Gregory L. Zink Purchases 2,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink purchased 2,000 shares of NewtekOne stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $10.39 per share, for a total transaction of $20,780.00. Following the completion of the purchase, the director now owns 33,924 shares of the company’s stock, valued at $352,470.36. This trade represents a 6.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

NewtekOne Trading Up 3.9%

NASDAQ NEWT opened at $11.57 on Wednesday. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49. The stock has a market cap of $304.19 million, a P/E ratio of 6.46 and a beta of 1.26. The stock’s fifty day moving average price is $11.08 and its 200-day moving average price is $12.53. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The firm had revenue of $66.33 million for the quarter, compared to analysts’ expectations of $63.15 million. As a group, equities analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 annualized dividend and a yield of 6.57%. NewtekOne’s payout ratio is 39.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NEWT shares. Compass Point upped their price target on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Keefe, Bruyette & Woods cut their target price on NewtekOne from $15.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th.

Institutional Investors Weigh In On NewtekOne

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in NewtekOne by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock worth $33,000 after buying an additional 1,703 shares in the last quarter. Quantbot Technologies LP purchased a new position in NewtekOne in the fourth quarter worth about $55,000. Nisa Investment Advisors LLC boosted its position in NewtekOne by 137.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares during the last quarter. Aquatic Capital Management LLC boosted its position in NewtekOne by 66.2% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock worth $70,000 after purchasing an additional 2,184 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in NewtekOne in the first quarter worth about $126,000. 38.35% of the stock is currently owned by institutional investors.

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.