Key Points
- Director Craig Jeffry Brunet bought 1,000 shares of NewtekOne on June 3 at an average price of $12.70, increasing his direct stake to 7,185 shares, a 16.17% boost.
- NewtekOne reported solid first-quarter results, with EPS of $0.43 matching expectations and revenue of $88.18 million, above analyst estimates of $75.77 million.
- The company continues to pay a strong dividend, recently distributing $0.19 per share quarterly for an annualized yield of 5.7%, while analysts’ consensus rating remains “Moderate Buy” with a $15.00 target price.
NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Craig Jeffry Brunet acquired 1,000 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $12.70 per share, with a total value of $12,700.00. Following the purchase, the director directly owned 7,185 shares in the company, valued at $91,249.50. This represents a 16.17% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Craig Jeffry Brunet also recently made the following trade(s):
- On Friday, May 15th, Craig Jeffry Brunet acquired 330 shares of NewtekOne stock. The stock was acquired at an average cost of $12.72 per share, with a total value of $4,197.60.
NewtekOne Stock Performance
Shares of NewtekOne stock opened at $13.25 on Friday. NewtekOne, Inc. has a 52-week low of $9.59 and a 52-week high of $14.91. The stock has a market capitalization of $382.40 million, a price-to-earnings ratio of 5.84 and a beta of 1.29. The company has a fifty day moving average of $12.66 and a 200-day moving average of $12.39.
NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The company had revenue of $88.18 million during the quarter, compared to analysts' expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities research analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.
NewtekOne Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.76 annualized dividend and a yield of 5.7%. NewtekOne's dividend payout ratio is presently 33.48%.
Institutional Investors Weigh In On NewtekOne
Several institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its position in shares of NewtekOne by 126.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 63,433 shares of the business services provider's stock worth $695,000 after purchasing an additional 35,369 shares during the period. Bank of America Corp DE lifted its position in shares of NewtekOne by 26.6% in the 1st quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider's stock worth $717,000 after purchasing an additional 13,761 shares during the period. Quantinno Capital Management LP lifted its position in shares of NewtekOne by 98.6% in the 1st quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider's stock worth $882,000 after purchasing an additional 39,990 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NewtekOne by 36.1% in the 1st quarter. Bank of New York Mellon Corp now owns 138,506 shares of the business services provider's stock worth $1,517,000 after purchasing an additional 36,731 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider's stock worth $208,000 after purchasing an additional 1,209 shares during the period. 38.35% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
NEWT has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price target 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. Piper Sandler increased their price target 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. Finally, Wall Street Zen raised shares of NewtekOne from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, NewtekOne currently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
View Our Latest Report on NEWT
About NewtekOne
(
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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