Invesco Ltd. Trims Stake in NewtekOne, Inc. $NEWT

Invesco Ltd. reduced its position in NewtekOne, Inc. (NASDAQ:NEWT) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,987 shares of the business services provider’s stock after selling 1,554 shares during the quarter. Invesco Ltd.’s holdings in NewtekOne were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEWT. Barclays PLC boosted its holdings in shares of NewtekOne by 27.8% in the 4th quarter. Barclays PLC now owns 38,598 shares of the business services provider’s stock worth $492,000 after purchasing an additional 8,397 shares in the last quarter. Tower Research Capital LLC TRC grew its position in NewtekOne by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 1,703 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in NewtekOne by 22.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 2,633 shares during the last quarter. Northern Trust Corp grew its position in NewtekOne by 9.6% during the fourth quarter. Northern Trust Corp now owns 210,102 shares of the business services provider’s stock valued at $2,683,000 after acquiring an additional 18,407 shares during the last quarter. Finally, Jane Street Group LLC grew its position in NewtekOne by 25.6% during the fourth quarter. Jane Street Group LLC now owns 29,402 shares of the business services provider’s stock valued at $375,000 after acquiring an additional 5,986 shares during the last quarter. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of NewtekOne from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, July 11th. Piper Sandler increased their price target on shares of NewtekOne from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.

NewtekOne Trading Down 2.5%

Shares of NEWT stock opened at $12.03 on Friday. The business has a 50-day moving average of $11.81 and a 200 day moving average of $11.41. The stock has a market capitalization of $316.63 million, a PE ratio of 5.99 and a beta of 1.25. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne, Inc. has a 1-year low of $9.12 and a 1-year high of $15.49.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $70.20 million during the quarter, compared to analyst estimates of $73.88 million. NewtekOne had a return on equity of 19.16% and a net margin of 14.65%. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, sell-side analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Wednesday, July 9th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $0.76 dividend on an annualized basis and a yield of 6.3%. NewtekOne’s dividend payout ratio (DPR) is presently 37.81%.

NewtekOne 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.