NewtekOneNEWT
NEWT
About: NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions. It has four reportable segments Banking, Technology, NSBF, and Payments.
Employees: 570
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
22% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 32
14% more call options, than puts
Call options by funds: $781K | Put options by funds: $683K
2% more funds holding
Funds holding: 101 [Q2] → 103 (+2) [Q3]
5.18% less ownership
Funds ownership: 40.38% [Q2] → 35.2% (-5.18%) [Q3]
10% less capital invested
Capital invested by funds: $126M [Q2] → $113M (-$12.4M) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
5%
upside
Avg. target
$14.67
10%
upside
High target
$15
13%
upside
3 analyst ratings
0 positive
0%
3 neutral
100%
0 negative
0%
B. Riley Securities Bryce Rowe 75% 1-year accuracy 6 / 8 met price target | 5%upside $14 | Neutral Maintained | 19 Dec 2024 |
Piper Sandler Crispin Love 68% 1-year accuracy 21 / 31 met price target | 13%upside $15 | Neutral Maintained | 11 Nov 2024 |
Keefe, Bruyette & Woods Timothy Switzer 82% 1-year accuracy 18 / 22 met price target | 13%upside $15 | Market Perform Reiterated | 8 Nov 2024 |
Financial journalist opinion
Based on 3 articles about NEWT published over the past 30 days
Positive
Zacks Investment Research
3 weeks ago
What Makes NewtekOne (NEWT) a New Buy Stock
NewtekOne (NEWT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Seeking Alpha
3 weeks ago
NewtekOne: Bank Conversion Progressing Well
NewtekOne's business model involves issuing loans, selling guaranteed portions, and securitizing unguaranteed portions, generating revenue via a high-risk, high-reward business model. Despite consistent 10% annual loan issuance growth, NewtekOne's valuation remains low at 7.5 P/E due to its unique business model and economic risk exposures. Transitioning to a bank holding company aims to reduce reliance on expensive notes and bonds, to leverage deposits to improve interest margins.
Neutral
Seeking Alpha
4 weeks ago
NewtekOne, Inc. (NEWT) Mergers & Acquisitions Call Transcript
NewtekOne, Inc. (NASDAQ:NEWT ) Mergers & Acquisitions Conference Call January 2, 2025 4:15 PM ET Company Participants Barry Sloane - CEO and Chairman Jason Katz - CEO and Chairman, Paltalk IPM Conference Call Participants Harold Elish - UBS Financial Services Crispin Love - Piper Sandler Steve Moss - Raymond James Allen Klee - Maxim Group Christopher Nolan - Landenburg Thalmann & Company Bryce Rowe - B. Riley Nicholas Bruno - Raymond James Tim Switzer - KBW Operator Good day, and thank you for standing by.
Neutral
GlobeNewsWire
1 month ago
NewtekOne, Inc. and Paltalk, Inc. To Hold Conference Call on January 2, 2025, To Discuss the Anticipated January 2, 2025 Closing of the Divestiture of Newtek Technology Solutions, Inc. to Paltalk, Inc.
BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) and Paltalk, Inc. (“Paltalk”) (Nasdaq: PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk's acquisition (the “Acquisition”) of Newtek Technology Solutions, Inc. (“NTS”). Earlier today, Paltalk announced that Paltalk's shareholders voted to approve proposals required to close the Acquisition, which closing is presently scheduled for January 2, 2025. As previously disclosed, in connection with NewtekOne's acquisition of Newtek Bank and transition to a financial holding company, NewtekOne made a commitment to the Board of Governors of the Federal Reserve System to divest or terminate the activities of NTS, which manages information technology hardware and software for approximately 17,000 customers.
Positive
Seeking Alpha
1 month ago
Low Leveraged NewtekOne Offers Very Undervalued 8.7% Baby Bond
We search all sectors for the most undervalued preferred stocks and baby bonds. This article presents NewtekOne's NEWTH baby bond, which, I believe, is by far the best baby bond among banks with its 8.7% yield to maturity. Not only is the yield the highest of any bank bond that I follow, but NewtekOne also has the best balance sheet of any bank that I follow.
Neutral
GlobeNewsWire
1 month ago
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024.
Neutral
GlobeNewsWire
1 month ago
Newtek Bank, N.A. and Apiture Honored for Most Effective Bank-Fintech Partnership in the IBSi Global FinTech Innovation Awards
Newtek Bank, N.A. Tripled Deposits in 2023 Using the Apiture Digital Banking Platform Newtek Bank, N.A. Tripled Deposits in 2023 Using the Apiture Digital Banking Platform
Neutral
GlobeNewsWire
1 month ago
NewtekOne, Inc. Forecasts Originating Approximately $1.4 Billion in Business Loans in 2024
In 2025, NewtekOne, Inc. Forecasts Originating Approximately $1.9 Billion in Business Loans In 2025, NewtekOne, Inc. Forecasts Originating Approximately $1.9 Billion in Business Loans
Neutral
Zacks Investment Research
2 months ago
Is the Options Market Predicting a Spike in NewtekOne (NEWT) Stock?
Investors need to pay close attention to NewtekOne (NEWT) stock based on the movements in the options market lately.
Neutral
GlobeNewsWire
2 months ago
Newtek Bank, N.A. Launches Newtek Zero-Fee Business Banking™
Goal is to Attract Business Deposits with Full Transparency, Trust, and Low Cost Goal is to Attract Business Deposits with Full Transparency, Trust, and Low Cost
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