Rhumbline Advisers Trims Stock Holdings in NewtekOne, Inc. $NEWT

Rhumbline Advisers trimmed its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,325 shares of the business services provider’s stock after selling 942 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of NewtekOne worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new stake in NewtekOne during the 1st quarter valued at $123,000. XTX Topco Ltd bought a new stake in NewtekOne during the 1st quarter valued at $126,000. Kovitz Investment Group Partners LLC bought a new stake in NewtekOne during the 1st quarter valued at $126,000. Cambridge Investment Research Advisors Inc. boosted its position in NewtekOne by 8.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 980 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in NewtekOne during the 1st quarter valued at $160,000. Institutional investors own 38.35% of the company’s stock.

NewtekOne Price Performance

Shares of NewtekOne stock opened at $12.01 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. NewtekOne, Inc. has a twelve month low of $9.12 and a twelve month high of $15.49. The business has a 50-day moving average price of $11.89 and a 200 day moving average price of $11.35. The firm has a market cap of $316.10 million, a PE ratio of 5.98 and a beta of 1.25.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $70.20 million during the quarter, compared to analyst estimates of $73.88 million. NewtekOne had a return on equity of 19.16% and a net margin of 14.65%. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. Sell-side analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. B. Riley assumed coverage on NewtekOne in a research report on Monday, September 15th. They issued a “buy” rating and a $18.00 price objective for the company. Piper Sandler raised their price objective on NewtekOne from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NewtekOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

About NewtekOne

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.