NewtekOne (NASDAQ:NEWT) Director Acquires 1,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) Director Craig Jeffry Brunet purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $12.70 per share, for a total transaction of $12,700.00. Following the acquisition, the director owned 7,185 shares in the company, valued at approximately $91,249.50. This trade represents a 16.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Craig Jeffry Brunet also recently made the following trade(s):

• On Friday, May 15th, Craig Jeffry Brunet acquired 330 shares of NewtekOne stock. The stock was acquired at an average price of $12.72 per share, for a total transaction of $4,197.60.

NewtekOne Price Performance

Shares of NASDAQ NEWT opened at $12.65 on Thursday. The firm’s 50-day moving average is $12.62 and its two-hundred day moving average is $12.37. The company has a market capitalization of $365.08 million, a PE ratio of 5.57 and a beta of 1.29. NewtekOne, Inc. has a 12-month low of $9.59 and a 12-month high of $14.91.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, analysts forecast that NewtekOne, Inc. will post 2.38 EPS for the current fiscal year.

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.76 annualized dividend and a dividend yield of 6.0%. NewtekOne’s dividend payout ratio (DPR) is currently 33.48%.

Hedge Funds Weigh In On NewtekOne

A number of hedge funds have recently made changes to their positions in NEWT. Advisory Services Network LLC purchased a new stake in NewtekOne during the 3rd quarter worth $46,000. Quantbot Technologies LP acquired a new position in shares of NewtekOne during the second quarter worth about $107,000. Dumont & Blake Investment Advisors LLC acquired a new position in shares of NewtekOne during the first quarter worth about $118,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NewtekOne in the third quarter worth about $150,000. Finally, Cerity Partners LLC grew its stake in shares of NewtekOne by 18.0% in the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after buying an additional 2,095 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Piper Sandler boosted their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium?sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.