NewtekOne, Inc. (NASDAQ:NEWT) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in NewtekOne, Inc. (NASDAQ:NEWT) by 285.2% during the third quarter, HoldingsChannel.com reports. The fund owned 30,201 shares of the business services provider’s stock after acquiring an additional 22,360 shares during the period. Barclays PLC’s holdings in NewtekOne were worth $376,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NEWT. FMR LLC lifted its holdings in NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 1,835 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of NewtekOne by 36.1% in the third quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after buying an additional 2,002 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of NewtekOne by 96.7% in the third quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after buying an additional 2,900 shares in the last quarter. BNP Paribas Financial Markets boosted its position in NewtekOne by 28.7% during the third quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock worth $173,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in NewtekOne by 12.0% during the 2nd quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 3,617 shares in the last quarter. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NewtekOne Price Performance

Shares of NEWT stock opened at $12.84 on Friday. The firm’s 50-day moving average is $13.74 and its two-hundred day moving average is $13.07. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.49. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $337.76 million, a PE ratio of 7.17 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $83.12 million for the quarter, compared to analyst estimates of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same quarter in the previous year, the company earned $0.38 EPS. Analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Tuesday, December 31st. NewtekOne’s dividend payout ratio is presently 42.46%.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane acquired 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $15,084,872.25. The trade was a 0.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 8,750 shares of company stock worth $119,568. 6.50% of the stock is currently owned by company insiders.

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.