NewtekOne (NASDAQ:NEWT) Stock Crosses Above 200 Day Moving Average – What’s Next?

NewtekOne, Inc. (NASDAQ:NEWT)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.28 and traded as high as $14.05. NewtekOne shares last traded at $13.88, with a volume of 136,155 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Keefe, Bruyette & Woods raised their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Piper Sandler raised their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

NewtekOne Stock Performance

The business’s 50-day moving average price is $12.51 and its 200 day moving average price is $12.28. The company has a market cap of $400.58 million, a P/E ratio of 6.11 and a beta of 1.27.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The company had revenue of $88.18 million during the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Equities research analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

NewtekOne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 24th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, March 24th. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Patriot Financial Partners GP II L.P. bought a new position in shares of NewtekOne in the 3rd quarter valued at about $26,423,000. Vanguard Group Inc. boosted its holdings in shares of NewtekOne by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock worth $16,706,000 after buying an additional 26,966 shares during the period. Marshall Wace LLP boosted its holdings in shares of NewtekOne by 42.9% during the 2nd 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of NewtekOne by 119.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after buying an additional 298,830 shares during the period. Finally, North Reef Capital Management LP bought a new stake in shares of NewtekOne during the 3rd quarter worth about $4,430,000. Institutional investors own 38.35% of the company’s stock.

NewtekOne Company Profile

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.