NewtekOne, Inc. (NASDAQ:NEWT) CEO Purchases $44,250.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 3,000 shares of NewtekOne stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $14.75 per share, with a total value of $44,250.00. Following the purchase, the chief executive officer now owns 1,161,855 shares in the company, valued at $17,137,361.25. The trade was a 0.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, September 23rd, Barry Sloane acquired 40,134 shares of NewtekOne stock. The stock was acquired at an average cost of $11.75 per share, with a total value of $471,574.50.

NewtekOne Price Performance

Shares of NASDAQ:NEWT opened at $14.40 on Friday. The business’s 50 day moving average is $13.36 and its 200-day moving average is $13.04. 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 firm has a market capitalization of $378.86 million, a PE ratio of 8.04 and a beta of 1.29. NewtekOne, Inc. has a 1-year low of $10.07 and a 1-year high of $15.49.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The company had revenue of $83.12 million during the quarter, compared to analysts’ expectations of $61.76 million. During the same quarter in the prior year, the company posted $0.38 EPS. Sell-side analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were paid a $0.19 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 5.28%. NewtekOne’s dividend payout ratio is currently 42.46%.

Hedge Funds Weigh In On NewtekOne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in NewtekOne by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock worth $15,055,000 after acquiring an additional 17,505 shares in the last quarter. Geode Capital Management LLC raised its stake in NewtekOne by 4.0% during the third quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider’s stock worth $7,149,000 after acquiring an additional 22,167 shares in the last quarter. State Street Corp raised its stake in NewtekOne by 1.0% during the third quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after acquiring an additional 4,595 shares in the last quarter. Marshall Wace LLP raised its stake in NewtekOne by 200.3% during the second quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after acquiring an additional 180,468 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in NewtekOne by 27.2% during the second quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock worth $2,397,000 after acquiring an additional 40,738 shares in the last quarter. Institutional investors own 38.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $13.00 in a report on Wednesday, September 4th. Piper Sandler raised their target price on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price objective (up previously from $13.00) on shares of NewtekOne in a research note on Friday, November 8th.

NewtekOne Company Profile

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.