NewtekOne (NASDAQ:NEWT) CEO Buys $71,000.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $14.20 per share, for a total transaction of $71,000.00. Following the acquisition, the chief executive officer owned 1,181,914 shares in the company, valued at approximately $16,783,178.80. The trade was a 0.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Barry Sloane also recently made the following trade(s):

• On Monday, June 15th, Barry Sloane acquired 11,000 shares of NewtekOne stock. The shares were bought at an average cost of $14.21 per share, with a total value of $156,310.00.

NewtekOne Stock Up 2.2%

Shares of NewtekOne stock opened at $13.91 on Friday. NewtekOne, Inc. has a twelve month low of $9.59 and a twelve month high of $14.91. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.76. The company’s 50 day moving average is $13.18 and its 200 day moving average is $12.64. The company has a market cap of $401.44 million, a price-to-earnings ratio of 6.13 and a beta of 1.29.

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

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.76 annualized dividend and a dividend yield of 5.5%. NewtekOne’s payout ratio is presently 33.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NEWT. Segall Bryant & Hamill LLC grew its position in shares of NewtekOne by 126.0% during the 1st quarter. Segall Bryant & Hamill LLC now owns 63,433 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 35,369 shares during the period. Bank of America Corp DE raised its holdings in NewtekOne by 26.6% in the 1st quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider’s stock worth $717,000 after purchasing an additional 13,761 shares during the period. Quantinno Capital Management LP lifted its position in NewtekOne by 98.6% during the first quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider’s stock valued at $882,000 after purchasing an additional 39,990 shares in the last quarter. Bank of New York Mellon Corp lifted its position in NewtekOne by 36.1% during the first quarter. Bank of New York Mellon Corp now owns 138,506 shares of the business services provider’s stock valued at $1,517,000 after purchasing an additional 36,731 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in NewtekOne by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 1,209 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NEWT shares. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods boosted their price target on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

About NewtekOne

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.