20,100 Shares in NewtekOne, Inc. (NASDAQ:NEWT) Purchased by Bailard Inc.

Bailard Inc. bought a new stake in NewtekOne, Inc. (NASDAQ:NEWT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,100 shares of the business services provider’s stock, valued at approximately $257,000. Bailard Inc. owned approximately 0.08% of NewtekOne at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEWT. FMR LLC increased its stake in NewtekOne by 253.5% in the 3rd 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. Harbor Capital Advisors Inc. increased its position in shares of NewtekOne by 36.1% in the third 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 in the last quarter. Nisa Investment Advisors LLC increased its position in shares of NewtekOne by 137.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock valued at $56,000 after buying an additional 2,500 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of NewtekOne by 28.7% during 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. Finally, SG Americas Securities LLC boosted its position in shares of NewtekOne by 39.0% in the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after buying an additional 3,166 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Piper Sandler lifted their price objective 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 increased their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

NewtekOne Price Performance

NASDAQ:NEWT opened at $12.60 on Thursday. NewtekOne, Inc. has a 12-month low of $10.07 and a 12-month high of $15.49. The firm has a market cap of $331.44 million, a price-to-earnings ratio of 7.04 and a beta of 1.33. The company’s 50-day moving average is $12.82 and its two-hundred day moving average is $12.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $75.37 million for the quarter, compared to analyst estimates of $69.55 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. Research analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Tuesday, December 31st. NewtekOne’s payout ratio is 38.97%.

Insiders Place Their Bets

In other news, CEO Barry Sloane bought 3,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $12.95 per share, for a total transaction of $38,850.00. Following the acquisition, the chief executive officer now owns 1,164,855 shares of the company’s stock, valued at $15,084,872.25. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have acquired 4,750 shares of company stock valued at $61,368. Insiders own 6.50% of the company’s stock.

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.