Gregory L. Zink Acquires 2,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Gregory L. Zink purchased 2,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $10.39 per share, with a total value of $20,780.00. Following the purchase, the director now owns 33,924 shares of the company's stock, valued at approximately $352,470.36. The trade was a 6.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NewtekOne Stock Performance

Shares of NewtekOne stock traded up $0.62 during midday trading on Monday, hitting $11.00. The company had a trading volume of 182,530 shares, compared to its average volume of 189,251. The company has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $12.55. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The stock has a market cap of $289.20 million, a price-to-earnings ratio of 6.19 and a beta of 1.26. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its 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 net margin of 14.92% and a return on equity of 18.73%. The company had revenue of $66.33 million for the quarter, compared to analysts' expectations of $63.15 million. As a group, analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 annualized dividend and a yield of 6.91%. NewtekOne's dividend payout ratio (DPR) is 39.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a report on Thursday. Compass Point upped their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th.

Hedge Funds Weigh In On NewtekOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in NewtekOne by 37.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,982 shares of the business services provider's stock valued at $1,901,000 after purchasing an additional 43,161 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of NewtekOne during the 1st quarter worth about $126,000. Royce & Associates LP raised its stake in NewtekOne by 16.2% during the first quarter. Royce & Associates LP now owns 520,035 shares of the business services provider's stock worth $6,220,000 after purchasing an additional 72,574 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in NewtekOne during the first quarter worth about $244,000. Finally, Segall Bryant & Hamill LLC acquired a new position in NewtekOne during the first quarter valued at approximately $1,877,000. Institutional investors and hedge funds own 38.35% of the company's stock.

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.

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