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

Barclays PLC raised its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 285.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,201 shares of the business services provider’s stock after buying an additional 22,360 shares during the quarter. Barclays PLC owned about 0.11% of NewtekOne worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NEWT. International Assets Investment Management LLC raised its position in shares of NewtekOne by 1,146.0% in the 3rd quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 56,154 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of NewtekOne in the third quarter worth $1,902,000. FMR LLC lifted its stake 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 buying an additional 1,835 shares during the period. Marshall Wace LLP lifted its stake in shares of NewtekOne by 200.3% during the second quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after buying an additional 180,468 shares during the period. Finally, State Street Corp grew its holdings in shares of NewtekOne by 1.0% during the third quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock valued at $5,911,000 after buying an additional 4,595 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEWT. Piper Sandler raised their target price 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 raised their price objective on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed 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.

Insider Activity

In other news, CEO Barry Sloane bought 3,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average cost of $14.75 per share, with a total value of $44,250.00. Following the purchase, the chief executive officer now directly owns 1,161,855 shares in the company, valued at $17,137,361.25. The trade was a 0.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 8,750 shares of company stock valued at $119,568 in the last three months. 6.50% of the stock is currently owned by corporate insiders.

NewtekOne Trading Up 0.9 %

NASDAQ NEWT opened at $12.84 on Friday. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year 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. The company has a fifty day moving average of $13.74 and a 200 day moving average of $13.07.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $83.12 million during the quarter, compared to analysts’ expectations of $61.76 million. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. During the same quarter in the previous year, the firm 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 disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.92%. NewtekOne’s payout ratio is 42.46%.

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.