Insider Buying: NewtekOne, Inc. (NASDAQ:NEWT) CEO Purchases $64,600.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWTGet Free Report) CEO Barry Sloane bought 5,000 shares of the stock in a transaction on Monday, June 17th. The shares were acquired at an average price of $12.92 per share, with a total value of $64,600.00. Following the purchase, the chief executive officer now owns 1,140,674 shares of the company’s stock, valued at $14,737,508.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, May 15th, Barry Sloane purchased 10,000 shares of NewtekOne stock. The stock was acquired at an average cost of $14.17 per share, with a total value of $141,700.00.

NewtekOne Trading Down 2.4 %

NASDAQ:NEWT opened at $12.59 on Thursday. The stock has a market cap of $311.35 million, a price-to-earnings ratio of 8.12 and a beta of 1.32. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.02 and a current ratio of 1.02. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $19.36. The business has a fifty day moving average of $12.40 and a 200-day moving average of $12.36.

NewtekOne (NASDAQ:NEWTGet Free Report) last announced its earnings results on Monday, May 6th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $58.27 million during the quarter, compared to analyst estimates of $49.06 million. NewtekOne had a net margin of 14.14% and a return on equity of 18.27%. Equities analysts predict that NewtekOne, Inc. will post 1.92 earnings per share for the current year.

Institutional Trading of NewtekOne

Several institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors grew its holdings in NewtekOne by 2.9% during the first quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock worth $520,000 after acquiring an additional 1,344 shares during the period. SG Americas Securities LLC boosted its position in shares of NewtekOne by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,058 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 3,082 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of NewtekOne in the 4th quarter worth approximately $89,000. Ridgewood Investments LLC grew its stake in shares of NewtekOne by 15.4% in the 1st quarter. Ridgewood Investments LLC now owns 52,485 shares of the business services provider’s stock worth $577,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of NewtekOne by 10.4% in the 3rd quarter. Ancora Advisors LLC now owns 82,806 shares of the business services provider’s stock worth $1,221,000 after purchasing an additional 7,811 shares in the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

Analysts Set New Price Targets

NEWT has been the subject of several recent research reports. Piper Sandler lowered their target price on NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, March 18th. B. Riley restated a “buy” rating and set a $18.00 price objective (down from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. StockNews.com upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of NewtekOne from $16.00 to $13.00 and set a “market perform” rating for the company in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.50.

Get Our Latest Report on NEWT

NewtekOne Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for NewtekOne (NASDAQ:NEWT)

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