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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $12.95 per share, for a total transaction of $38,850.00. Following the completion of the purchase, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. This trade represents a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

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

NewtekOne Price Performance

NASDAQ:NEWT traded up $0.21 during trading hours on Monday, hitting $12.91. The stock had a trading volume of 99,854 shares, compared to its average volume of 157,885. The company has a 50 day simple moving average of $13.83 and a two-hundred day simple moving average of $13.08. The firm has a market capitalization of $339.60 million, a price-to-earnings ratio of 7.21 and a beta of 1.30. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne, Inc. has a one year low of $10.07 and a one year high of $15.49.

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

NewtekOne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, December 31st. NewtekOne’s dividend payout ratio (DPR) is 42.46%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of NewtekOne

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of NewtekOne by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider’s stock valued at $7,149,000 after purchasing an additional 22,167 shares during the last quarter. State Street Corp raised its stake in shares of NewtekOne by 1.0% during the third quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after acquiring an additional 4,595 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of NewtekOne by 200.3% in the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after acquiring an additional 180,468 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NewtekOne by 27.2% in the 2nd quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 40,738 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of NewtekOne by 3.7% during 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. Hedge funds and other 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.