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

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 40,134 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $11.75 per share, for a total transaction of $471,574.50. Following the completion of the acquisition, the chief executive officer now directly owns 1,187,457 shares in the company, valued at approximately $13,952,619.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

NewtekOne Trading Down 0.8 %

NASDAQ NEWT opened at $12.01 on Thursday. The stock has a market capitalization of $311.78 million, a P/E ratio of 7.75 and a beta of 1.30. The business has a 50 day simple moving average of $12.56 and a 200 day simple moving average of $12.34. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.42 and a quick ratio of 1.42. NewtekOne, Inc. has a one year low of $10.07 and a one year high of $15.75.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. NewtekOne had a net margin of 14.94% and a return on equity of 18.99%. The company had revenue of $81.37 million during the quarter, compared to the consensus estimate of $59.68 million. During the same quarter last year, the firm posted $0.26 EPS. Research analysts expect that NewtekOne, Inc. will post 1.9 earnings per share for the current year.

NewtekOne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Thursday, October 10th will be given 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 dividend payout ratio (DPR) is presently 49.03%.

Institutional Trading of NewtekOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEWT. International Assets Investment Management LLC bought a new position in NewtekOne in the second quarter worth approximately $62,000. Cape Investment Advisory Inc. bought a new position in shares of NewtekOne in the 4th quarter worth $89,000. Kinloch Capital LLC acquired a new stake in NewtekOne in the 1st quarter valued at $148,000. Jump Financial LLC bought a new stake in NewtekOne during the 4th quarter valued at $155,000. Finally, BNP Paribas Financial Markets raised its holdings 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 buying an additional 7,961 shares during the last quarter. 38.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $13.00 in a research 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.