NewtekOne (NASDAQ:NEWT) Director Craig Jeffry Brunet Acquires 1,000 Shares of Stock

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

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

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

NewtekOne Trading Up 4.7%

Shares of NEWT stock opened at $13.25 on Friday. The stock has a market capitalization of $382.40 million, a P/E ratio of 5.84 and a beta of 1.29. The firm’s 50 day moving average is $12.66 and its 200 day moving average is $12.39. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91.

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

NewtekOne Announces Dividend

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

Analyst Upgrades and Downgrades

NEWT has been the topic of a number of analyst reports. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Keefe, Bruyette & Woods upped their target price on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Piper Sandler upped their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Hedge Funds Weigh In On NewtekOne

A number of institutional investors have recently made changes to their positions in NEWT. Patriot Financial Partners GP II L.P. bought a new position in shares of NewtekOne in the 3rd quarter worth $26,423,000. North Reef Capital Management LP bought a new position in shares of NewtekOne in the 3rd quarter worth $4,430,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of 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 last quarter. Institutional investors own 38.35% of the company’s stock.

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.