Weiss Ratings Reiterates Hold (C) Rating for NewtekOne (NASDAQ:NEWT)

NewtekOne (NASDAQ:NEWT)‘s stock had its “hold (c)” rating restated by stock analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

A number of other analysts have also recently commented on NEWT. Piper Sandler upped their price target on shares of NewtekOne from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $13.00 price objective (up previously from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. Finally, B. Riley initiated coverage on shares of NewtekOne in a research report on Monday, September 15th. They set a “buy” rating and a $18.00 price objective on the stock. One research 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 stock has an average rating of “Hold” and a consensus target price of $14.25.

NewtekOne Trading Up 3.0%

NewtekOne stock opened at $11.05 on Friday. NewtekOne has a 52 week low of $9.12 and a 52 week high of $15.49. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $290.84 million, a P/E ratio of 5.50 and a beta of 1.26. The stock has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $11.24.

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

Institutional Investors Weigh In On NewtekOne

A number of institutional investors have recently made changes to their positions in the company. Jump Financial LLC boosted its holdings in NewtekOne by 217.1% in the first quarter. Jump Financial LLC now owns 33,114 shares of the business services provider’s stock worth $396,000 after purchasing an additional 22,672 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of 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 purchasing an additional 980 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of NewtekOne during the 1st quarter valued at $1,877,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NewtekOne by 37.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,982 shares of the business services provider’s stock valued at $1,901,000 after purchasing an additional 43,161 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of NewtekOne by 246.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 38,542 shares of the business services provider’s stock valued at $461,000 after purchasing an additional 27,409 shares during the period. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Company 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.