NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Purchases 3,000 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 3,000 shares of NewtekOne stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $12.95 per share, for a total transaction of $38,850.00. Following the transaction, the chief executive officer now directly owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. The trade was a 0.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, November 26th, Barry Sloane purchased 3,000 shares of NewtekOne stock. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $44,250.00.

NewtekOne Price Performance

Shares of NEWT opened at $12.99 on Tuesday. The firm has a market capitalization of $341.70 million, a price-to-earnings ratio of 7.26 and a beta of 1.30. The stock’s fifty day moving average is $13.83 and its 200-day moving average is $13.08. NewtekOne, Inc. has a one year low of $10.07 and a one 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.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same period in the previous year, the firm earned $0.38 EPS. Equities analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Tuesday, December 31st. NewtekOne’s payout ratio is currently 42.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEWT. B. Riley increased their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of NewtekOne in the second quarter valued at $62,000. nVerses Capital LLC lifted its position in shares of NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 2,900 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock worth $94,000 after acquiring an additional 2,002 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of NewtekOne in the 3rd quarter worth $101,000. Institutional investors own 38.35% of the company’s stock.

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.