NewtekOne, Inc. (NASDAQ:NEWT) Director Purchases $12,820.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Richard J. Salute bought 1,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $12.82 per share, with a total value of $12,820.00. Following the transaction, the director now owns 34,117 shares in the company, valued at approximately $437,379.94. This represents a 3.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NewtekOne Stock Up 1.6 %

NewtekOne stock opened at $13.20 on Thursday. The company has a market capitalization of $347.23 million, a P/E ratio of 7.37 and a beta of 1.30. The firm’s fifty day simple moving average is $13.83 and its 200-day simple moving average is $13.08. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 1-year low of $10.07 and a 1-year high of $15.49.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same quarter last year, the firm posted $0.38 EPS. Sell-side analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.76%. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEWT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Piper Sandler raised their price target on shares of NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, B. Riley raised their price target on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in NewtekOne by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider’s stock worth $7,149,000 after acquiring an additional 22,167 shares during the period. State Street Corp grew its position in NewtekOne by 1.0% in the 3rd quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after purchasing an additional 4,595 shares during the last quarter. Marshall Wace LLP grew its position in NewtekOne by 200.3% in the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after purchasing an additional 180,468 shares during the last quarter. American Century Companies Inc. grew its position in NewtekOne by 27.2% in the 2nd quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 40,738 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in NewtekOne by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,053 shares of the business services provider’s stock worth $2,314,000 after purchasing an additional 6,640 shares during the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Company Profile

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.