Gregory L. Zink Buys 1,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $11.38 per share, with a total value of $11,380.00. Following the completion of the transaction, the director now directly owns 32,017 shares of the company’s stock, valued at approximately $364,353.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NewtekOne Stock Performance

Shares of NEWT stock opened at $11.78 on Friday. The firm has a 50 day moving average of $12.76 and a two-hundred day moving average of $12.32. The stock has a market capitalization of $291.37 million, a PE ratio of 7.60 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 52 week low of $10.07 and a 52 week high of $16.20.

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 the consensus estimate of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The business had revenue of $81.37 million during the quarter, compared to analysts’ expectations of $59.68 million. During the same quarter last year, the business posted $0.26 EPS. On average, research analysts predict that NewtekOne, Inc. will post 1.9 EPS for the current fiscal year.

NewtekOne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders 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 6.45%. The ex-dividend date is Thursday, October 10th. NewtekOne’s dividend payout ratio is presently 49.03%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On NewtekOne

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

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.