BNP Paribas Financial Markets Has $173,000 Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

BNP Paribas Financial Markets lifted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,863 shares of the business services provider’s stock after acquiring an additional 3,094 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of NewtekOne worth $173,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NEWT. FMR LLC lifted its holdings in shares of NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares during the period. International Assets Investment Management LLC bought a new position in NewtekOne during the 2nd quarter worth $62,000. nVerses Capital LLC lifted its holdings in NewtekOne by 96.7% during the 3rd 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 during the period. Harbor Capital Advisors Inc. grew its position in shares of NewtekOne by 36.1% in the 3rd 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. Finally, SG Americas Securities LLC bought a new stake in shares of NewtekOne in the 3rd quarter valued at about $101,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Trading Down 2.9 %

Shares of NEWT stock opened at $13.19 on Wednesday. NewtekOne, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $15.49. 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 stock has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $13.10. The company has a market cap of $346.96 million, a P/E ratio of 7.37 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $83.12 million during 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 business posted $0.38 EPS. Research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.76%. NewtekOne’s dividend payout ratio is presently 42.46%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler lifted 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. B. Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price objective (up from $13.00) on shares of NewtekOne in a research report on Friday, November 8th.

Insider Activity at NewtekOne

In other NewtekOne news, CEO Barry Sloane acquired 40,134 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $11.75 per share, with a total value of $471,574.50. Following the completion of the purchase, the chief executive officer now owns 1,187,457 shares of the company’s stock, valued at approximately $13,952,619.75. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 44,634 shares of company stock valued at $535,640 in the last three months. Corporate insiders own 6.50% of the company’s stock.

NewtekOne 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.