B. Riley analyst Bryce Rowe lowered the firm’s price target on NewtekOne to $18 from $19 and keeps a Buy rating on the shares. NewtekOne’s Q4 was another quarter of impressive profitability, but its 6.5x P/E vs. peer P/E approaching 11x fails to reflect its superior profitability, the analyst tells investors in a research note.
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Read More on NEWT:
- NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
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