Frank Demaria Buys 1,556 Shares of NewtekOne (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) insider Frank Demaria bought 1,556 shares of the stock in a transaction on Wednesday, January 14th. The stock was purchased at an average cost of $13.91 per share, with a total value of $21,643.96. Following the completion of the purchase, the insider directly owned 35,220 shares in the company, valued at $489,910.20. This trade represents a 4.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NewtekOne Trading Down 0.3%

Shares of NEWT stock traded down $0.04 during trading hours on Friday, hitting $14.55. 105,324 shares of the company were exchanged, compared to its average volume of 331,449. The firm has a fifty day moving average of $11.39 and a 200 day moving average of $11.49. The firm has a market cap of $420.35 million, a PE ratio of 6.53 and a beta of 1.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 5.69. NewtekOne, Inc. has a 1 year low of $9.12 and a 1 year high of $14.77.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. NewtekOne had a net margin of 15.59% and a return on equity of 19.93%. The company had revenue of $74.94 million during the quarter, compared to the consensus estimate of $78.31 million. Analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 22nd were paid a $0.19 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.76 annualized dividend and a dividend yield of 5.2%. NewtekOne’s dividend payout ratio (DPR) is presently 34.08%.

Institutional Investors Weigh In On NewtekOne

Several hedge funds have recently modified their holdings of NEWT. Rhumbline Advisers raised its holdings in shares of NewtekOne by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock worth $411,000 after acquiring an additional 2,108 shares during the last quarter. Man Group plc grew its position in shares of NewtekOne by 6.1% in the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after buying an additional 2,304 shares during the last quarter. Trust Co. of Vermont bought a new stake in NewtekOne in the second quarter valued at $29,000. IFP Advisors Inc increased its position in shares of NewtekOne by 74.9% during the second quarter. IFP Advisors Inc now owns 6,776 shares of the business services provider’s stock valued at $77,000 after buying an additional 2,901 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in NewtekOne in the third quarter worth about $46,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NewtekOne in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $13.00 price target (up from $12.00) on shares of NewtekOne in a report on Friday, September 19th. Piper Sandler upped their target price on NewtekOne from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Finally, Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, NewtekOne presently has a consensus rating of “Hold” and a consensus price target of $14.50.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.