Insider Buying: NewtekOne (NASDAQ:NEWT) Director Purchases $12,700.00 in Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Craig Jeffry Brunet acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $12.70 per share, with a total value of $12,700.00. Following the completion of the acquisition, the director directly owned 7,185 shares in the company, valued at approximately $91,249.50. This represents a 16.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Craig Jeffry Brunet also recently made the following trade(s):

• On Friday, May 15th, Craig Jeffry Brunet acquired 330 shares of NewtekOne stock. The stock was purchased at an average price of $12.72 per share, with a total value of $4,197.60.

NewtekOne Trading Down 0.2%

NEWT opened at $13.23 on Friday. The stock has a market capitalization of $381.82 million, a P/E ratio of 5.83 and a beta of 1.29. NewtekOne, Inc. has a 12-month low of $9.59 and a 12-month high of $14.91. The stock has a 50-day moving average price of $12.70 and a 200-day moving average price of $12.39.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities research analysts predict that NewtekOne, Inc. will post 2.38 EPS for the current year.

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 24th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.76 annualized dividend and a yield of 5.7%. NewtekOne’s dividend payout ratio is currently 33.48%.

Institutional Investors Weigh In On NewtekOne

Several institutional investors and hedge funds have recently bought and sold shares of NEWT. Patriot Financial Partners GP II L.P. purchased a new stake in NewtekOne in the 3rd quarter worth approximately $26,423,000. North Reef Capital Management LP purchased a new stake in NewtekOne in the 3rd quarter worth approximately $4,430,000. Price T Rowe Associates Inc. MD lifted its holdings in NewtekOne by 1,987.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 357,106 shares of the business services provider’s stock worth $4,054,000 after buying an additional 340,000 shares during the period. Goldman Sachs Group Inc. lifted its holdings in NewtekOne by 119.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after buying an additional 298,830 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in NewtekOne by 111.5% in the 2nd quarter. AQR Capital Management LLC now owns 355,847 shares of the business services provider’s stock worth $4,014,000 after buying an additional 187,578 shares during the period. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEWT. Keefe, Bruyette & Woods increased their target price on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Piper Sandler increased their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NewtekOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.