Craig Jeffry Brunet Purchases 1,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Craig Jeffry Brunet bought 1,000 shares of NewtekOne stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $10,940.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $27,350. This represents a 66.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 20th, Craig Jeffry Brunet bought 500 shares of NewtekOne stock. The shares were purchased at an average cost of $12.48 per share, for a total transaction of $6,240.00.

NewtekOne Stock Up 3.9%

Shares of NASDAQ:NEWT opened at $11.57 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $12.53. The firm has a market cap of $304.19 million, a PE ratio of 6.46 and a beta of 1.26. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to analyst estimates of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, equities research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.57%. NewtekOne’s dividend payout ratio (DPR) is presently 39.58%.

Institutional Trading of NewtekOne

A number of hedge funds and other institutional investors have recently made changes to their positions in NEWT. Tower Research Capital LLC TRC increased its stake in shares of NewtekOne by 199.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock worth $33,000 after buying an additional 1,703 shares during the last quarter. Quantbot Technologies LP bought a new stake in NewtekOne during the fourth quarter valued at $55,000. Nisa Investment Advisors LLC increased its stake in NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 2,500 shares during the last quarter. Aquatic Capital Management LLC increased its stake in NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 2,184 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in NewtekOne during the first quarter valued at $126,000. Institutional investors own 38.35% of the company’s stock.

Wall Street Analyst Weigh In

NEWT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of NewtekOne from $15.00 to $13.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. Compass Point boosted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th.

About NewtekOne

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. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.