NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) Director Gregory L. Zink purchased 1,000 shares of the business's stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $13.95 per share, with a total value 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. The trade was a 3.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NewtekOne Stock Performance
Shares of NEWT opened at $13.80 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 52-week low of $10.07 and a 52-week high of $15.49. The company has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $12.91. The company has a market capitalization of $363.08 million, a PE ratio of 7.71 and a beta of 1.29.
NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $83.12 million for the quarter, compared to analyst estimates of $61.76 million. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.
NewtekOne Dividend Announcement
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The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, October 10th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.51%. The ex-dividend date was Thursday, October 10th. NewtekOne's dividend payout ratio (DPR) is 42.46%.
Analysts Set New Price Targets
A number of brokerages have commented on NEWT. B. Riley downgraded shares of NewtekOne from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th. Piper Sandler raised their price objective on shares of NewtekOne from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th.
Check Out Our Latest Analysis on NEWT
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in NewtekOne by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider's stock valued at $15,055,000 after acquiring an additional 17,505 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NewtekOne by 4.0% in the third quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider's stock valued at $7,149,000 after purchasing an additional 22,167 shares in the last quarter. State Street Corp grew its position in shares of NewtekOne by 1.0% in the third quarter. State Street Corp now owns 474,419 shares of the business services provider's stock valued at $5,911,000 after purchasing an additional 4,595 shares during the last quarter. Marshall Wace LLP raised its position in shares of NewtekOne by 200.3% during the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider's stock worth $3,401,000 after purchasing an additional 180,468 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of NewtekOne by 27.2% during the 2nd 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. Institutional investors and hedge funds own 38.35% of the company's stock.
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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