NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane Buys 40,134 Shares

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

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

• On Wednesday, August 14th, Barry Sloane bought 6,649 shares of NewtekOne stock. The shares were purchased at an average cost of $12.13 per share, with a total value of $80,652.37.

NewtekOne Trading Up 0.5 %

Shares of NEWT stock traded up $0.06 during trading hours on Tuesday, hitting $11.93. 61,710 shares of the company were exchanged, compared to its average volume of 157,774. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.42. NewtekOne, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $15.75. The company has a 50 day simple moving average of $12.67 and a two-hundred day simple moving average of $12.34. The firm has a market cap of $295.08 million, a P/E ratio of 7.66 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results 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. NewtekOne had a net margin of 14.94% and a return on equity of 18.99%. The business had revenue of $81.37 million during the quarter, compared to analysts’ expectations of $59.68 million. During the same period last year, the company posted $0.26 earnings per share. Equities analysts anticipate that NewtekOne, Inc. will post 1.9 EPS for the current year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors 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 yield of 6.37%. The ex-dividend date of this dividend is Thursday, October 10th. NewtekOne’s dividend payout ratio (DPR) is currently 49.03%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of NewtekOne during the fourth quarter worth approximately $155,000. Cape Investment Advisory Inc. bought a new stake in NewtekOne during the 4th quarter valued at $89,000. Ridgewood Investments LLC raised its holdings in NewtekOne by 15.4% during the first quarter. Ridgewood Investments LLC now owns 52,485 shares of the business services provider’s stock worth $577,000 after buying an additional 7,000 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of NewtekOne by 2.9% in the first quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock valued at $520,000 after buying an additional 1,344 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of NewtekOne by 124.5% in the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock valued at $158,000 after buying an additional 7,961 shares in the last quarter. 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.