NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Buys 10,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) CEO Barry Sloane purchased 10,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of $10.86 per share, with a total value of $108,600.00. Following the transaction, the chief executive officer now directly owns 1,200,459 shares in the company, valued at approximately $13,036,984.74. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, May 19th, Barry Sloane purchased 10,000 shares of NewtekOne stock. The stock was bought at an average price of $11.23 per share, for a total transaction of $112,300.00.
• On Tuesday, May 13th, Barry Sloane acquired 10,000 shares of NewtekOne stock. The shares were bought at an average price of $11.61 per share, with a total value of $116,100.00.

NewtekOne Stock Down 1.5%

NASDAQ:NEWT traded down $0.16 during mid-day trading on Monday, hitting $10.69. 463,566 shares of the company's stock traded hands, compared to its average volume of 228,202. The company has a fifty day moving average of $10.74 and a 200 day moving average of $12.25. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. NewtekOne, Inc. has a twelve month low of $9.12 and a twelve month high of $15.49. The company has a market capitalization of $281.60 million, a P/E ratio of 5.97 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, April 15th. This represents a $0.76 annualized dividend and a dividend yield of 7.11%. NewtekOne's payout ratio is currently 39.58%.

Wall Street Analysts Forecast Growth

NEWT has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price target 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 increased their target price on shares of NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th.

Institutional Investors Weigh In On NewtekOne

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in NewtekOne by 199.4% during the 4th 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 period. Quantbot Technologies LP purchased a new position in shares of NewtekOne in the fourth quarter worth about $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock worth $56,000 after purchasing an additional 2,500 shares during the period. Aquatic Capital Management LLC boosted 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 valued at $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 in the 1st quarter valued at $123,000. 38.35% of the stock is owned by hedge funds and other institutional investors.

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.