Barry Sloane Acquires 40,134 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 40,134 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $11.75 per share, for a total transaction of $471,574.50. Following the acquisition, the chief executive officer now directly owns 1,187,457 shares of the company’s stock, valued at $13,952,619.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Barry Sloane also recently made the following trade(s):

• On Wednesday, August 14th, Barry Sloane acquired 6,649 shares of NewtekOne stock. The shares were bought at an average price of $12.13 per share, for a total transaction of $80,652.37.

NewtekOne Price Performance

Shares of NEWT stock traded up $0.06 on Tuesday, reaching $11.93. The company’s stock had a trading volume of 61,710 shares, compared to its average volume of 157,774. The stock’s 50 day simple moving average is $12.67 and its 200-day simple moving average is $12.34. The company has a market capitalization of $295.08 million, a P/E ratio of 7.66 and a beta of 1.30. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.96. NewtekOne, Inc. has a 12-month low of $10.07 and a 12-month high of $15.75.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The firm had revenue of $81.37 million for the quarter, compared to analysts’ expectations of $59.68 million. During the same period last year, the firm earned $0.26 earnings per share. As a group, equities analysts predict that NewtekOne, Inc. will post 1.9 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Thursday, October 10th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Thursday, October 10th. NewtekOne’s dividend payout ratio is presently 49.03%.

Analysts Set New Price Targets

Separately, B. Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $13.00 in a report on Wednesday, September 4th.

Hedge Funds Weigh In On NewtekOne

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC grew its position in NewtekOne by 43.5% in the 1st quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider’s stock worth $1,440,000 after purchasing an additional 39,659 shares during the period. Jump Financial LLC bought a new position in NewtekOne during the fourth quarter valued at approximately $155,000. Vanguard Group Inc. grew its stake in shares of NewtekOne by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock worth $15,055,000 after buying an additional 17,505 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in shares of NewtekOne during the 4th quarter valued at approximately $89,000. Finally, BNP Paribas Financial Markets lifted its position in NewtekOne by 124.5% in the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock worth $158,000 after buying an additional 7,961 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

About NewtekOne

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.