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

NewtekOne, Inc. (NASDAQ:NEWT) Director Craig Jeffry Brunet acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was bought 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 of the company’s stock, valued at approximately $91,249.50. This represents a 16.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 bought at an average price of $12.72 per share, with a total value of $4,197.60.

NewtekOne Price Performance

NewtekOne stock opened at $13.23 on Friday. The firm has a 50 day simple moving average of $12.70 and a 200-day simple moving average of $12.39. The stock has a market capitalization of $381.82 million, a PE 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.

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, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $88.18 million during 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, analysts forecast that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The firm 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. This represents a $0.76 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Tuesday, March 24th. NewtekOne’s dividend payout ratio (DPR) is presently 33.48%.

Institutional Investors Weigh In On NewtekOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in NewtekOne by 3.8% in the 4th quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock worth $241,000 after buying an additional 775 shares in the last quarter. Kestra Advisory Services LLC lifted its position in NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock worth $208,000 after buying an additional 1,209 shares in the last quarter. Cerity Partners LLC lifted its position in NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after buying an additional 2,095 shares in the last quarter. Rhumbline Advisers lifted its position in 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 buying an additional 2,108 shares in the last quarter. Finally, Man Group plc lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEWT. Keefe, Bruyette & Woods raised 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. Piper Sandler raised 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. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NewtekOne presently has an average rating of “Moderate Buy” and an average price target 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.