American Century Companies Inc. Has $1.02 Million 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. trimmed its holdings in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 24.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,077 shares of the business services provider's stock after selling 27,323 shares during the quarter. American Century Companies Inc. owned about 0.32% of NewtekOne worth $1,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEWT. Tower Research Capital LLC TRC increased its stake in shares of NewtekOne by 199.4% during 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 acquiring an additional 1,703 shares during the period. XTX Topco Ltd acquired a new position in shares of NewtekOne during the first quarter valued at approximately $126,000. Kovitz Investment Group Partners LLC bought a new stake in NewtekOne during the first quarter worth approximately $126,000. Cambridge Investment Research Advisors Inc. boosted its holdings in NewtekOne by 8.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider's stock worth $153,000 after buying an additional 980 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NewtekOne by 8.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock worth $176,000 after buying an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 38.35% of the company's stock.

NewtekOne Stock Down 2.5%

Shares of NASDAQ:NEWT traded down $0.31 during midday trading on Friday, hitting $12.03. 126,317 shares of the stock were exchanged, compared to its average volume of 172,760. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.75 and a current ratio of 0.75. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49. The business's fifty day simple moving average is $11.81 and its two-hundred day simple moving average is $11.39. The company has a market capitalization of $316.65 million, a PE ratio of 5.99 and a beta of 1.25.

NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $70.20 million during the quarter, compared to analyst estimates of $73.88 million. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Wednesday, July 9th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 9th. NewtekOne's payout ratio is presently 37.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a research report on Friday, July 11th. Piper Sandler raised their price objective 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.