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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $14.75 per share, for a total transaction of $44,250.00. Following the acquisition, the chief executive officer now directly owns 1,161,855 shares of the company’s stock, valued at approximately $17,137,361.25. The trade was a 0.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, September 23rd, Barry Sloane bought 40,134 shares of NewtekOne stock. The shares were acquired at an average price of $11.75 per share, for a total transaction of $471,574.50.

NewtekOne Price Performance

Shares of NEWT opened at $14.40 on Friday. 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 stock has a market cap of $378.86 million, a P/E ratio of 8.04 and a beta of 1.29. The stock’s 50-day moving average price is $13.36 and its two-hundred day moving average price is $13.04.

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

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. NewtekOne’s dividend payout ratio (DPR) is currently 42.46%.

Wall Street Analysts Forecast Growth

NEWT has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. B. Riley cut NewtekOne from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $13.00 in a report on Wednesday, September 4th. Finally, Piper Sandler raised their price target on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On NewtekOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position in shares of NewtekOne by 200.3% during the second quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after purchasing an additional 180,468 shares during the period. Wellington Management Group LLP acquired a new stake in shares of NewtekOne during the third quarter worth about $1,902,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NewtekOne by 245.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,226 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 64,790 shares during the period. International Assets Investment Management LLC raised its position in shares of NewtekOne by 1,146.0% during the third quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock worth $761,000 after purchasing an additional 56,154 shares during the period. Finally, American Century Companies Inc. raised its position in shares of NewtekOne by 27.2% during the second quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 40,738 shares during the period. Institutional investors own 38.35% of the company’s stock.

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.