NewtekOne (NEWT) to Release Earnings on Wednesday

NewtekOne (NASDAQ:NEWT) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $69.55 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

NewtekOne Stock Down 1.3 %

Shares of NASDAQ NEWT opened at $12.46 on Tuesday. NewtekOne has a 12-month low of $10.07 and a 12-month high of $15.49. The stock’s fifty day simple moving average is $12.86 and its two-hundred day simple moving average is $12.97. The stock has a market capitalization of $327.82 million, a PE ratio of 6.96 and a beta of 1.31. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date was Tuesday, December 31st. NewtekOne’s dividend payout ratio (DPR) is currently 42.46%.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane purchased 3,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $12.95 per share, with a total value of $38,850.00. Following the completion of the acquisition, the chief executive officer now owns 1,164,855 shares in the company, valued at approximately $15,084,872.25. This represents a 0.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 4,750 shares of company stock worth $61,368. Insiders own 6.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NEWT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 target price (up from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Piper Sandler lifted their price objective on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, B. Riley increased their target price on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

About NewtekOne

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.