2 weeks Ago By Defense World Staff
Geode Capital Management LLC increased its holdings in NewtekOne, Inc. ( NASDAQ:NEWT – Free Report ) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 584,541 shares of the business services provider’s stock after purchasing an additional 10,933 shares during the quarter. Geode Capital Management LLC owned 2.22% of NewtekOne worth $7,467,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NEWT. State Street Corp grew its position in NewtekOne by 1.0% in the third quarter.
State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after buying an additional 4,595 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NewtekOne by 68.3% in the 4th quarter.
Bank of New York Mellon Corp now owns 279,001 shares of the business services provider’s stock worth $3,563,000 after acquiring an additional 113,261 shares during the last quarter. Wellington Management Group LLP raised its position in shares of NewtekOne by 66.2% during the fourth quarter.
Wellington Management Group LLP now owns 253,627 shares of the business services provider’s stock worth $3,239,000 after purchasing an additional 100,989 shares during the period. JPMorgan Chase & Co. raised its position in shares of NewtekOne by 308.
9% during the fourth quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider’s stock worth $1,782,000 after purchasing an additional 105,397 shares during the period.
Finally, Bard Associates Inc. lifted its holdings in shares of NewtekOne by 6.1% during the fourth quarter.
Bard Associates Inc. now owns 127,657 shares of the business services provider’s stock valued at $1,654,000 after purchasing an additional 7,303 shares during the last quarter. 38.
35% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, Compass Point lifted their price target on NewtekOne from $13.00 to $14.
00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.
50. NewtekOne Price Performance Shares of NASDAQ:NEWT opened at $10.86 on Friday.
The company has a market cap of $285.52 million, a P/E ratio of 6.07 and a beta of 1.
23. The company’s fifty day moving average is $11.63 and its two-hundred day moving average is $12.
77. 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, Inc.
has a 12-month low of $9.12 and a 12-month high of $15.49.
NewtekOne ( NASDAQ:NEWT – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.
66 by $0.03. NewtekOne had a return on equity of 18.
73% and a net margin of 14.92%. The firm had revenue of $75.
37 million for the quarter, compared to analyst estimates of $69.55 million. Equities analysts expect that NewtekOne, Inc.
will post 1.93 earnings per share for the current fiscal year. NewtekOne Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Tuesday, April 15th will be issued a dividend of $0.19 per share. This represents a $0.
76 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend is Tuesday, April 15th.
NewtekOne’s dividend payout ratio is currently 38.97%. NewtekOne Company Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than NewtekOne Best ESG Stocks: 11 Best Stocks for ESG Investing 2 Strong Utilities Plays With Booming Earnings and Room to Grow Comparing and Trading High PE Ratio Stocks Why Smart Investors Don’t Panic in Election Season Where Do I Find 52-Week Highs and Lows? Now Is the Time to Buy ServiceNow—The Rebound Is Real Receive News & Ratings for NewtekOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewtekOne and related companies with MarketBeat.com's FREE daily email newsletter .
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