B. Riley Securities downgraded Newtek from Buy to Neutral and set a new price target of $13.00 from $16.00 previously
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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 |
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
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that it has closed a $184 million securitization backed by $216 million of Alternative Loan Program ("ALP") loans. This securitization, NALP Business Loan Trust 2025-1, represents the Company's third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company's 16th rated securitization. All of the Company's prior securitizations have maintained their initial investment-grade ratings or been upgraded. Pursuant to the securitization, the Company sold $155,930,000 of Class A Notes, $23,820,000 of C
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
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
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that it has closed a $184 million securitization backed by $216 million of Alternative Loan Program ("ALP") loans. This securitization, NALP Business Loan Trust 2025-1, represents the Company's third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company's 16th rated securitization. All of the Company's prior securitizations have maintained their initial investment-grade ratings or been upgraded. Pursuant to the securitization, the Company sold $155,930,000 of Class A Notes, $23,820,000 of C
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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