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

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Craig Jeffry Brunet bought 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $10,940.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $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 accessible through this hyperlink.

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

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

NewtekOne Trading Down 1.2%

NASDAQ NEWT traded down $0.13 during trading on Thursday, hitting $11.06. 36,694 shares of the company's stock traded hands, compared to its average volume of 190,395. The stock has a fifty day moving average of $11.07 and a two-hundred day moving average of $12.52. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The firm has a market cap of $291.34 million, a P/E ratio of 6.17 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to analyst estimates of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. As a group, sell-side analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend was Tuesday, April 15th. NewtekOne's payout ratio is currently 39.58%.

Hedge Funds Weigh In On NewtekOne

A number of institutional investors and hedge funds have recently made changes to their positions in NEWT. Barclays PLC grew its position in NewtekOne by 285.2% in the 3rd quarter. Barclays PLC now owns 30,201 shares of the business services provider's stock worth $376,000 after purchasing an additional 22,360 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NewtekOne by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,120 shares of the business services provider's stock worth $425,000 after acquiring an additional 16,596 shares during the last quarter. Bailard Inc. bought a new stake in shares of NewtekOne during the 4th quarter valued at $257,000. American Century Companies Inc. increased its stake in NewtekOne by 116.6% in the 4th quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock worth $1,435,000 after buying an additional 60,518 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in NewtekOne in the 4th quarter worth $432,000. Institutional investors own 38.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NEWT shares. Compass Point increased their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Keefe, Bruyette & Woods reduced their target price on NewtekOne from $15.00 to $13.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th.

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.