Key Points
- NewtekOne director Gregory Zink bought 1,000 shares on May 8 at an average price of $13.87, a transaction worth $13,870. After the purchase, he owned 36,085 shares, increasing his stake by 2.85%.
- The company recently topped revenue expectations in its April 30 quarterly report, posting EPS of $0.43 in line with estimates and revenue of $88.18 million versus the $75.77 million consensus.
- NewtekOne continues to offer a notable dividend yield, with a quarterly payout of $0.19 per share, or $0.76 annualized, representing a 5.6% yield and a 33.48% payout ratio.
NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Gregory Zink purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $13.87 per share, for a total transaction of $13,870.00. Following the completion of the acquisition, the director directly owned 36,085 shares in the company, valued at $500,498.95. The trade was a 2.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NewtekOne Stock Performance
Shares of NASDAQ:NEWT opened at $13.66 on Tuesday. The company has a market capitalization of $393.82 million, a price-to-earnings ratio of 6.02 and a beta of 1.28. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91. The firm's 50-day moving average is $12.17 and its 200 day moving average is $12.03. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 6.41.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $88.18 million for the quarter, compared to the consensus estimate 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. Research analysts predict that NewtekOne, Inc. will post 2.38 EPS for the current year.
NewtekOne Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.6%. The ex-dividend date was Tuesday, March 24th. NewtekOne's dividend payout ratio is presently 33.48%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of NewtekOne in a report on Thursday, January 22nd. Piper Sandler boosted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Monday, February 9th. Wall Street Zen raised shares of NewtekOne from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the company a "market perform" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, NewtekOne has an average rating of "Moderate Buy" and a consensus price target of $15.00.
View Our Latest Analysis on NewtekOne
Institutional Investors Weigh In On NewtekOne
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in NewtekOne in the 3rd quarter valued at about $46,000. Quantbot Technologies LP purchased a new stake in NewtekOne in the 2nd quarter valued at about $107,000. Dumont & Blake Investment Advisors LLC purchased a new stake in NewtekOne in the 1st quarter valued at about $118,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NewtekOne in the 3rd quarter valued at about $150,000. Finally, Cerity Partners LLC boosted its position in 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 buying an additional 2,095 shares during the period. 38.35% of the stock is owned by hedge funds and other institutional investors.
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.
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