Key Points
- CEO Barry Sloane bought shares: Sloane purchased 5,000 NewtekOne shares at $14.20 each for a total of $71,000, and a separate filing noted an additional purchase of 11,000 shares at $14.21 each.
- Dividend news: NewtekOne announced a quarterly dividend of $0.19 per share, payable July 1 to shareholders of record on June 24. That works out to an annualized yield of about 5.5%.
- Company and analyst backdrop: The stock was trading up 1.5% and recently held at $0.43 EPS on stronger-than-expected revenue. Analysts currently have a consensus Moderate Buy rating with a $15 target price.
NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) CEO Barry Sloane bought 5,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $14.20 per share, for a total transaction of $71,000.00. Following the transaction, the chief executive officer directly owned 1,181,914 shares in the company, valued at $16,783,178.80. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Barry Sloane also recently made the following trade(s):
- On Monday, June 15th, Barry Sloane acquired 11,000 shares of NewtekOne stock. The shares were purchased at an average price of $14.21 per share, with a total value of $156,310.00.
NewtekOne Trading Up 1.5%
NASDAQ NEWT opened at $13.92 on Wednesday. The company has a market cap of $401.73 million, a price-to-earnings ratio of 6.13 and a beta of 1.29. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $14.91. The business has a 50 day moving average price of $13.09 and a 200-day moving average price of $12.59. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.76.
NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $88.18 million during the quarter, compared to the consensus estimate of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, equities analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.
NewtekOne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 annualized dividend and a dividend yield of 5.5%. NewtekOne's payout ratio is currently 33.48%.
Institutional Investors Weigh In On NewtekOne
Several institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC grew its holdings 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 worth $695,000 after buying an additional 35,369 shares in the last quarter. Bank of America Corp DE grew its holdings 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 worth $717,000 after buying an additional 13,761 shares in the last quarter. Quantinno Capital Management LP grew its holdings 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 worth $882,000 after buying an additional 39,990 shares in the last quarter. Bank of New York Mellon Corp grew its holdings 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 worth $1,517,000 after buying an additional 36,731 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings 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 worth $208,000 after buying an additional 1,209 shares in the last quarter. Institutional investors own 38.35% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on NEWT. Wall Street Zen upgraded NewtekOne from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Keefe, Bruyette & Woods boosted their price objective on NewtekOne from $12.00 to $13.00 and gave the company a "market perform" rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded NewtekOne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NewtekOne presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
View 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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