Barry Sloane Acquires 5,000 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $14.20 per share, with a total value of $71,000.00. Following the acquisition, the chief executive officer owned 1,181,914 shares in the company, valued at $16,783,178.80. The trade was a 0.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, June 15th, Barry Sloane acquired 11,000 shares of NewtekOne stock. The shares were bought at an average cost of $14.21 per share, for a total transaction of $156,310.00.

NewtekOne Trading Down 2.0%

Shares of NEWT stock opened at $13.72 on Tuesday. NewtekOne, Inc. has a 1 year low of $9.59 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $12.57. The company has a market cap of $395.96 million, a PE ratio of 6.04 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Research analysts predict that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

NewtekOne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NewtekOne’s payout ratio is presently 33.48%.

Institutional Trading of NewtekOne

A number of hedge funds and other institutional investors have recently bought and sold shares of NEWT. North Reef Capital Management LP bought a new position in NewtekOne in the third quarter worth approximately $4,430,000. GSA Capital Partners LLP bought a new stake in NewtekOne during the 4th quarter valued at $1,126,000. Huber Capital Management LLC bought a new stake in NewtekOne during the 4th quarter valued at $978,000. Bank of America Corp DE lifted its holdings in shares of NewtekOne by 26.6% in the 1st quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider’s stock worth $717,000 after buying an additional 13,761 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of NewtekOne by 98.6% during the 1st quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider’s stock worth $882,000 after buying an additional 39,990 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEWT. Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.