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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 40,134 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $11.75 per share, with a total value of $471,574.50. Following the transaction, 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 SEC, which is available through the SEC website.

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

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

NewtekOne Price Performance

Shares of NEWT stock opened at $12.01 on Thursday. The business has a fifty day simple moving average of $12.56 and a 200 day simple moving average of $12.34. The company has a market cap of $311.78 million, a P/E ratio of 7.75 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 twelve month low of $10.07 and a twelve month high of $15.75.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $81.37 million during the quarter, compared to analysts’ expectations of $59.68 million. NewtekOne had a net margin of 14.94% and a return on equity of 18.99%. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, sell-side analysts forecast that NewtekOne, Inc. will post 1.9 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.33%. NewtekOne’s payout ratio is presently 49.03%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in NewtekOne during the 2nd quarter worth $192,000. AQR Capital Management LLC bought a new stake in shares of NewtekOne during the second quarter worth about $403,000. Marshall Wace LLP increased its stake in shares of NewtekOne by 200.3% in the second quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock valued at $3,401,000 after buying an additional 180,468 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of NewtekOne in the second quarter valued at approximately $506,000. Finally, American Century Companies Inc. raised its holdings 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 valued at $2,397,000 after buying an additional 40,738 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.