Raymond James Financial Inc. Takes $1.13 Million Position in NewtekOne, Inc. (NASDAQ:NEWT)

Raymond James Financial Inc. acquired a new stake in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,124 shares of the business services provider's stock, valued at approximately $1,125,000. Raymond James Financial Inc. owned 0.33% of NewtekOne as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of NewtekOne by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 21,568 shares of the business services provider's stock valued at $275,000 after purchasing an additional 5,444 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NewtekOne by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider's stock worth $7,467,000 after buying an additional 10,933 shares in the last quarter. Wellington Management Group LLP boosted its holdings in NewtekOne by 66.2% during the fourth quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider's stock worth $3,239,000 after buying an additional 100,989 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NewtekOne by 308.9% in the fourth quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider's stock valued at $1,782,000 after buying an additional 105,397 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC acquired a new stake in shares of NewtekOne during the 4th quarter valued at $339,000. Institutional investors own 38.35% of the company's stock.

NewtekOne Stock Up 1.6 %

Shares of NEWT stock traded up $0.16 on Friday, reaching $10.38. 269,798 shares of the company's stock traded hands, compared to its average volume of 189,233. The company has a market capitalization of $272.90 million, a P/E ratio of 5.80 and a beta of 1.26. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The business's 50 day moving average price is $11.11 and its two-hundred day moving average price is $12.55.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to analyst estimates of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, equities analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 annualized dividend and a dividend yield of 7.32%. NewtekOne's dividend payout ratio is 39.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Compass Point lifted their target price on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Keefe, Bruyette & Woods cut their price objective on NewtekOne from $15.00 to $13.00 and set a "market perform" rating on the stock in a report on Thursday.

NewtekOne 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.