NewtekOne, Inc. (NASDAQ:NEWT – Get Free Report) Director Gregory Zink bought 1,000 shares of NewtekOne stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $13.87 per share, for a total transaction of $13,870.00. Following the acquisition, the director owned 36,085 shares in the company, valued at $500,498.95. The trade was a 2.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NewtekOne Price Performance
Shares of NASDAQ NEWT opened at $14.27 on Monday. NewtekOne, Inc. has a twelve month low of $9.59 and a twelve month high of $14.91. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 6.41. The company has a market capitalization of $411.40 million, a price-to-earnings ratio of 6.29 and a beta of 1.28. The business has a 50 day simple moving average of $12.12 and a 200-day simple moving average of $11.98.
NewtekOne (NASDAQ:NEWT – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. NewtekOne had a return on equity of 19.43% and a net margin of 16.15%.The business had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, equities research analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current year.
NewtekOne Announces Dividend
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Keefe, Bruyette & Woods upped their target price on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
Read Our Latest Analysis on NewtekOne
Institutional Trading of NewtekOne
Several hedge funds have recently added to or reduced their stakes in NEWT. North Reef Capital Management LP bought a new position in shares of NewtekOne in the third quarter worth $4,430,000. Graham Capital Management L.P. raised its stake in shares of NewtekOne by 54.0% during the fourth quarter. Graham Capital Management L.P. now owns 33,034 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 11,587 shares in the last quarter. Royal Bank of Canada raised its stake in shares of NewtekOne by 33.4% during the first quarter. Royal Bank of Canada now owns 23,639 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 5,916 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in NewtekOne by 13.7% in the fourth quarter. Kestra Advisory Services LLC now owns 17,742 shares of the business services provider’s stock worth $201,000 after purchasing an additional 2,136 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in NewtekOne in the 3rd quarter valued at about $191,000. Institutional investors own 38.35% of the company’s stock.
About NewtekOne
NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.
The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.
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