Nisa Investment Advisors LLC Raises Stock Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

Nisa Investment Advisors LLC grew its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 137.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,316 shares of the business services provider’s stock after acquiring an additional 2,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NewtekOne were worth $56,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares during the period. Harbor Capital Advisors Inc. increased its stake in NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock worth $94,000 after buying an additional 2,002 shares during the period. nVerses Capital LLC lifted its holdings in NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after buying an additional 2,900 shares in the last quarter. BNP Paribas Financial Markets boosted its position in NewtekOne by 28.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock valued at $173,000 after buying an additional 3,094 shares during the period. Finally, State Street Corp grew its stake in shares of 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 acquiring an additional 4,595 shares in the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Price Performance

NewtekOne stock opened at $13.28 on Friday. The stock has a market cap of $349.40 million, a P/E ratio of 7.42 and a beta of 1.32. The company has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $13.09. 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, Inc. has a 12-month low of $10.07 and a 12-month high of $15.49.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $83.12 million during the quarter, compared to analysts’ expectations of $61.76 million. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. During the same quarter in the previous year, the business earned $0.38 earnings per share. Equities analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.72%. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane acquired 3,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $12.95 per share, for a total transaction of $38,850.00. Following the completion of the purchase, the chief executive officer now owns 1,164,855 shares in the company, valued at $15,084,872.25. This trade represents a 0.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders bought 8,750 shares of company stock worth $119,568. 6.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEWT. B. Riley increased their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Finally, Piper Sandler boosted 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.

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.