NewtekOne (NASDAQ:NEWT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of NewtekOne, Inc. (NASDAQ:NEWT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.88 and traded as high as $12.42. NewtekOne shares last traded at $12.30, with a volume of 131,250 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NEWT shares. Weiss Ratings restated a “hold (c)” rating on shares of NewtekOne in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of NewtekOne from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Keefe, Bruyette & Woods boosted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Finally, Piper Sandler raised their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.

NewtekOne Trading Up 0.2%

The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50 day moving average is $12.98 and its 200 day moving average is $11.88. The stock has a market capitalization of $355.31 million, a price-to-earnings ratio of 5.62 and a beta of 1.25.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $55.85 million for the quarter, compared to the consensus estimate of $80.01 million. NewtekOne had a net margin of 15.51% and a return on equity of 19.52%. On average, research analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 22nd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, December 22nd. NewtekOne’s payout ratio is currently 34.70%.

Insider Buying and Selling

In other news, CEO Barry Sloane acquired 3,595 shares of NewtekOne stock in a transaction on Wednesday, January 14th. The stock was bought at an average price of $13.91 per share, for a total transaction of $50,006.45. Following the transaction, the chief executive officer owned 1,194,180 shares of the company’s stock, valued at $16,611,043.80. The trade was a 0.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Adam Schwartz acquired 2,247 shares of the stock in a transaction dated Wednesday, January 14th. The shares were purchased at an average price of $13.91 per share, for a total transaction of $31,255.77. Following the completion of the transaction, the insider owned 49,713 shares of the company’s stock, valued at $691,507.83. This trade represents a 4.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 10,845 shares of company stock valued at $145,511 in the last quarter. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On NewtekOne

Institutional investors and hedge funds have recently bought and sold shares of the business. Patriot Financial Partners GP II L.P. acquired a new stake in shares of NewtekOne during the 3rd quarter valued at about $26,423,000. Vanguard Group Inc. lifted its stake in NewtekOne by 1.9% during the third quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock worth $16,706,000 after purchasing an additional 26,966 shares during the period. Geode Capital Management LLC boosted its holdings in NewtekOne by 2.3% during the second quarter. Geode Capital Management LLC now owns 630,105 shares of the business services provider’s stock valued at $7,109,000 after purchasing an additional 14,413 shares in the last quarter. Marshall Wace LLP boosted its holdings in NewtekOne by 42.9% during the second quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider’s stock valued at $7,034,000 after purchasing an additional 187,103 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of NewtekOne by 119.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock valued at $6,234,000 after purchasing an additional 298,830 shares during the period. Institutional investors own 38.35% of the company’s stock.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.