NewtekOne (NEWT) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NewtekOne in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NEWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWT, but not buy additional shares or sell existing shares.
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4 analysts have issued twelve-month price targets for NewtekOne's stock. Their NEWT share price forecasts range from $12.00 to $22.00. On average, they expect the company's stock price to reach $15.50 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
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NewtekOne's stock was trading at $16.25 at the beginning of the year. Since then, NEWT stock has decreased by 25.5% and is now trading at $12.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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NewtekOne, Inc. (NASDAQ:NEWT) issued its earnings results on Sunday, November, 7th. The business services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.03. The business services provider had revenue of $12.41 million for the quarter, compared to analysts' expectations of $13.06 million. NewtekOne had a net margin of 26.96% and a trailing twelve-month return on equity of 13.60%. During the same period last year, the business earned $0.04 earnings per share.

NewtekOne announced a quarterly dividend on Monday, February 27th. Investors of record on Tuesday, April 4th will be paid a dividend of $0.18 per share on Friday, April 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Monday, April 3rd.
Read our dividend analysis for NEWT.

ETFs with the largest weight of NewtekOne (NASDAQ:NEWT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), Opus Small Cap Value Plus ETF (OSCV),

NewtekOne (NASDAQ:NEWT) pays an annual dividend of $0.72 per share and currently has a dividend yield of 5.78%. NEWT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NEWT will have a dividend payout ratio of 30.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NEWT.

NewtekOne issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $1.70-$2.00 for the period, compared to the consensus estimate of $1.64. The company issued revenue guidance of -.

95 employees have rated NewtekOne Chief Executive Officer Barry Sloane on Glassdoor.com. Barry Sloane has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NewtekOne investors own include Ares Capital (ARCC), Energy Transfer (ET), AT&T (T), New Residential Investment (NRZ), Hercules Capital (HTGC), Annaly Capital Management (NLY), Enterprise Products Partners (EPD), Prospect Capital (PSEC), TriplePoint Venture Growth BDC (TPVG) and NGL Energy Partners (NGL).

NewtekOne trades on the NASDAQ under the ticker symbol "NEWT."

NewtekOne's stock is owned by a variety of institutional and retail investors. Top institutional investors include Royce & Associates LP (9.43%), Putnam Investments LLC (0.92%), Barrett & Company Inc. (0.72%), Aptus Capital Advisors LLC (0.52%), D.A. Davidson & CO. (0.37%) and Two Sigma Advisers LP (0.28%). Insiders that own company stock include Barry Sloane, Gregory L Zink, Nicholas J Leger, Nicolas Young and Richard J Salute.
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Shares of NEWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEWT stock can currently be purchased for approximately $12.11.

NewtekOne (NASDAQ:NEWT) has a market capitalization of $298.01 million and generates $122.73 million in revenue each year. The business services provider earns $32.31 million in net income (profit) each year or $1.39 on an earnings per share basis.

The company employs 104 workers across the globe.

NewtekOne's mailing address is 4800 T Rex Avenue Suite 120, Boca Raton FL, 11042. The official website for the company is www.newtekone.com. The business services provider can be reached via phone at (212) 356-9500 or via email at jcavuoto@newtekone.com.