NewtekOne (NASDAQ:NEWT) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report)'s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NEWT shares. Keefe, Bruyette & Woods decreased their target price on shares of NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Compass Point increased their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th.

NewtekOne Stock Performance

The stock has a market capitalization of $314.24 million, a P/E ratio of 6.21 and a beta of 1.21. The company has a fifty day moving average of $10.94 and a two-hundred day moving average of $11.70. The company has a debt-to-equity ratio of 6.16, a current ratio of 0.72 and a quick 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, topping analysts' consensus estimates of $0.34 by $0.01. NewtekOne had a net margin of 14.34% and a return on equity of 18.81%. The company had revenue of $66.33 million for the quarter, compared to analysts' expectations of $63.15 million. On average, equities analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Wednesday, July 9th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.37%. The ex-dividend date is Wednesday, July 9th. NewtekOne's dividend payout ratio is presently 39.58%.

Insider Activity

In other news, CEO Barry Sloane bought 10,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was purchased at an average price of $10.86 per share, for a total transaction of $108,600.00. Following the transaction, the chief executive officer owned 1,200,459 shares in the company, valued at approximately $13,036,984.74. This trade represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired a total of 36,500 shares of company stock worth $406,175 over the last three months. Insiders own 6.50% of the company's stock.

Hedge Funds Weigh In On NewtekOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its holdings 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NewtekOne by 8.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after acquiring an additional 1,081 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of NewtekOne by 199.4% in the 4th 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 during the last quarter. Aquatic Capital Management LLC boosted its holdings 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 buying an additional 2,184 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of NewtekOne by 22.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider's stock valued at $181,000 after buying an additional 2,633 shares in the last quarter. 38.35% of the stock is owned by institutional investors.

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.

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