Richard Salute Purchases 1,000 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Richard Salute purchased 1,000 shares of NewtekOne stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $13.47 per share, for a total transaction of $13,470.00. Following the purchase, the director directly owned 45,772 shares in the company, valued at $616,548.84. This trade represents a 2.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NewtekOne Trading Up 4.4%

NEWT stock opened at $14.27 on Friday. The company has a market capitalization of $411.40 million, a PE ratio of 6.29 and a beta of 1.28. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91. The firm’s 50-day moving average is $12.12 and its 200 day moving average is $11.98. The company has a debt-to-equity ratio of 6.41, a current ratio of 0.71 and a quick ratio of 0.71.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $88.18 million for the quarter, compared to the consensus estimate of $75.77 million. NewtekOne had a net margin of 16.15% and a return on equity of 19.43%. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, research analysts anticipate that NewtekOne, Inc. will post 2.38 EPS for the current year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.76 dividend on an annualized basis and a yield of 5.3%. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of NewtekOne by 36.1% in the 1st quarter. Bank of New York Mellon Corp now owns 138,506 shares of the business services provider’s stock worth $1,517,000 after buying an additional 36,731 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock worth $208,000 after buying an additional 1,209 shares during the last quarter. Dumont & Blake Investment Advisors LLC purchased a new position in shares of NewtekOne in the 1st quarter worth approximately $118,000. Man Group plc grew its position in shares of NewtekOne by 6.4% in the 4th quarter. Man Group plc now owns 45,906 shares of the business services provider’s stock worth $521,000 after buying an additional 2,761 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of NewtekOne in the 4th quarter worth approximately $337,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NewtekOne in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Piper Sandler raised their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.