Segall Bryant & Hamill LLC Takes $1.88 Million Position in NewtekOne, Inc. (NASDAQ:NEWT)

Segall Bryant & Hamill LLC acquired a new position in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 156,973 shares of the business services provider's stock, valued at approximately $1,877,000. Segall Bryant & Hamill LLC owned 0.60% of NewtekOne as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in 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 worth $33,000 after purchasing an additional 1,703 shares in the last quarter. Quantbot Technologies LP acquired a new position in NewtekOne during the fourth quarter worth $55,000. Aquatic Capital Management LLC lifted its stake in NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after purchasing an additional 2,184 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted 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 purchasing an additional 980 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 purchasing an additional 1,081 shares in the last quarter. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

NewtekOne Stock Up 3.7%

NewtekOne stock traded up $0.43 during midday trading on Wednesday, reaching $12.12. The company's stock had a trading volume of 221,480 shares, compared to its average volume of 194,496. NewtekOne, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $15.49. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.16. The company has a market cap of $319.24 million, a P/E ratio of 6.31 and a beta of 1.21. The business has a 50-day simple moving average of $11.13 and a 200-day simple moving average of $11.61.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. NewtekOne had a return on equity of 18.81% and a net margin of 14.34%. The business had revenue of $66.33 million for the quarter, compared to analysts' expectations of $63.15 million. On average, research analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Wednesday, July 9th. NewtekOne's dividend payout ratio (DPR) is 39.58%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price objective on NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research note on Friday, July 11th.

Insider Activity at NewtekOne

In related news, CEO Barry Sloane acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average cost of $10.86 per share, for a total transaction of $108,600.00. Following the transaction, the chief executive officer directly owned 1,200,459 shares of the company's stock, valued at approximately $13,036,984.74. This trade represents a 0.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 36,500 shares of company stock worth $406,175. 6.50% of the stock is owned by insiders.

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.