NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.80 and traded as high as $12.86. NewtekOne shares last traded at $12.79, with a volume of 168,324 shares traded.
Wall Street Analyst Weigh In
NEWT has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their target price on NewtekOne from $13.00 to $14.00 and gave the company a "market perform" rating in a report on Friday, January 30th. Piper Sandler upped their price target on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NewtekOne in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of NewtekOne from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.33.
Read Our Latest Analysis on NEWT
NewtekOne Stock Up 0.5%
The company has a market capitalization of $368.74 million, a price-to-earnings ratio of 5.84 and a beta of 1.22. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 6.41. The firm has a 50 day moving average price of $12.14 and a two-hundred day moving average price of $11.80.
NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $120.83 million for the quarter, compared to analysts' expectations of $80.01 million. NewtekOne had a return on equity of 18.83% and a net margin of 15.51%. As a group, sell-side analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current year.
NewtekOne Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 24th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 24th. NewtekOne's dividend payout ratio is presently 34.70%.
Institutional Trading of NewtekOne
A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of NewtekOne by 33.4% in the first quarter. Royal Bank of Canada now owns 23,639 shares of the business services provider's stock worth $282,000 after buying an additional 5,916 shares during the last quarter. AQR Capital Management LLC raised its holdings in NewtekOne by 306.4% in the first quarter. AQR Capital Management LLC now owns 168,269 shares of the business services provider's stock valued at $2,012,000 after acquiring an additional 126,865 shares in the last quarter. Jane Street Group LLC boosted its stake in NewtekOne by 24.7% during the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the business services provider's stock valued at $439,000 after acquiring an additional 7,274 shares during the last quarter. Rhumbline Advisers grew its holdings in NewtekOne by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider's stock worth $411,000 after acquiring an additional 2,108 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in NewtekOne during the 2nd quarter worth $107,000. Institutional investors and hedge funds own 38.35% of the company's stock.
About NewtekOne
(
Get Free Report)
NewtekOne, Inc NASDAQ: NEWT is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.
The company's core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.
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