NewtekOne (NEWT) Expected to Announce Quarterly Earnings on Wednesday

NewtekOne (NASDAQ:NEWT) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect NewtekOne to post earnings of $0.65 per share and revenue of $68.35 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

NewtekOne Stock Down 0.2 %

Shares of NASDAQ:NEWT opened at $12.88 on Wednesday. The firm has a market cap of $338.87 million, a P/E ratio of 7.20 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne has a 12 month low of $10.07 and a 12 month high of $15.49. The company’s 50-day moving average price is $12.99 and its two-hundred day moving average price is $12.96.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.90%. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Wall Street Analyst Weigh In

Several research analysts have commented on NEWT shares. 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 research note on Friday, November 8th. Piper Sandler upped their target price on NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, B. Riley raised their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

Insiders Place Their Bets

In other NewtekOne news, CEO Barry Sloane purchased 3,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $12.95 per share, with a total value of $38,850.00. Following the acquisition, the chief executive officer now directly owns 1,164,855 shares in the company, valued at approximately $15,084,872.25. The trade was a 0.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 7,750 shares of company stock worth $105,618 in the last quarter. 6.50% of the stock is 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.