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NASDAQ:NEWT

NewtekOne (NEWT) Stock Forecast, Price & News

$12.13
-0.28 (-2.26%)
(As of 11:07 AM ET)
Compare
Today's Range
$12.13
$12.41
50-Day Range
$10.96
$13.07
52-Week Range
$10.75
$25.55
Volume
38,049 shs
Average Volume
268,500 shs
Market Capitalization
$298.51 million
P/E Ratio
8.73
Dividend Yield
5.94%
Price Target
$15.50

NewtekOne MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
27.8% Upside
$15.50 Price Target
Short Interest
Bearish
6.87% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of NewtekOne in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$411,013 Bought Last Quarter
Proj. Earnings Growth
45.73%
From $1.64 to $2.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Finance Sector

533rd out of 901 stocks

National Commercial Banks Industry

66th out of 85 stocks


NEWT stock logo

About NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. is a non-diversified closed-end management investment company engaged in the provision of business and financial solutions. It offers loans, payments, payroll and benefits, web solutions, insurance, and technology solutions. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

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NEWT Stock News Headlines

146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
NewtekOne (NASDAQ:NEWT) Now Covered by B. Riley
NewtekOne: The Moat And The Plan
NewtekOne: Q1 Earnings Snapshot
NewtekOne (NASDAQ:NEWT) PT Lowered to $13.00
NewtekOne (NEWT) to Release Quarterly Earnings on Monday
NewtekOne (NASDAQ:NEWT) Updates Q1 2023 Earnings Guidance
See More Headlines
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NEWT Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 4/14 Dividend
4/03/2023
Dividend Payable
4/14/2023
Today
5/30/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NEWT
Fax
N/A
Employees
104
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.50
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+24.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$32.31 million
Pretax Margin
22.43%

Debt

Sales & Book Value

Annual Sales
$86.24 million
Cash Flow
$2.70 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
23,206,000
Market Cap
$305.53 million
Optionable
Optionable
Beta
1.28

Key Executives

  • Barry Sloane
    Chairman, President & Chief Executive Officer
  • Michael Scott Price
    Chief Financial Officer & Director
  • Michael Adam Schwartz
    Secretary, Chief Legal & Compliance Officer
  • Nicholas J. Leger
    Chief Accounting Officer & Executive VP
  • Halli Razon-Feingold
    Director, Chief Administrative Officer & SVP-HR













NEWT Stock - Frequently Asked Questions

Should I buy or sell NewtekOne stock right now?

4 Wall Street 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 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.
View NEWT analyst ratings
or view top-rated stocks.

What is NewtekOne's stock price forecast for 2023?

4 Wall Street analysts have issued twelve-month price objectives for NewtekOne's shares. Their NEWT share price forecasts range from $12.00 to $22.00. On average, they predict the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
View analysts price targets for NEWT
or view top-rated stocks among Wall Street analysts.

How have NEWT shares performed in 2023?

NewtekOne's stock was trading at $16.25 at the beginning of 2023. Since then, NEWT stock has decreased by 23.6% and is now trading at $12.4150.
View the best growth stocks for 2023 here
.

When is NewtekOne's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NEWT earnings forecast
.

How were NewtekOne's earnings last quarter?

NewtekOne, Inc. (NASDAQ:NEWT) issued its quarterly earnings data on Sunday, November, 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 in the previous year, the firm posted $0.04 earnings per share.

How often does NewtekOne pay dividends? What is the dividend yield for NewtekOne?

NewtekOne declared 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 yield of 5.80%. The ex-dividend date of this dividend is Monday, April 3rd.
Read our dividend analysis for NEWT
.

What ETFs hold NewtekOne's stock?

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),

Is NewtekOne a good dividend stock?

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.

What guidance has NewtekOne issued on next quarter's earnings?

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 earnings per share estimate of $1.64. The company issued revenue guidance of -.

What is Barry Sloane's approval rating as NewtekOne's CEO?

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.

What other stocks do shareholders of NewtekOne own?
What is NewtekOne's stock symbol?

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

Who are NewtekOne's major shareholders?

NewtekOne's stock is owned by a number of retail and institutional 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.
View institutional ownership trends
.

How do I buy shares of NewtekOne?

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.
Compare Top Brokerages Here.

What is NewtekOne's stock price today?

One share of NEWT stock can currently be purchased for approximately $12.42.

How much money does NewtekOne make?

NewtekOne (NASDAQ:NEWT) has a market capitalization of $305.53 million and generates $86.24 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.

How many employees does NewtekOne have?

The company employs 104 workers across the globe.

How can I contact NewtekOne?

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.

This page (NASDAQ:NEWT) was last updated on 5/31/2023 by MarketBeat.com Staff

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