Insider Buying: NewtekOne, Inc. (NASDAQ:NEWT) Director Purchases $14,150.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink purchased 1,000 shares of NewtekOne stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $14.15 per share, for a total transaction of $14,150.00. Following the completion of the transaction, the director now directly owns 28,085 shares in the company, valued at $397,402.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NewtekOne Stock Down 2.5 %

Shares of NewtekOne stock opened at $13.67 on Friday. The company has a market capitalization of $338.06 million, a P/E ratio of 8.82 and a beta of 1.23. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.02 and a quick ratio of 1.10. The business has a 50-day moving average of $11.48 and a two-hundred day moving average of $12.48. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $19.36.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). The business had revenue of $75.60 million during the quarter, compared to analyst estimates of $62.99 million. NewtekOne had a net margin of 14.14% and a return on equity of 18.27%. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, equities analysts predict that NewtekOne, Inc. will post 1.92 EPS for the current year.

NewtekOne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.56%. This is a positive change from NewtekOne’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 28th. NewtekOne’s dividend payout ratio (DPR) is presently 49.03%.

Wall Street Analyst Weigh In

NEWT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their target price on NewtekOne from $16.00 to $13.00 and set a “market perform” rating on the stock in a report on Wednesday, March 20th. Piper Sandler cut their price target on shares of NewtekOne from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. B. Riley restated a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of NewtekOne in a report on Thursday, March 7th. Finally, StockNews.com raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, NewtekOne presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Institutional Investors Weigh In On NewtekOne

Institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC increased its holdings in NewtekOne by 43.5% during the 1st quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider’s stock worth $1,440,000 after purchasing an additional 39,659 shares in the last quarter. Avenir Corp lifted its holdings in shares of NewtekOne by 46.6% in the first quarter. Avenir Corp now owns 59,800 shares of the business services provider’s stock valued at $658,000 after purchasing an additional 19,000 shares in the last quarter. Kinloch Capital LLC acquired a new position in shares of NewtekOne during the first quarter worth about $148,000. Vanguard Group Inc. grew its holdings in shares of NewtekOne by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock worth $15,055,000 after buying an additional 17,505 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in NewtekOne by 124.5% in the 1st 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 during the last quarter. 38.35% of the stock is owned by institutional investors.

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.