NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink Purchases 1,000 Shares

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

NewtekOne Stock Performance

NewtekOne stock opened at $11.78 on Friday. NewtekOne, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $16.20. The company has a market capitalization of $291.37 million, a price-to-earnings ratio of 7.60 and a beta of 1.30. The stock has a fifty day moving average of $12.76 and a two-hundred day moving average of $12.32. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.42.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data 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 return on equity of 18.99% and a net margin of 14.94%. During the same quarter last year, the business posted $0.26 EPS. On average, analysts anticipate that NewtekOne, Inc. will post 1.9 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, October 10th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Thursday, October 10th. NewtekOne’s payout ratio is 49.03%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NEWT. Vanguard Group Inc. raised its holdings in NewtekOne by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock valued at $15,055,000 after buying an additional 17,505 shares during the period. Marshall Wace LLP increased its position 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 worth $3,401,000 after acquiring an additional 180,468 shares in the last quarter. American Century Companies Inc. boosted its position in shares of NewtekOne by 27.2% in the second quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock worth $2,397,000 after buying an additional 40,738 shares during the period. Bank of New York Mellon Corp grew its position in NewtekOne by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 184,053 shares of the business services provider’s stock valued at $2,314,000 after acquiring an additional 6,640 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in NewtekOne by 43.5% during the 1st quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider’s stock valued at $1,440,000 after purchasing an additional 39,659 shares in the last quarter. 38.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.