NewtekOne, Inc. (NASDAQ:NEWT) CFO Michael Scott Price Buys 2,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) CFO Michael Scott Price purchased 2,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $12.59 per share, for a total transaction of $25,180.00. Following the transaction, the chief financial officer now directly owns 21,681 shares of the company’s stock, valued at approximately $272,963.79. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NewtekOne Trading Down 2.4 %

NEWT opened at $12.59 on Wednesday. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.02 and a quick ratio of 1.02. NewtekOne, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $19.36. The firm has a market capitalization of $311.40 million, a PE ratio of 8.12 and a beta of 1.32. The company’s 50-day moving average is $12.40 and its 200 day moving average is $12.36.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Monday, May 6th. The business services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. NewtekOne had a net margin of 14.14% and a return on equity of 18.27%. The company had revenue of $58.27 million for the quarter, compared to analyst estimates of $49.06 million. As a group, research analysts predict that NewtekOne, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on NEWT. Keefe, Bruyette & Woods cut their price objective on shares of NewtekOne from $16.00 to $13.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 20th. B. Riley reissued a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of NewtekOne in a research report on Thursday, March 7th. Piper Sandler cut their price objective on shares of NewtekOne from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, StockNews.com raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.50.

Institutional Investors Weigh In On NewtekOne

Institutional investors and hedge funds have recently made changes to their positions in the business. Cape Investment Advisory Inc. acquired a new stake in shares of NewtekOne in the 4th quarter worth about $89,000. SeaBridge Investment Advisors LLC acquired a new stake in shares of NewtekOne in the 4th quarter worth about $138,000. Jump Financial LLC purchased a new stake in NewtekOne in the 4th quarter valued at about $155,000. SG Americas Securities LLC increased its stake in NewtekOne by 30.9% in the 4th quarter. SG Americas Securities LLC now owns 13,058 shares of the business services provider’s stock valued at $180,000 after buying an additional 3,082 shares during the last quarter. Finally, Kinloch Capital LLC purchased a new stake in NewtekOne in the 3rd quarter valued at about $196,000. Institutional investors and hedge funds 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.