NewtekOne, Inc. (NASDAQ:NEWT) CEO Buys $38,850.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 3,000 shares of NewtekOne stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $12.95 per share, with a total value of $38,850.00. Following the completion of the transaction, the chief executive officer now directly owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. The trade was a 0.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 26th, Barry Sloane acquired 3,000 shares of NewtekOne stock. The stock was bought at an average cost of $14.75 per share, with a total value of $44,250.00.

NewtekOne Trading Up 1.6 %

NEWT stock opened at $13.20 on Thursday. NewtekOne, Inc. has a one year low of $10.07 and a one year high of $15.49. The stock has a market cap of $347.23 million, a price-to-earnings ratio of 7.37 and a beta of 1.30. The company has a fifty day moving average price of $13.83 and a two-hundred day moving average price of $13.08. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The business had revenue of $83.12 million during the quarter, compared to the consensus estimate of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.76%. NewtekOne’s dividend payout ratio (DPR) is currently 42.46%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Piper Sandler upped their target price on shares of NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, B. Riley lifted their price target on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th.

Institutional Trading of NewtekOne

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in 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 period. International Assets Investment Management LLC acquired a new position in shares of NewtekOne in the second quarter valued at about $62,000. nVerses Capital LLC increased its position in NewtekOne by 96.7% during the third quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after acquiring an additional 2,900 shares during the period. Harbor Capital Advisors Inc. raised its stake in NewtekOne by 36.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock worth $94,000 after purchasing an additional 2,002 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in NewtekOne in the 3rd quarter worth about $101,000. 38.35% of the stock is currently owned by institutional investors.

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.