NewtekOne (NASDAQ:NEWT) Releases FY 2025 Earnings Guidance

NewtekOne (NASDAQ:NEWT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.000-2.250 for the period, compared to the consensus earnings per share estimate of 2.120. The company issued revenue guidance of -. NewtekOne also updated its FY 2024 guidance to 1.850-2.050 EPS.

NewtekOne Trading Down 1.1 %

Shares of NASDAQ:NEWT traded down $0.15 during mid-day trading on Friday, reaching $14.08. 145,957 shares of the company were exchanged, compared to its average volume of 149,540. NewtekOne has a 1 year low of $10.07 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day simple moving average is $12.56 and its 200 day simple moving average is $12.77. The firm has a market cap of $365.52 million, a price-to-earnings ratio of 7.87 and a beta of 1.29.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 5.40%. NewtekOne’s dividend payout ratio is currently 42.46%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 target price (up from $13.00) on shares of NewtekOne in a report on Friday. B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th.

Insider Buying and Selling at NewtekOne

In related news, CEO Barry Sloane acquired 40,134 shares of the stock in a transaction dated Monday, September 23rd. The stock was acquired at an average cost of $11.75 per share, with a total value of $471,574.50. Following the completion of the transaction, the chief executive officer now owns 1,187,457 shares in the company, valued at $13,952,619.75. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 48,283 shares of company stock valued at $569,472 in the last quarter. Corporate 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.