NewtekOne (NASDAQ:NEWT) Given New $12.00 Price Target at Keefe, Bruyette & Woods

NewtekOne (NASDAQ:NEWT - Get Free Report) had its price target dropped by Keefe, Bruyette & Woods from $13.00 to $12.00 in a report issued on Friday,Benzinga reports. The firm currently has a "market perform" rating on the business services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 2.74% from the company's current price.

Separately, Compass Point boosted their price target on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th.

NewtekOne Stock Performance

Shares of NEWT traded down $0.25 during mid-day trading on Friday, hitting $11.68. The company's stock had a trading volume of 39,361 shares, compared to its average volume of 192,403. NewtekOne has a one year low of $9.12 and a one year high of $15.49. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $307.65 million, a PE ratio of 6.08 and a beta of 1.21. The stock's 50-day moving average is $10.94 and its two-hundred day moving average is $11.70.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share for the quarter, beating 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 company had revenue of $66.33 million during the quarter, compared to analyst estimates of $63.15 million. As a group, sell-side analysts anticipate that NewtekOne will post 1.93 EPS for the current year.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was acquired 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 in the company, valued at $13,036,984.74. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders acquired 36,500 shares of company stock worth $406,175. Corporate insiders own 6.50% of the company's stock.

Institutional Investors Weigh In On NewtekOne

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in NewtekOne by 116.6% in the fourth quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock valued at $1,435,000 after acquiring an additional 60,518 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in NewtekOne in the fourth quarter valued at approximately $432,000. Nuveen Asset Management LLC grew its stake in NewtekOne by 59.3% in the fourth quarter. Nuveen Asset Management LLC now owns 68,230 shares of the business services provider's stock valued at $871,000 after acquiring an additional 25,399 shares during the period. Geode Capital Management LLC grew its stake in NewtekOne by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider's stock valued at $7,467,000 after acquiring an additional 10,933 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of NewtekOne by 73.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 105,855 shares of the business services provider's stock valued at $1,352,000 after buying an additional 44,969 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company's stock.

NewtekOne Company 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.

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