NewtekOne (NASDAQ:NEWT) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

NewtekOne (NASDAQ:NEWT) posted its quarterly earnings results on Wednesday. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03, Zacks reports. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The business had revenue of $75.37 million during the quarter, compared to analyst estimates of $69.55 million. NewtekOne updated its FY 2025 guidance to 2.100-2.500 EPS.

NewtekOne Stock Performance

Shares of NEWT opened at $13.25 on Thursday. The company has a 50-day simple moving average of $12.83 and a 200-day simple moving average of $12.96. The company has a market capitalization of $348.51 million, a PE ratio of 7.39 and a beta of 1.31. NewtekOne has a 52-week low of $10.07 and a 52-week high of $15.49. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Tuesday, December 31st. NewtekOne’s dividend payout ratio is presently 42.46%.

Insider Activity at NewtekOne

In related news, CEO Barry Sloane purchased 3,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought 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 directly owns 1,164,855 shares in the company, valued at $15,084,872.25. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 4,750 shares of company stock valued at $61,368. Insiders own 6.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NEWT. Piper Sandler lifted their target price on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price objective (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Finally, B. Riley upped their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

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.