NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Gregory L. Zink bought 1,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $11.38 per share, for a total transaction of $11,380.00. Following the completion of the purchase, the director now directly owns 32,017 shares in the company, valued at $364,353.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NewtekOne Price Performance
NEWT stock opened at $11.61 on Thursday. The firm has a 50 day simple moving average of $12.79 and a two-hundred day simple moving average of $12.33. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $287.16 million, a PE ratio of 7.49 and a beta of 1.30. NewtekOne, Inc. has a one year low of $10.07 and a one year high of $16.20.
NewtekOne (NASDAQ:NEWT - Get Free Report) last released its earnings results on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The business had revenue of $81.37 million for the quarter, compared to analysts' expectations of $59.68 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, analysts predict that NewtekOne, Inc. will post 1.9 EPS for the current fiscal year.
NewtekOne Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, October 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Thursday, October 10th. NewtekOne's dividend payout ratio is currently 49.03%.
Analyst Ratings Changes
Separately, B. Riley cut NewtekOne from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th.
Check Out Our Latest Research Report on NewtekOne
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in 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. American Century Companies Inc. lifted its stake in NewtekOne by 27.2% in the second quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider's stock worth $2,397,000 after purchasing an additional 40,738 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in NewtekOne during the second quarter valued at about $506,000. Ancora Advisors LLC grew its stake in shares of NewtekOne by 43.5% during the first quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider's stock valued at $1,440,000 after buying an additional 39,659 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of NewtekOne during the second quarter valued at about $403,000. 38.35% of the stock is owned by hedge funds and other institutional investors.
NewtekOne Company Profile
(
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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