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 NewtekOne stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $10.39 per share, with a total value of $20,780.00. Following the completion of the purchase, the chief executive officer now owns 1,202,459 shares in the company, valued at approximately $12,493,549.01. This represents a 0.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

NewtekOne Stock Up 2.8%

Shares of NewtekOne stock traded up $0.30 during midday trading on Thursday, reaching $11.18. 107,698 shares of the company's stock traded hands, compared to its average volume of 191,876. The company has a market cap of $294.48 million, a price-to-earnings ratio of 5.82 and a beta of 1.22. NewtekOne, Inc. has a 52 week low of $9.12 and a 52 week high of $15.49. The company's 50 day simple moving average is $10.69 and its 200 day simple moving average is $11.84. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.72 and a current ratio of 0.72.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. NewtekOne had a return on equity of 18.81% and a net margin of 14.34%. The company had revenue of $66.33 million for the quarter, compared to analyst estimates of $63.15 million. Equities analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Wednesday, July 9th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $0.76 annualized dividend and a yield of 6.80%. NewtekOne's dividend payout ratio (DPR) is currently 39.58%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Compass Point lifted their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods cut their price target on NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th.

Institutional Investors Weigh In On NewtekOne

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of 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 valued at $33,000 after purchasing an additional 1,703 shares during the period. Quantbot Technologies LP bought a new position in NewtekOne in the 4th quarter worth $55,000. Aquatic Capital Management LLC lifted its position in 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 acquiring an additional 2,184 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in NewtekOne during the 1st quarter worth $123,000. Finally, XTX Topco Ltd bought a new stake in NewtekOne during the first quarter valued at about $126,000. Institutional investors 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.