American Century Companies Inc. Reduces Stock Position in NewtekOne, Inc. $NEWT

Key Points

• American Century Companies Inc. reduced its stake in NewtekOne, Inc. by 24.3%, ending the first quarter with 85,077 shares valued at approximately $1.02 million.
• Analyst ratings for NewtekOne show mixed sentiments, with Keefe, Bruyette & Woods lowering their price target to $12.00 while Piper Sandler increased theirs to the same amount, resulting in a consensus rating of "Hold".
• NewtekOne recently declared a quarterly dividend of $0.19 per share, yielding 6.2% annually, with an established payout ratio of 37.81%.

American Century Companies Inc. decreased its stake in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,077 shares of the business services provider's stock after selling 27,323 shares during the period. American Century Companies Inc. owned 0.32% of NewtekOne worth $1,018,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in shares of NewtekOne by 33.8% in the fourth quarter. Wells Fargo & Company MN now owns 21,568 shares of the business services provider's stock valued at $275,000 after purchasing an additional 5,444 shares during the period. Barclays PLC raised its position in shares of NewtekOne by 27.8% in the fourth quarter. Barclays PLC now owns 38,598 shares of the business services provider's stock valued at $492,000 after purchasing an additional 8,397 shares during the period. Tower Research Capital LLC TRC raised its position in shares of NewtekOne by 199.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock valued at $33,000 after purchasing an additional 1,703 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of NewtekOne by 22.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider's stock valued at $181,000 after purchasing an additional 2,633 shares during the period. Finally, Northern Trust Corp raised its position in shares of NewtekOne by 9.6% in the fourth quarter. Northern Trust Corp now owns 210,102 shares of the business services provider's stock valued at $2,683,000 after purchasing an additional 18,407 shares during the period. Institutional investors own 38.35% of the company's stock.

NewtekOne Trading Down 0.5%

Shares of NewtekOne stock traded down $0.07 during trading on Tuesday, reaching $11.85. The company's stock had a trading volume of 51,663 shares, compared to its average volume of 219,730. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49. The company has a market cap of $311.76 million, a price-to-earnings ratio of 5.89 and a beta of 1.25. The firm's 50-day moving average is $11.83 and its two-hundred day moving average is $11.38. 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 (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. NewtekOne had a net margin of 14.65% and a return on equity of 19.16%. The company had revenue of $70.20 million during the quarter, compared to analysts' expectations of $73.88 million. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. On average, sell-side analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Wednesday, July 9th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Wednesday, July 9th. NewtekOne's dividend payout ratio is currently 37.81%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NEWT shares. Keefe, Bruyette & Woods lowered their price target on shares of NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research report on Friday, July 11th. Piper Sandler boosted their price target on shares of NewtekOne from $11.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NewtekOne currently has an average rating of "Hold" and a consensus target price of $13.00.

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.