Gregory L. Zink Buys 1,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT) Stock

NewtekOne, Inc. (NASDAQ:NEWT) Director Gregory L. Zink purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $11.38 per share, with a total value of $11,380.00. Following the purchase, the director now directly owns 32,017 shares in the company, valued at approximately $364,353.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NewtekOne Stock Performance

Shares of NewtekOne stock traded up $0.35 on Wednesday, reaching $11.68. 68,732 shares of the company traded hands, compared to its average volume of 156,770. 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 firm has a market capitalization of $288.89 million, a PE ratio of 7.31 and a beta of 1.30. The company has a 50 day moving average of $12.82 and a 200 day moving average of $12.33. NewtekOne, Inc. has a 52 week low of $10.07 and a 52 week high of $16.20.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $81.37 million for the quarter, compared to analyst estimates of $59.68 million. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts forecast that NewtekOne, Inc. will post 1.9 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Tuesday, July 9th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Tuesday, July 9th. NewtekOne’s payout ratio is currently 49.03%.

Analyst Ratings Changes

Separately, 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 report on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NEWT. International Assets Investment Management LLC bought a new position in shares of NewtekOne in the second quarter worth $62,000. Cape Investment Advisory Inc. purchased a new stake in shares of NewtekOne in the fourth quarter worth about $89,000. Kinloch Capital LLC bought a new position in shares of NewtekOne in the first quarter valued at approximately $148,000. Jump Financial LLC purchased a new position in NewtekOne during the fourth quarter valued at approximately $155,000. Finally, BNP Paribas Financial Markets boosted its stake in NewtekOne by 124.5% during the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock valued at $158,000 after buying an additional 7,961 shares during the period. 38.35% of the stock is currently owned by hedge funds and other 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.