NewtekOne, Inc. (NASDAQ:NEWT – Get Free Report) Director Gregory L. Zink purchased 1,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September 18th. The shares have been purchased at a mean price of $11.38 per share, for a complete transaction of $11,380.00. Following the transaction, the director now owns 32,017 shares of the corporate’s inventory, valued at $364,353.46. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is on the market at this hyperlink.
NewtekOne Inventory Efficiency
Shares of NEWT opened at $11.61 on Thursday. The inventory has a 50 day transferring common of $12.79 and a 200 day transferring common of $12.33. The corporate has a present ratio of 1.42, a fast ratio of 1.42 and a debt-to-equity ratio of 4.96. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month excessive of $16.20. The corporate has a market capitalization of $287.16 million, a price-to-earnings ratio of seven.49 and a beta of 1.30.
NewtekOne (NASDAQ:NEWT – Get Free Report) final launched its earnings outcomes on Monday, August fifth. The enterprise providers supplier reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. NewtekOne had a web margin of 14.94% and a return on fairness of 18.99%. The agency had income of $81.37 million in the course of the quarter, in comparison with the consensus estimate of $59.68 million. Throughout the identical interval within the prior 12 months, the agency earned $0.26 EPS. As a gaggle, sell-side analysts forecast that NewtekOne, Inc. will submit 1.9 earnings per share for the present 12 months.
NewtekOne Dividend Announcement
The corporate additionally just lately disclosed a quarterly dividend, which will probably be paid on Monday, October twenty first. Buyers of file on Thursday, October tenth will probably be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.55%. The ex-dividend date is Thursday, October tenth. NewtekOne’s dividend payout ratio (DPR) is presently 49.03%.
Analyst Upgrades and Downgrades
Individually, B. Riley lowered shares of NewtekOne from a “purchase” score to a “impartial” score and lowered their goal worth for the inventory from $16.00 to $13.00 in a analysis observe on Wednesday, September 4th.
Learn Our Newest Report on NEWT
Institutional Buyers Weigh In On NewtekOne
Institutional traders have just lately added to or lowered their stakes within the enterprise. Vanguard Group Inc. elevated its stake in shares of NewtekOne by 1.3% within the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the enterprise providers supplier’s inventory price $15,055,000 after buying an extra 17,505 shares within the final quarter. Marshall Wace LLP lifted its place in shares of NewtekOne by 200.3% in the course of the second quarter. Marshall Wace LLP now owns 270,549 shares of the enterprise providers supplier’s inventory price $3,401,000 after buying an extra 180,468 shares within the final quarter. American Century Corporations Inc. boosted its holdings in shares of NewtekOne by 27.2% within the second quarter. American Century Corporations Inc. now owns 190,712 shares of the enterprise providers supplier’s inventory price $2,397,000 after buying an extra 40,738 shares in the course of the interval. Financial institution of New York Mellon Corp grew its place in shares of NewtekOne by 3.7% within the second quarter. Financial institution of New York Mellon Corp now owns 184,053 shares of the enterprise providers supplier’s inventory valued at $2,314,000 after buying an extra 6,640 shares within the final quarter. Lastly, Ancora Advisors LLC raised its stake in shares of NewtekOne by 43.5% in the course of the 1st quarter. Ancora Advisors LLC now owns 130,933 shares of the enterprise providers supplier’s inventory valued at $1,440,000 after buying an extra 39,659 shares in the course of the interval. 38.35% of the inventory is owned by hedge funds and different institutional traders.
NewtekOne Firm Profile
NewtekOne, Inc operates because the financial institution holding firm for Newtek Financial institution, Nationwide Affiliation that engages within the provision of varied enterprise and monetary options underneath the Newtek model title to the small- and medium-sized enterprise market. The corporate accepts demand, financial savings, NOW, cash market, and time deposits; and supplies loans together with SBA loans, industrial and industrial loans, and industrial actual property loans.
See Additionally
Obtain Information & Rankings for NewtekOne Every day – Enter your e-mail deal with under to obtain a concise every day abstract of the most recent information and analysts’ rankings for NewtekOne and associated corporations with MarketBeat.com’s FREE every day e-mail publication.
