NewtekOne (NASDAQ:NEWT) Upgraded at B. Riley

Key Points

• NewtekOne has been upgraded to a "strong-buy" rating by B. Riley, with FY2026 earnings estimated at $2.52 EPS.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" with an average price target of $14.00.
• NewtekOne reported $0.52 EPS for the last quarter, surpassing estimates, while revenue was $70.20 million against expectations of $73.88 million.

NewtekOne (NASDAQ:NEWT - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a research note issued to investors on Sunday,Zacks.com reports. B. Riley also issued estimates for NewtekOne's FY2026 earnings at $2.52 EPS.

NEWT has been the subject of a number of other reports. Piper Sandler lifted their price target on shares of NewtekOne from $11.50 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods decreased their target price on shares of NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.00.

NewtekOne Price Performance

Shares of NewtekOne stock opened at $11.97 on Friday. The company's fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $11.35. The firm has a market cap of $315.05 million, a PE ratio of 5.96 and a beta of 1.25. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. NewtekOne has a 12-month low of $9.12 and a 12-month high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its earnings results on Monday, July 28th. The business services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The firm had revenue of $70.20 million for the quarter, compared to analyst estimates of $73.88 million. NewtekOne had a net margin of 14.65% and a return on equity of 19.16%. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, equities analysts expect that NewtekOne will post 1.93 EPS for the current year.

Hedge Funds Weigh In On NewtekOne

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of NewtekOne by 2.3% in the second quarter. Geode Capital Management LLC now owns 630,105 shares of the business services provider's stock worth $7,109,000 after buying an additional 14,413 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of NewtekOne by 42.9% in the second quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider's stock worth $7,034,000 after buying an additional 187,103 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of NewtekOne by 16.2% in the first quarter. Royce & Associates LP now owns 520,035 shares of the business services provider's stock worth $6,220,000 after buying an additional 72,574 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of NewtekOne by 111.5% in the second quarter. AQR Capital Management LLC now owns 355,847 shares of the business services provider's stock worth $4,014,000 after buying an additional 187,578 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of NewtekOne by 81.4% in the second quarter. Segall Bryant & Hamill LLC now owns 284,754 shares of the business services provider's stock worth $3,212,000 after buying an additional 127,781 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company's stock.

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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