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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 3,000 shares of NewtekOne stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $44,250.00. Following the completion of the transaction, the chief executive officer now owns 1,161,855 shares of the company’s stock, valued at approximately $17,137,361.25. This represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were bought at an average price of $11.75 per share, for a total transaction of $471,574.50.

NewtekOne Stock Down 2.6 %

Shares of NEWT stock opened at $14.37 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. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $15.49. The firm’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $13.02. The firm has a market capitalization of $378.07 million, a P/E ratio of 8.03 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The firm had revenue of $83.12 million for the quarter, compared to analyst estimates of $61.76 million. During the same period in the previous year, the business earned $0.38 EPS. On average, equities analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEWT. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up from $13.00) on shares of NewtekOne in a report on Friday, November 8th. B. Riley lowered shares of NewtekOne from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.00 to $13.00 in a report on Wednesday, September 4th. Finally, Piper Sandler raised their price objective on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On NewtekOne

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NewtekOne by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock valued at $15,055,000 after buying an additional 17,505 shares during the period. Ancora Advisors LLC lifted its holdings in NewtekOne by 43.5% during the 1st quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider’s stock valued at $1,440,000 after purchasing an additional 39,659 shares during the last quarter. Bank of New York Mellon Corp boosted its position in NewtekOne by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 184,053 shares of the business services provider’s stock worth $2,314,000 after purchasing an additional 6,640 shares during the period. International Assets Investment Management LLC bought a new position in NewtekOne during the second quarter worth $62,000. Finally, Rhumbline Advisers increased its holdings in shares of NewtekOne by 12.0% in the second quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock valued at $423,000 after purchasing an additional 3,617 shares during the last quarter. 38.35% of the stock is owned by institutional investors.

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.