NewtekOne, Inc. (NASDAQ:NEWT) CEO Buys $471,574.50 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 40,134 shares of NewtekOne stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $11.75 per share, with a total value of $471,574.50. Following the acquisition, the chief executive officer now directly owns 1,187,457 shares of the company’s stock, valued at $13,952,619.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 14th, Barry Sloane acquired 6,649 shares of NewtekOne stock. The stock was bought at an average cost of $12.13 per share, for a total transaction of $80,652.37.

NewtekOne Stock Performance

Shares of NEWT stock opened at $11.91 on Friday. The firm has a market cap of $309.18 million, a PE ratio of 7.68 and a beta of 1.30. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.75. The company’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $12.34. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.96.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $81.37 million during the quarter, compared to the consensus estimate of $59.68 million. NewtekOne had a net margin of 14.94% and a return on equity of 18.99%. During the same period in the prior year, the business posted $0.26 EPS. Equities research analysts expect that NewtekOne, Inc. will post 1.9 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, October 10th. NewtekOne’s dividend payout ratio is currently 49.03%.

Institutional Investors Weigh In On NewtekOne

Large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors increased its holdings in NewtekOne by 2.9% during the first quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock worth $520,000 after buying an additional 1,344 shares during the last quarter. Rhumbline Advisers grew its position in shares of NewtekOne by 12.0% in the 2nd quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 3,617 shares during the period. International Assets Investment Management LLC acquired a new position in shares of NewtekOne during the 2nd quarter worth about $62,000. Cape Investment Advisory Inc. bought a new stake in shares of NewtekOne in the 4th quarter valued at about $89,000. Finally, Bank of New York Mellon Corp lifted its stake in NewtekOne by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,053 shares of the business services provider’s stock valued at $2,314,000 after purchasing an additional 6,640 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley downgraded NewtekOne from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $13.00 in a research note on Wednesday, September 4th.

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.