Key Points
- CEO Barry Sloane bought 11,000 shares of NewtekOne at an average price of $14.21, a transaction worth about $156,310. After the purchase, he owned 1,176,914 shares valued at roughly $16.7 million.
- NewtekOne recently reported quarterly earnings of $0.43 per share, matching analyst expectations, while revenue came in at $88.18 million, above estimates. The company also reaffirmed FY 2027 guidance of 2.40 to 2.80 EPS.
- The company announced a quarterly dividend of $0.19 per share, payable July 1, implying an annualized yield of about 5.5%. Analyst sentiment is mixed but leans positive, with a consensus rating of Moderate Buy and a $15.00 target price.
NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) CEO Barry Sloane bought 11,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $14.21 per share, with a total value of $156,310.00. Following the transaction, the chief executive officer owned 1,176,914 shares of the company's stock, valued at $16,723,947.94. The trade was a 0.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NewtekOne Price Performance
Shares of NASDAQ:NEWT opened at $13.72 on Tuesday. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a fifty day moving average price of $13.04 and a 200 day moving average price of $12.57. NewtekOne, Inc. has a fifty-two week low of $9.59 and a fifty-two week high of $14.91. The firm has a market cap of $395.96 million, a price-to-earnings ratio of 6.04 and a beta of 1.29.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share 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 firm had revenue of $88.18 million during 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 expect that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.
NewtekOne Dividend Announcement
The business also recently announced 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. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.5%. NewtekOne's dividend payout ratio is currently 33.48%.
Hedge Funds Weigh In On NewtekOne
Several institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC lifted its position in NewtekOne by 126.0% during the first quarter. Segall Bryant & Hamill LLC now owns 63,433 shares of the business services provider's stock valued at $695,000 after purchasing an additional 35,369 shares during the last quarter. Bank of America Corp DE lifted its position in NewtekOne by 26.6% during the first quarter. Bank of America Corp DE now owns 65,442 shares of the business services provider's stock valued at $717,000 after purchasing an additional 13,761 shares during the last quarter. Quantinno Capital Management LP lifted its position in NewtekOne by 98.6% during the first quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider's stock valued at $882,000 after purchasing an additional 39,990 shares during the last quarter. Bank of New York Mellon Corp lifted its position in NewtekOne by 36.1% during the first quarter. Bank of New York Mellon Corp now owns 138,506 shares of the business services provider's stock valued at $1,517,000 after purchasing an additional 36,731 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in NewtekOne by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider's stock valued at $208,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors own 38.35% of the company's stock.
Analyst Ratings Changes
NEWT has been the subject of several research reports. Weiss Ratings upgraded shares of NewtekOne from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Wall Street Zen upgraded shares of NewtekOne from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Keefe, Bruyette & Woods increased 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 equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Check Out Our Latest Stock Report on NewtekOne
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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