Gregory Zink Purchases 1,000 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory Zink bought 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $10.43 per share, for a total transaction of $10,430.00. Following the completion of the transaction, the director directly owned 37,207 shares of the company’s stock, valued at $388,069.01. This trade represents a 2.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

NewtekOne Stock Down 0.6%

Shares of NewtekOne stock opened at $10.34 on Tuesday. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. The firm has a market capitalization of $272.17 million, a PE ratio of 4.64 and a beta of 1.26. The stock’s fifty day moving average is $11.47 and its 200-day moving average is $11.27.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. NewtekOne had a return on equity of 20.89% and a net margin of 15.59%.The company had revenue of $74.94 million for the quarter, compared to analysts’ expectations of $78.31 million. Equities analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Tuesday, October 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, October 14th. NewtekOne’s payout ratio is currently 34.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NewtekOne in a report on Wednesday, October 8th. B. Riley assumed coverage on shares of NewtekOne in a report on Monday, September 15th. They set a “buy” rating and a $18.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.00 price objective (up previously from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. Finally, Piper Sandler upped their price objective on shares of NewtekOne from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, NewtekOne currently has an average rating of “Hold” and an average price target of $14.25.

Institutional Trading of NewtekOne

Large investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of NewtekOne during the second quarter valued at approximately $29,000. IFP Advisors Inc boosted its stake in NewtekOne by 74.9% in the second quarter. IFP Advisors Inc now owns 6,776 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 2,901 shares during the last quarter. CWM LLC boosted its stake in NewtekOne by 728.7% in the second quarter. CWM LLC now owns 8,610 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 7,571 shares during the last quarter. Quantbot Technologies LP bought a new position in NewtekOne in the second quarter valued at approximately $107,000. Finally, EP Wealth Advisors LLC acquired a new stake in NewtekOne in the first quarter worth $123,000. 38.35% of the stock is 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.