NewtekOne (NEWT) Projected to Post Earnings on Wednesday

NewtekOne (NASDAQ:NEWT) is anticipated to issue its quarterly earnings data 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

NewtekOne Price Performance

Shares of NASDAQ NEWT opened at $12.46 on Tuesday. NewtekOne has a 52 week low of $10.07 and a 52 week high of $15.49. The business’s 50 day moving average price is $12.86 and its 200 day moving average price is $12.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm has a market cap of $327.82 million, a P/E ratio of 6.96 and a beta of 1.31.

NewtekOne Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CEO Barry Sloane purchased 3,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 4,750 shares of company stock valued at $61,368 in the last three months. 6.50% of the stock is currently owned by corporate 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.