NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Richard J. Salute bought 1,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $12.82 per share, with a total value of $12,820.00. Following the completion of the acquisition, the director now directly owns 34,117 shares of the company's stock, valued at approximately $437,379.94. The trade was a 3.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NewtekOne Stock Performance
NASDAQ:NEWT traded up $0.29 during trading hours on Monday, reaching $12.99. The company had a trading volume of 198,038 shares, compared to its average volume of 158,305. The firm has a market cap of $341.70 million, a price-to-earnings ratio of 7.26 and a beta of 1.30. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm's 50 day moving average price is $13.83 and its 200-day moving average price is $13.08. NewtekOne, Inc. has a 52 week low of $10.07 and a 52 week high of $15.49.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The company had revenue of $83.12 million during the quarter, compared to analyst estimates of $61.76 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current year.
NewtekOne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Tuesday, December 31st. NewtekOne's payout ratio is 42.46%.
Wall Street Analyst Weigh In
NEWT has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $15.00 target price (up from $13.00) on shares of NewtekOne in a research note on Friday, November 8th. B. Riley increased their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Piper Sandler lifted their price objective on NewtekOne from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, November 11th.
View Our Latest Analysis on NewtekOne
Institutional Trading of NewtekOne
Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of NewtekOne by 253.5% in the third quarter. FMR LLC now owns 2,559 shares of the business services provider's stock worth $32,000 after buying an additional 1,835 shares during the period. International Assets Investment Management LLC bought a new stake in NewtekOne during the 2nd quarter worth approximately $62,000. nVerses Capital LLC lifted its holdings in NewtekOne by 96.7% during the third quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider's stock valued at $74,000 after purchasing an additional 2,900 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in NewtekOne by 36.1% during the third quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider's stock valued at $94,000 after purchasing an additional 2,002 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of NewtekOne in the third quarter worth approximately $101,000. 38.35% of the stock is currently owned by institutional investors.
About NewtekOne
(
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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