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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 3,000 shares of NewtekOne stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of $14.75 per share, for a total transaction of $44,250.00. Following the transaction, the chief executive officer now owns 1,161,855 shares of the company’s stock, valued at approximately $17,137,361.25. The trade was a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, September 23rd, Barry Sloane purchased 40,134 shares of NewtekOne stock. The stock was acquired at an average price of $11.75 per share, for a total transaction of $471,574.50.

NewtekOne Trading Up 0.2 %

NEWT stock opened at $14.40 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a twelve month low of $10.07 and a twelve month high of $15.49. The stock has a market capitalization of $378.86 million, a price-to-earnings ratio of 8.04 and a beta of 1.29. The firm’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $13.03.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The business had revenue of $83.12 million for the quarter, compared to analysts’ expectations of $61.76 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, October 10th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. NewtekOne’s dividend payout ratio (DPR) is 42.46%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEWT. B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price target on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 1,835 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of NewtekOne during the second quarter valued at $62,000. nVerses Capital LLC boosted its stake in shares of NewtekOne by 96.7% during the third quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 2,900 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of NewtekOne by 36.1% during the third quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 2,002 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of NewtekOne during the third quarter valued at $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.