U.S. stocks edge higher; solid earnings season continues
Barry Sloane, Chairman and CEO of NewtekOne, Inc. (NASDAQ:NEWT), has made a series of acquisitions of the company’s common stock, according to a recent SEC filing. On May 13, 2025, Sloane purchased a total of 10,000 shares, with transaction prices ranging from $11.557 to $11.68 per share, amounting to a total value of approximately $116,125. The purchase comes as NewtekOne trades at an attractive P/E ratio of 5.94 and offers a substantial 6.57% dividend yield. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. After these transactions, Sloane’s direct ownership in NewtekOne stands at 1,180,459 shares. The timing of this insider purchase appears strategic, as the stock has shown strong momentum with a 16.75% return over the past week. InvestingPro subscribers can access 12 additional key insights about NewtekOne, including detailed valuation metrics and growth indicators.
In other recent news, Newtek Business Services Corp reported its Q1 2025 earnings, showcasing a mixed financial performance. The company experienced a slight miss on earnings per share (EPS), which came in at $0.35 compared to the forecasted $0.36. However, Newtek exceeded revenue expectations, reporting $66.33 million against a forecast of $63.15 million. This revenue beat highlights the company’s strong operational capabilities and strategic advancements in digital banking. Newtek also maintained its full-year EPS guidance of $2.10-$2.50, projecting a 17% growth. In terms of analyst activity, there were no upgrades or downgrades reported in the context provided. The company successfully opened 15,000 accounts remotely through its digital banking platform, demonstrating its focus on technological innovation and client acquisition. Additionally, Newtek’s management addressed concerns about credit quality and outlined strategies for future growth during the earnings call, reinforcing a positive outlook.
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