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

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Gregory L. Zink acquired 1,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $13.95 per share, for a total transaction of $13,950.00. Following the purchase, the director now directly owns 33,017 shares of the company's stock, valued at approximately $460,587.15. This trade represents a 3.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NewtekOne Stock Performance

NEWT stock traded down $0.25 during trading on Monday, hitting $13.80. 133,754 shares of the company's stock traded hands, compared to its average volume of 159,076. NewtekOne, Inc. has a 52 week low of $10.07 and a 52 week high of $15.49. The stock has a fifty day moving average price of $12.84 and a two-hundred day moving average price of $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 stock has a market capitalization of $363.08 million, a price-to-earnings ratio of 7.85 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its 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 analysts' expectations of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same quarter last year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.51%. NewtekOne's payout ratio is currently 42.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $15.00 price target (up from $13.00) on shares of NewtekOne in a report on Friday, November 8th. B. Riley cut NewtekOne from a "buy" rating to a "neutral" rating and reduced their target price for the company from $16.00 to $13.00 in a research note on Wednesday, September 4th. Finally, Piper Sandler lifted their price target on shares of NewtekOne from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, November 11th.

Institutional Investors Weigh In On NewtekOne

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider's stock worth $32,000 after acquiring an additional 1,835 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of NewtekOne in the second quarter valued at approximately $62,000. nVerses Capital LLC raised its holdings in shares of 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 buying an additional 2,900 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of NewtekOne by 36.1% during the third quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider's stock worth $94,000 after buying an additional 2,002 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in NewtekOne in the 3rd quarter valued at approximately $101,000. 38.35% of the stock is currently owned by institutional investors.

NewtekOne Company Profile

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.