Raymond James downgraded Newtek Business Services from Market Perform to Underperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $16.00 → $13.00 | Buy → Neutral | B. Riley Securities |
| 5/19/2023 | $15.00 | Buy | B. Riley Securities |
| 2/22/2023 | Neutral | Piper Sandler | |
| 8/8/2022 | Underperform → Mkt Perform | Raymond James | |
| 8/4/2021 | Market Perform → Underperform | Raymond James | |
| 8/3/2021 | Mkt Perform → Underperform | Raymond James |
4 - NewtekOne, Inc. (0001587987) (Issuer)
4 - NewtekOne, Inc. (0001587987) (Issuer)
4 - NewtekOne, Inc. (0001587987) (Issuer)
B. Riley Securities downgraded Newtek from Buy to Neutral and set a new price target of $13.00 from $16.00 previously
B. Riley Securities initiated coverage of Newtek with a rating of Buy and set a new price target of $15.00
Piper Sandler initiated coverage of Newtek with a rating of Neutral
5 - NewtekOne, Inc. (0001587987) (Issuer)
4 - NewtekOne, Inc. (0001587987) (Issuer)
5 - NewtekOne, Inc. (0001587987) (Issuer)
BOCA RATON, Fla., June 25, 2025 (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 July 21, 2025, to shareholders of record as of July 9, 2025. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide r
BOCA RATON, Fla., June 18, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that its consolidated subsidiary, Newtek ALP Holdings, amended and upsized its revolving credit facility with Deutsche Bank AG ("DB"), which facility is employed to fund the origination of Alternative Loan Program ("ALP") loans before they are placed into securitizations. The amendment provides for, among other things, a facility increase to $170 million. DB has been an ALP warehouse lender to the Company since 2019. As previously reported on April 23, the Company closed a $184 million securitization backed by $216 million of ALP loans, which represented the Company's third ass
BOCA RATON, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) will report its second quarter 2025 financial results after the market closes on Monday, July 28, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, Frank DeMaria, Chief Financial Officer of NewtekOne, and M. Scott Price, Chief Financial Officer of Newtek Bank, N.A., at 4:30 pm ET on Monday, July 28, 2025. Barry Sloane, Chairman, President, and Chief Executive Officer, commented, "We look forward to reporting second quarter financial results on July 28, which we expect will show continued progress of our business plan. In addition, we are
144 - NewtekOne, Inc. (0001587987) (Subject)
8-K - NewtekOne, Inc. (0001587987) (Filer)
144 - NewtekOne, Inc. (0001587987) (Subject)
BOCA RATON, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that its payment processing subsidiary Newtek Merchant Solutions ("NMS") has hired John O'Connor as Chief Revenue Officer. Initially, Mr. O'Connor will support NMS's efforts to make its merchant processing clients aware of the vast array of business and financial solutions offered by NewtekOne and its subsidiaries, including business checking and savings accounts with no fees and attractive interest rates. Most recently, Mr. O'Connor was chief growth officer for Nationwide TFS, LLC, a financial technology company and the largest electronic payments provider for the Chapter 13
BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that Newtek Bank. N.A., the Company's bank subsidiary, has hired Vaibhav "Vik" Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank's execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in investment banking, financial services, and consulting, Vik brings a wealth of knowledge, experience, and contacts to Newtek Bank. Most recently, Mr. Mahajan
BOCA RATON, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT) announced today the appointment of Craig "CJ" Brunet as a member of the boards of directors of NewtekOne, Inc. and Newtek Bank N.A. Mr. Brunet's career spans over 50 years with his experience rooted in the information technology and financial services sectors with specific focus in strategic planning, mergers and acquisitions, Software as a Service (SaaS), patent commercialization, cyber security, compliance, and risk management. He is currently the President and Chief Operating Officer at Advanced Cyber Security Corp, a strategic cyber security corporation focused on preventative, patented encryption techno
BOCA RATON, Fla., June 25, 2025 (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 July 21, 2025, to shareholders of record as of July 9, 2025. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide r
BOCA RATON, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) will report its second quarter 2025 financial results after the market closes on Monday, July 28, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, Frank DeMaria, Chief Financial Officer of NewtekOne, and M. Scott Price, Chief Financial Officer of Newtek Bank, N.A., at 4:30 pm ET on Monday, July 28, 2025. Barry Sloane, Chairman, President, and Chief Executive Officer, commented, "We look forward to reporting second quarter financial results on July 28, which we expect will show continued progress of our business plan. In addition, we are
BOCA RATON, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) reports its financial and operating results for the three months ended March 31, 2025 ("1Q25"). "In a challenging and fluid economic environment, we are extremely pleased to post solid quarterly results that include diluted earnings per share ("EPS") of $0.35, ahead of the guidance range we presented to the market in late February," said Barry Sloane, CEO, President and Chairman. "We continue to put up strong balance sheet and tangible book value per share growth and above average profitability. Our ability to generate $0.35 per diluted share of earnings despite a heavier loan loss provisi
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