company, valued at approximately $14,737,508.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Scott Price acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $12.59 per share, for a total transaction of $25,180.00. Following the transaction, the chief financial officer now owns 21,681 shares of the company’s stock, valued at $272,963.79. The disclosure for this purchase can be found here. Insiders purchased 19,500 shares of company stock worth $265,165 over the last quarter. 6.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NewtekOne

Several hedge funds have recently added to or reduced their stakes in NEWT. Cape Investment Advisory Inc. acquired a new position in shares of NewtekOne in the fourth quarter valued at $89,000. SeaBridge Investment Advisors LLC acquired a new position in shares of NewtekOne in the fourth quarter valued at $138,000. Jump Financial LLC acquired a new position in shares of NewtekOne in the fourth quarter valued at $155,000. SG Americas Securities LLC increased its holdings in shares of NewtekOne by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,058 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Kinloch Capital LLC acquired a new position in shares of NewtekOne in the first quarter valued at about $148,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Company Profile

(Get Free Report)

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.

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