Added to YB: 2024-10-16
Pitch date: 2024-10-16
NEWT [bullish]
NewtekOne, Inc.
+2.01%
current return
Author Info
@ArmsGarrett is a a research analyst and portfolio manager whoe stock pitches on Twitter. Follow on Twitter
Company Info
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.
Market Cap
$336.8M
Pitch Price
$12.93
Price Target
20.00 (+52%)
Dividend
5.55%
Sector
Financial Services
Category
growth
NewtekOne Targets $20+ Price with Strong ROE and 10x EPS Valuation
NEWT: SBA lending leader at 7x 2024E EPS. 7(a) loans: 75% govt guaranteed, 11% gain-on-sale. High ROE (40%+), growing volumes. Misunderstood: GOS viewed as low quality, but recurring. 504 loans, payments biz, ALP growing. 22.7% ROE baseline, 24-28% potential. NIM improving, funding optimizing. $20+ PT (10x EPS).
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