Insider Buying: NewtekOne, Inc. (NASDAQ:NEWT) Director Purchases 2,000 Shares of Stock

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

NewtekOne Trading Down 0.2%

Shares of NASDAQ NEWT traded down $0.02 during midday trading on Friday, reaching $11.20. 184,547 shares of the stock were exchanged, compared to its average volume of 191,216. The stock has a 50 day moving average price of $11.01 and a 200-day moving average price of $12.48. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market capitalization of $295.03 million, a P/E ratio of 6.26 and a beta of 1.26. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49.

NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $63.15 million. Equities research analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is currently 39.58%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NEWT. Tower Research Capital LLC TRC lifted its holdings in NewtekOne by 199.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock worth $33,000 after acquiring an additional 1,703 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NewtekOne in the fourth quarter valued at $55,000. Nisa Investment Advisors LLC boosted its position in shares of NewtekOne by 137.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock valued at $56,000 after purchasing an additional 2,500 shares in the last quarter. Aquatic Capital Management LLC grew its position in NewtekOne by 66.2% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after buying an additional 2,184 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of NewtekOne during the first quarter valued at $123,000. 38.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on NEWT. Keefe, Bruyette & Woods cut their price objective on 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 boosted their price objective on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th.

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.