NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Purchases 10,000 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 10,000 shares of NewtekOne stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $11.61 per share, for a total transaction of $116,100.00. Following the acquisition, the chief executive officer now directly owns 1,180,459 shares of the company’s stock, valued at $13,705,128.99. The trade was a 0.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NewtekOne Stock Performance

NEWT stock opened at $11.19 on Thursday. The firm has a market cap of $294.77 million, a P/E ratio of 6.25 and a beta of 1.26. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The stock’s 50 day simple moving average is $11.07 and its 200 day simple moving average is $12.52. 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 (NASDAQ:NEWT) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. As a group, equities research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.79%. NewtekOne’s dividend payout ratio (DPR) is presently 39.58%.

Analyst Ratings Changes

NEWT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of NewtekOne from $15.00 to $13.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. Compass Point raised their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of NewtekOne during the first quarter worth approximately $1,877,000. Bank of New York Mellon Corp grew its stake in shares of NewtekOne by 68.3% in the fourth quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider’s stock worth $3,563,000 after purchasing an additional 113,261 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NewtekOne by 308.9% during the fourth quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 105,397 shares during the period. Wellington Management Group LLP increased its holdings in shares of NewtekOne by 66.2% during the fourth quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider’s stock valued at $3,239,000 after purchasing an additional 100,989 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of NewtekOne during the fourth quarter valued at about $1,125,000. 38.35% of the stock is owned by institutional investors and hedge funds.

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.