NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Purchases 3,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $14.75 per share, with a total value of $44,250.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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 purchased at an average cost of $11.75 per share, for a total transaction of $471,574.50.

NewtekOne Stock Performance

NEWT opened at $14.37 on Wednesday. The firm has a market cap of $378.07 million, a P/E ratio of 8.03 and a beta of 1.29. NewtekOne, Inc. has a 52-week low of $10.07 and a 52-week high of $15.49. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day moving average is $13.25 and its 200-day moving average is $13.02.

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

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Thursday, October 10th. NewtekOne’s dividend payout ratio (DPR) is currently 42.46%.

Institutional Trading of NewtekOne

Several large investors have recently modified their holdings of NEWT. FMR LLC lifted its position in shares of NewtekOne by 253.5% during the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after buying an additional 1,835 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of NewtekOne during the 2nd quarter worth $62,000. nVerses Capital LLC lifted its position in shares of NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after buying an additional 2,900 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock worth $94,000 after buying an additional 2,002 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of NewtekOne during the 3rd quarter worth $101,000. 38.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.