NewtekOne (NASDAQ:NEWT) Director Gregory Zink Purchases 1,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory Zink purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $13.87 per share, for a total transaction of $13,870.00. Following the purchase, the director directly owned 36,085 shares in the company, valued at approximately $500,498.95. The trade was a 2.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NewtekOne Trading Down 4.3%

Shares of NEWT opened at $13.66 on Tuesday. The company has a debt-to-equity ratio of 6.41, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $393.82 million, a P/E ratio of 6.02 and a beta of 1.28. The company has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $12.03. NewtekOne, Inc. has a 1 year low of $9.59 and a 1 year high of $14.91.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $88.18 million for 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 19.43%. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 24th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, March 24th. NewtekOne’s payout ratio is currently 33.48%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NEWT shares. Piper Sandler lifted their price target on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. 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. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Institutional Trading of NewtekOne

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of NewtekOne in the 3rd quarter worth about $46,000. Quantbot Technologies LP bought a new stake in shares of NewtekOne in the 2nd quarter worth about $107,000. Dumont & Blake Investment Advisors LLC bought a new stake in shares of NewtekOne in the 1st quarter worth about $118,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NewtekOne in the 3rd quarter worth about $150,000. Finally, Cerity Partners LLC grew its holdings in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

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.