NewtekOne (NASDAQ:NEWT) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

NewtekOne (NASDAQ:NEWT) announced its quarterly earnings results on Wednesday. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Zacks reports. The business had revenue of $75.37 million for the quarter, compared to the consensus estimate of $69.55 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. NewtekOne updated its FY 2025 guidance to 2.100-2.500 EPS.

NewtekOne Stock Up 0.7 %

NEWT stock traded up $0.09 during mid-day trading on Friday, hitting $13.11. 44,340 shares of the company were exchanged, compared to its average volume of 154,751. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $344.73 million, a P/E ratio of 7.36 and a beta of 1.31. The firm’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $12.96. NewtekOne has a 1-year low of $10.07 and a 1-year high of $15.49.

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.80%. NewtekOne’s dividend payout ratio (DPR) is currently 42.46%.

Insiders Place Their Bets

In related news, CEO Barry Sloane bought 3,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $38,850.00. Following the acquisition, the chief executive officer now owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. This represents a 0.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 4,750 shares of company stock worth $61,368. Company insiders own 6.50% of the company’s stock.

Wall Street Analyst Weigh In

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

NewtekOne Company Profile

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.