NewtekOne, Inc. (NASDAQ:NEWT) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 137.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,316 shares of the business services provider’s stock after buying an additional 2,500 shares during the period. Nisa Investment Advisors LLC’s holdings in NewtekOne were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in NewtekOne by 253.5% during the third 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. nVerses Capital LLC increased its stake in shares of NewtekOne by 96.7% during the third quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after purchasing an additional 2,900 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock worth $94,000 after purchasing an additional 2,002 shares during the last quarter. SG Americas Securities LLC purchased a new position in NewtekOne in the 3rd quarter valued at about $101,000. Finally, BNP Paribas Financial Markets boosted its holdings in NewtekOne by 28.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock worth $173,000 after buying an additional 3,094 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

Insider Activity

In other news, CEO Barry Sloane acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $14.75 per share, for a total transaction of $44,250.00. Following the completion of the transaction, the chief executive officer now owns 1,161,855 shares in the company, valued at approximately $17,137,361.25. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have bought 8,750 shares of company stock valued at $119,568. 6.50% of the stock is currently owned by insiders.

NewtekOne Stock Down 0.4 %

NEWT stock opened at $13.28 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm has a 50-day moving average of $13.31 and a two-hundred day moving average of $13.09. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.49. The company has a market cap of $349.40 million, a price-to-earnings ratio of 7.42 and a beta of 1.32.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $83.12 million during the quarter, compared to analyst estimates of $61.76 million. During the same period in the prior year, the business earned $0.38 earnings per share. As a group, analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.72%. NewtekOne’s dividend payout ratio is presently 42.46%.

Wall Street Analyst Weigh In

NEWT has been the subject of a number of research analyst reports. Piper Sandler increased their target price on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price target (up from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Finally, B. Riley raised their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

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.