NewtekOne (NASDAQ:NEWT) Releases FY 2024 Earnings Guidance

NewtekOne (NASDAQ:NEWT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.850-2.050 for the period, compared to the consensus earnings per share estimate of 1.890. The company issued revenue guidance of -. NewtekOne also updated its FY 2025 guidance to 2.000-2.250 EPS.

NewtekOne Stock Down 1.1 %

Shares of NewtekOne stock traded down $0.15 during trading hours on Friday, hitting $14.08. 145,957 shares of the company’s stock traded hands, compared to its average volume of 149,540. NewtekOne has a twelve month low of $10.07 and a twelve month high of $15.25. The company has a market cap of $365.52 million, a PE ratio of 7.87 and a beta of 1.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.96. The stock has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $12.77.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.40%. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Wall Street Analyst Weigh In

NEWT has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a research report on Friday. B. Riley lowered shares of NewtekOne from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $13.00 in a report on Wednesday, September 4th.

Insiders Place Their Bets

In other NewtekOne news, CEO Barry Sloane acquired 40,134 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average price of $11.75 per share, with a total value of $471,574.50. Following the transaction, the chief executive officer now directly owns 1,187,457 shares in the company, valued at approximately $13,952,619.75. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 48,283 shares of company stock valued at $569,472 over the last 90 days. 6.50% of the stock is owned by company insiders.

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.