Gregory Zink Acquires 1,000 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory Zink bought 1,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $13.87 per share, for a total transaction of $13,870.00. Following the completion of the acquisition, the director directly owned 36,085 shares in the company, valued at approximately $500,498.95. This trade represents a 2.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

NewtekOne Stock Performance

Shares of NEWT stock opened at $13.07 on Wednesday. The company has a market capitalization of $377.20 million, a P/E ratio of 5.76 and a beta of 1.28. The company’s 50 day moving average price is $12.18 and its two-hundred day moving average price is $12.04. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $14.91.

NewtekOne (NASDAQ:NEWT) last announced its 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 firm 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 19.00%. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.8%. The ex-dividend date was Tuesday, March 24th. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Analyst Upgrades and Downgrades

NEWT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. Piper Sandler lifted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of NewtekOne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in NewtekOne by 36.1% during the first 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 increased its holdings in NewtekOne by 6.8% during the first 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 acquired a new position in NewtekOne during the first quarter worth $118,000. Man Group plc increased its holdings in NewtekOne by 6.4% during the fourth 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 acquired a new position in NewtekOne during the fourth quarter worth $337,000. 38.35% of the stock is currently owned by institutional investors and hedge funds.

About NewtekOne

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.