NewtekOne, Inc. $NEWT Shares Bought by Jump Financial LLC

Jump Financial LLC increased its position in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 217.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,114 shares of the business services provider's stock after acquiring an additional 22,672 shares during the period. Jump Financial LLC owned about 0.13% of NewtekOne worth $396,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings 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 worth $33,000 after acquiring an additional 1,703 shares during the period. Aquatic Capital Management LLC lifted its position in shares of NewtekOne by 66.2% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after buying an additional 2,184 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of NewtekOne in the first quarter worth about $126,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of NewtekOne in the first quarter worth about $126,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake 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 during the period. Institutional investors own 38.35% of the company's stock.

NewtekOne Stock Down 2.5%

NASDAQ NEWT traded down $0.31 during midday trading on Friday, hitting $12.03. 126,317 shares of the company traded hands, compared to its average volume of 172,760. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $316.63 million, a PE ratio of 5.99 and a beta of 1.25. The company's 50-day simple moving average is $11.81 and its 200-day simple moving average is $11.41. NewtekOne, Inc. has a 52 week low of $9.12 and a 52 week high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its earnings results 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. The business had revenue of $70.20 million for the quarter, compared to analysts' expectations of $73.88 million. NewtekOne had a return on equity of 19.16% and a net margin of 14.65%. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, equities research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

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

Wall Street Analyst Weigh In

NEWT has been the subject of a number of research analyst reports. Piper Sandler raised their price target on NewtekOne from $11.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods decreased their price target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a research note on Friday, July 11th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.00.

NewtekOne 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.