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

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink bought 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $13.95 per share, with a total value of $13,950.00. Following the completion of the transaction, the director now owns 33,017 shares in the company, valued at approximately $460,587.15. The trade was a 3.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NewtekOne Stock Performance

Shares of NASDAQ:NEWT traded down $0.01 during midday trading on Monday, reaching $14.05. 12,544 shares of the company traded hands, compared to its average volume of 158,532. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.49. The firm’s fifty day moving average price is $12.84 and its two-hundred day moving average price is $12.91. The company has a quick ratio of 1.42, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm has a market capitalization of $369.66 million, a price-to-earnings ratio of 7.85 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were given a $0.19 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.41%. NewtekOne’s payout ratio is 42.46%.

Wall Street Analysts Forecast Growth

NEWT has been the topic of a number of recent research reports. Piper Sandler upped their price target on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. B. Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $13.00 in a report on Wednesday, September 4th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NEWT. Marshall Wace LLP boosted its stake in shares of NewtekOne by 200.3% in the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock valued at $3,401,000 after purchasing an additional 180,468 shares in the last quarter. Wellington Management Group LLP bought a new stake in NewtekOne in the third quarter worth $1,902,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NewtekOne by 245.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,226 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 64,790 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of NewtekOne by 1,146.0% in the third quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock worth $761,000 after buying an additional 56,154 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of NewtekOne by 27.2% in the 2nd quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock valued at $2,397,000 after acquiring an additional 40,738 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

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.