NewtekOne, Inc. (NASDAQ:NEWT) Director Acquires $10,940.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Craig Jeffry Brunet purchased 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $10,940.00. Following the purchase, the director now directly owns 2,500 shares of the company's stock, valued at $27,350. This trade represents a 66.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Craig Jeffry Brunet also recently made the following trade(s):

• On Thursday, March 20th, Craig Jeffry Brunet acquired 500 shares of NewtekOne stock. The stock was acquired at an average price of $12.48 per share, for a total transaction of $6,240.00.

NewtekOne Stock Down 0.2%

NEWT stock traded down $0.02 during mid-day trading on Friday, hitting $11.20. 184,547 shares of the company were exchanged, compared to its average volume of 191,554. NewtekOne, Inc. has a 1-year low of $9.12 and a 1-year high of $15.49. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The firm's 50 day simple moving average is $11.01 and its 200 day simple moving average is $12.48. The firm has a market cap of $295.03 million, a P/E ratio of 6.26 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT - Get Free Report) last released its earnings results on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $66.33 million for the quarter, compared to analysts' expectations of $63.15 million. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. On average, sell-side analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Compass Point upped their price target on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NEWT. Cambridge Investment Research Advisors Inc. grew its stake in shares of NewtekOne by 8.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider's stock valued at $153,000 after buying an additional 980 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NewtekOne by 8.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after acquiring an additional 1,081 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of NewtekOne by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,703 shares during the period. Aquatic Capital Management LLC increased its stake in shares of NewtekOne by 66.2% during the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of NewtekOne by 137.7% in 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 during the period. 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.