NewtekOne (NASDAQ:NEWT) Director Craig Jeffry Brunet Acquires 1,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) Director Craig Jeffry Brunet acquired 1,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $12.70 per share, with a total value of $12,700.00. Following the transaction, the director directly owned 7,185 shares of the company’s stock, valued at $91,249.50. This represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Craig Jeffry Brunet also recently made the following trade(s):

• On Friday, May 15th, Craig Jeffry Brunet acquired 330 shares of NewtekOne stock. The shares were purchased at an average price of $12.72 per share, for a total transaction of $4,197.60.

NewtekOne Trading Down 7.3%

NASDAQ NEWT opened at $12.65 on Thursday. The stock has a market cap of $365.08 million, a P/E ratio of 5.57 and a beta of 1.29. The company’s fifty day simple moving average is $12.62 and its 200-day simple moving average is $12.37. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $14.91.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The firm had revenue of $88.18 million for the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, research analysts expect that NewtekOne, Inc. will post 2.38 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were paid a $0.19 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.76 annualized dividend and a dividend yield of 6.0%. NewtekOne’s payout ratio is 33.48%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Keefe, Bruyette & Woods increased their target price on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, Piper Sandler raised their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Institutional Trading of NewtekOne

Several institutional investors and hedge funds have recently bought and sold shares of the company. Patriot Financial Partners GP II L.P. bought a new position in NewtekOne during the 3rd quarter worth approximately $26,423,000. Vanguard Group Inc. raised its position in shares of NewtekOne by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock valued at $16,706,000 after acquiring an additional 26,966 shares in the last quarter. Marshall Wace LLP raised its position in shares of NewtekOne by 42.9% during the 2nd quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider’s stock valued at $7,034,000 after acquiring an additional 187,103 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in NewtekOne by 119.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after purchasing an additional 298,830 shares during the last quarter. Finally, North Reef Capital Management LP acquired a new position in NewtekOne in the third quarter worth $4,430,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

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.