NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Buys 2,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) CEO Barry Sloane acquired 2,000 shares of the stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of $10.39 per share, for a total transaction of $20,780.00. Following the acquisition, the chief executive officer now owns 1,202,459 shares in the company, valued at $12,493,549.01. The trade was a 0.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 29th, Barry Sloane bought 10,000 shares of NewtekOne stock. The shares were bought at an average cost of $10.86 per share, with a total value of $108,600.00.
• On Monday, May 19th, Barry Sloane purchased 10,000 shares of NewtekOne stock. The stock was purchased at an average cost 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 purchased at an average cost of $11.61 per share, with a total value of $116,100.00.

NewtekOne Stock Performance

NEWT stock traded up $0.01 on Monday, reaching $10.39. 47,343 shares of the company were exchanged, compared to its average volume of 191,539. The firm has a market capitalization of $273.67 million, a PE ratio of 5.41 and a beta of 1.22. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49. The stock's fifty day moving average price is $10.65 and its 200 day moving average price is $11.88. The company has a debt-to-equity ratio of 6.16, a current ratio of 0.72 and a quick ratio of 0.72.

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, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a net margin of 14.34% and a return on equity of 18.81%. On average, research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 yield of 7.31%. NewtekOne's dividend payout ratio is 39.58%.

Analysts Set New Price Targets

NEWT has been the subject of a number of recent 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 report on Thursday, May 8th. 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.

Hedge Funds Weigh In On NewtekOne

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of 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 purchasing an additional 1,703 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of NewtekOne in the fourth quarter valued at $55,000. Aquatic Capital Management LLC lifted 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 purchasing an additional 2,184 shares during the period. EP Wealth Advisors LLC bought a new position in NewtekOne in the first quarter worth $123,000. Finally, XTX Topco Ltd acquired a new stake in NewtekOne during the first quarter worth $126,000. 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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