Stock fact sheet · data as of
NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP): fair value, margin of safety and Wheel Score
Ticker symbol NEWTP · Financial Services · Banks - Regional · United States · Depositary preferred shares · Fund / Note
NEWTP is not NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B's common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as NEWT (common stock).
Is NEWTP undervalued?
NEWTP has a margin of safety of 74%: the stock closed at 23.90 on 5 Nov 2026 against a GLS average fair value of 92.66. 5 of the 7 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 7 models disagree widely: DDM gives 11.18 while GLS Growth gives 245.92. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
NEWTP looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for NEWTP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 123.74 | +418% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 23.52 | -2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 143.36 | +500% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 56.24 | +135% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 245.92 | +929% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 11.18 | -53% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 44.63 | +87% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -142.90 | -698% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: NEWTP passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. There is no GLS Moat score for NEWTP: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 5.0%, ROE 15.2%, ROA 2.2% - with debt at 2.07 times equity and negative free cash flow. Debt of 2.07 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 6.90% (payout ratio 52%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 5.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 15.2% |
| Debt / equity | 2.07 | ROA | 2.2% |
| Free-cash-flow yield | -177.6% | Payout ratio | 52% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 23: No options
NEWTP has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (23 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 6k shares a day on a market cap of $334M, with a beta of 1.35 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $334M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 74% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 1.35, $334M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B reports earnings on 9 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CSHX Cashmere Valley Bank | 90.44 | 123.28 | +27% | 34No options | $336M |
| CBNA Chain Bridge Bancorp, Inc. | 51.17 | 135.25 | +62% | 32No options | $336M |
| FBIP FNB Bancorp, Inc. | 51.65 | 31.32 | -65% | 20No options | $333M |
| JMSB John Marshall Bancorp, Inc. | 23.55 | 34.34 | +31% | 51Fair | $332M |
| SNLC Security National Corporation | 201.99 | 282.72 | +29% | 34No options | $331M |
| NASB NASB Financial, Inc. | 46.50 | 62.87 | +26% | 33No options | $331M |
| MVBF MVB Financial Corp. | 26.01 | 41.22 | +37% | 47Weak | $338M |
| BCML BayCom Corp | 31.41 | 24.10 | -30% | 34Weak | $343M |
| COSO CoastalSouth Bancshares, Inc. | 28.75 | 48.39 | +41% | 33No options | $344M |
| BFCC BankFirst Capital Corporation | 64.97 | 105.15 | +38% | 35No options | $344M |
| LRBI Lake Ridge Bancorp Inc. | 164.50 | 199.60 | +18% | 28No options | $324M |
| FRAF Franklin Financial Services Corporation | 71.39 | 113.02 | +37% | 33No options | $321M |
⚖ Compare NEWTP with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about NEWTP
Is NEWTP the same as NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B stock?
No. NEWTP is not NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B's common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as NEWT (common stock).
Is NEWTP undervalued right now?
By the GLS models, yes: at 23.90 the stock is 74% below the average fair value of 92.66 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NEWTP and what does it mean?
NEWTP has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for NEWTP?
92.66 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B report earnings next?
The next earnings report is due on 9 Nov 2026 (after the close), 4 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does NEWTP have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NEWTP, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.