NewtekOne (NASDAQ:NEWT) Now Covered by Analysts at B. Riley

Key Points

• B. Riley has initiated coverage on NewtekOne (NASDAQ:NEWT), setting a "buy" rating with a price target of $18.00, indicating a potential upside of 56.11% from its previous close.
• NewtekOne reported quarterly earnings of $0.52 per share, exceeding analysts' expectations of $0.50, with a revenue of $70.20 million.
• Institutional investors have been increasing their stakes in NewtekOne, with notable increases from firms like Ameriprise Financial and AQR Capital Management, signifying growing confidence in the company's prospects.

Research analysts at B. Riley started coverage on shares of NewtekOne (NASDAQ:NEWT - Get Free Report) in a note issued to investors on Monday. The firm set a "buy" rating and a $18.00 price target on the business services provider's stock. B. Riley's price target points to a potential upside of 46.52% from the stock's current price. B. Riley also issued estimates for NewtekOne's Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $2.28 EPS and FY2026 earnings at $2.52 EPS.

NEWT has been the subject of several other reports. Keefe, Bruyette & Woods reduced their price target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a report on Friday, July 11th. Piper Sandler boosted their price objective on NewtekOne from $11.50 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, NewtekOne presently has a consensus rating of "Moderate Buy" and an average target price of $14.25.

NewtekOne Stock Performance

Shares of NEWT traded down $0.25 during trading hours on Monday, reaching $12.29. 113,677 shares of the company's stock traded hands, compared to its average volume of 221,201. The firm has a market capitalization of $323.37 million, a price-to-earnings ratio of 6.11 and a beta of 1.25. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne has a twelve month low of $9.12 and a twelve month high of $15.49. The business's fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $11.35.

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

Institutional Investors Weigh In On NewtekOne

Several large investors have recently added to or reduced their stakes in NEWT. Trust Co. of Vermont purchased a new stake in shares of NewtekOne in the 2nd quarter valued at about $29,000. IFP Advisors Inc increased its stake in shares of NewtekOne by 74.9% during the second quarter. IFP Advisors Inc now owns 6,776 shares of the business services provider's stock valued at $77,000 after purchasing an additional 2,901 shares in the last quarter. CWM LLC increased its position in shares of NewtekOne by 728.7% during the second quarter. CWM LLC now owns 8,610 shares of the business services provider's stock valued at $97,000 after acquiring an additional 7,571 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of NewtekOne during the second quarter valued at approximately $107,000. Finally, EP Wealth Advisors LLC bought a new position in shares of NewtekOne in the 1st quarter worth approximately $123,000. 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.