Alliancebernstein L.P. Has $339,000 Position in NewtekOne, Inc. (NASDAQ:NEWT)

Alliancebernstein L.P. trimmed its position in NewtekOne, Inc. (NASDAQ:NEWT) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,570 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Alliancebernstein L.P. owned 0.10% of NewtekOne worth $339,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEWT. Wellington Management Group LLP increased its holdings in NewtekOne by 66.2% in the 4th quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider’s stock valued at $3,239,000 after buying an additional 100,989 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of NewtekOne by 308.9% in the 4th quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 105,397 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new position in shares of NewtekOne in the 4th quarter valued at $339,000. American Century Companies Inc. raised its holdings in shares of NewtekOne by 116.6% during the 4th quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider’s stock worth $1,435,000 after buying an additional 60,518 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of NewtekOne during the 4th quarter worth $55,000. Institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Down 1.9 %

NEWT stock opened at $10.04 on Tuesday. NewtekOne, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $15.49. The stock has a fifty day moving average of $11.76 and a 200-day moving average of $12.82. The company has a market capitalization of $263.96 million, a price-to-earnings ratio of 5.61 and a beta of 1.23. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. As a group, equities research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne’s payout ratio is presently 38.97%.

Wall Street Analysts Forecast Growth

Separately, Compass Point raised their target price on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.50.

NewtekOne Profile

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.