Nuveen LLC Invests $758,000 in NewtekOne, Inc. $NEWT

Nuveen LLC purchased a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 63,362 shares of the business services provider's stock, valued at approximately $758,000. Nuveen LLC owned approximately 0.24% of NewtekOne as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NEWT. Tower Research Capital LLC TRC boosted its stake in shares of NewtekOne by 199.4% during the 4th 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 in the last quarter. Aquatic Capital Management LLC boosted its stake in shares of NewtekOne by 66.2% during the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after acquiring an additional 2,184 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NewtekOne during the 1st quarter worth about $126,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NewtekOne by 8.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider's stock worth $153,000 after acquiring an additional 980 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NewtekOne by 8.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock worth $176,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors own 38.35% of the company's stock.

NewtekOne Stock Performance

NewtekOne stock traded down $0.31 during trading hours on Friday, hitting $12.03. The stock had a trading volume of 126,317 shares, compared to its average volume of 172,760. The company has a 50-day moving average of $11.81 and a two-hundred day moving average of $11.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. The company has a market cap of $316.63 million, a PE ratio of 5.99 and a beta of 1.25. NewtekOne, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $70.20 million during 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. On average, equities research analysts anticipate 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 Monday, July 21st. Shareholders of record on Wednesday, July 9th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $0.76 annualized dividend and a yield of 6.3%. NewtekOne's dividend payout ratio is 37.81%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEWT. Piper Sandler upped 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 target price 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.