NewtekOne (NASDAQ:NEWT) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.70 and traded as high as $12.06. NewtekOne shares last traded at $11.93, with a volume of 272,661 shares.

Analysts Set New Price Targets

NEWT has been the topic of a number of analyst reports. Compass Point increased 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. Keefe, Bruyette & Woods reduced their price target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research report on Friday.

NewtekOne Stock Performance

The stock has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $11.67. The stock has a market cap of $305.28 million, a price-to-earnings ratio of 6.04 and a beta of 1.21. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.72 and a current ratio of 0.72.

NewtekOne (NASDAQ:NEWT - Get Free Report) last issued 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. The firm had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a return on equity of 18.81% and a net margin of 14.34%. Analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Wednesday, July 9th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend is Wednesday, July 9th. NewtekOne's dividend payout ratio is presently 39.58%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 10,000 shares of NewtekOne stock in a transaction on Thursday, May 29th. The shares were purchased at an average price of $10.86 per share, with a total value of $108,600.00. Following the acquisition, the chief executive officer owned 1,200,459 shares in the company, valued at $13,036,984.74. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 36,500 shares of company stock valued at $406,175. Company insiders own 6.50% of the company's stock.

Institutional Investors Weigh In On NewtekOne

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings 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 valued at $33,000 after acquiring an additional 1,703 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NewtekOne during the 4th quarter valued at $55,000. Aquatic Capital Management LLC boosted its holdings 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 valued at $70,000 after acquiring an additional 2,184 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of NewtekOne during the 1st quarter valued at $123,000. Finally, XTX Topco Ltd acquired a new stake in shares of NewtekOne during the 1st quarter valued at $126,000. 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.