Key Points
- Director Richard Salute bought 1,000 shares of NewtekOne at $13.47 each, spending $13,470 and lifting his stake to 45,772 shares. The purchase was disclosed in an SEC filing.
- NewtekOne shares rose 4.4% and opened at $14.27, near the stock’s 52-week high of $14.91. The company currently has a market cap of about $411.4 million and a low valuation at a P/E ratio of 6.29.
- The company reported Q1 earnings of $0.43 per share, matching estimates, while revenue of $88.18 million beat forecasts. NewtekOne also pays a quarterly dividend of $0.19 per share, equal to a 5.3% annual yield.
NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Richard Salute acquired 1,000 shares of the company's stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $13.47 per share, for a total transaction of $13,470.00. Following the purchase, the director owned 45,772 shares in the company, valued at approximately $616,548.84. This trade represents a 2.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NewtekOne Stock Up 4.4%
NewtekOne stock opened at $14.27 on Friday. The firm has a market cap of $411.40 million, a PE ratio of 6.29 and a beta of 1.28. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.71 and a current ratio of 0.71. The firm's 50 day moving average price is $12.12 and its two-hundred day moving average price is $11.98. NewtekOne, Inc. has a twelve month low of $9.59 and a twelve month high of $14.91.
NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne had a net margin of 16.15% and a return on equity of 19.43%. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, research analysts predict that NewtekOne, Inc. will post 2.38 EPS for the current fiscal year.
NewtekOne Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were issued a $0.19 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.76 dividend on an annualized basis and a yield of 5.3%. NewtekOne's dividend payout ratio is currently 33.48%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on NEWT shares. Weiss Ratings reissued a "hold (c)" rating on shares of NewtekOne in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of NewtekOne from $12.00 to $13.00 and gave the stock a "market perform" rating in a research report on Friday, May 1st. Wall Street Zen raised shares of NewtekOne from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Piper Sandler increased their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NewtekOne currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Get Our Latest Research Report on NewtekOne
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Patriot Financial Partners GP II L.P. bought a new stake in NewtekOne in the 3rd quarter valued at $26,423,000. Vanguard Group Inc. boosted its holdings in NewtekOne by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider's stock valued at $16,706,000 after purchasing an additional 26,966 shares during the period. Marshall Wace LLP lifted its holdings in shares of NewtekOne by 42.9% during the 2nd quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider's stock worth $7,034,000 after acquiring an additional 187,103 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of NewtekOne by 119.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider's stock worth $6,234,000 after acquiring an additional 298,830 shares during the period. Finally, North Reef Capital Management LP bought a new position in shares of NewtekOne during the 3rd quarter worth about $4,430,000. 38.35% of the stock is currently owned by institutional investors and hedge funds.
NewtekOne Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
