Barry Sloane Purchases 5,000 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane purchased 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $14.20 per share, for a total transaction of $71,000.00. Following the completion of the transaction, the chief executive officer owned 1,181,914 shares of the company’s stock, valued at $16,783,178.80. This trade represents a 0.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 15th, Barry Sloane purchased 11,000 shares of NewtekOne stock. The shares were acquired at an average cost of $14.21 per share, for a total transaction of $156,310.00.

NewtekOne Price Performance

NASDAQ:NEWT opened at $13.61 on Thursday. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $14.91. The firm has a market cap of $392.78 million, a price-to-earnings ratio of 6.00 and a beta of 1.29. The firm’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $12.61. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The business had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, sell-side analysts predict that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is currently 33.48%.

Hedge Funds Weigh In On NewtekOne

Several hedge funds have recently bought and sold shares of NEWT. Advisory Services Network LLC bought a new position in NewtekOne in the 3rd quarter valued at about $46,000. Quantbot Technologies LP bought a new position in NewtekOne in the 2nd quarter valued at about $107,000. Dumont & Blake Investment Advisors LLC bought a new position in NewtekOne in the 1st quarter valued at about $118,000. Cerity Partners LLC boosted its stake in shares of NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of NewtekOne in the 3rd quarter valued at approximately $191,000. 38.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEWT has been the topic of a number of recent research reports. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.