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Frank M. DeMaria, the Executive Vice President and Chief Financial Officer of NewtekOne, Inc. (NASDAQ:NEWT), has recently acquired 500 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased at $11.22 each, totaling $5,610. According to InvestingPro analysis, the stock appears undervalued at current levels, trading at an attractive P/E ratio of 5.8x. The company offers a notable 6.79% dividend yield and has maintained dividend payments for 11 consecutive years. Following this transaction, DeMaria’s total holdings amount to 33,526 shares. For deeper insights into NewtekOne’s valuation and 8 additional key metrics, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Newtek Business Services Corp reported its Q1 2025 earnings, showing a mixed financial performance. The company exceeded revenue expectations with $66.33 million, surpassing the forecast of $63.15 million, though earnings per share (EPS) slightly missed at $0.35 against the anticipated $0.36. Despite the minor EPS shortfall, the strong revenue performance reflects the company’s operational strength and strategic focus on digital banking and alternative lending. Newtek maintained its annual EPS guidance of $2.10-$2.50, projecting a 17% growth, with expectations of continued growth in its Alternative Loan Program and SBA (LON:SBA) lending. Analyst feedback from Piper Sandler and KBW highlighted the company’s approach to managing credit risk and the sustainability of its gains on loans. Additionally, there were notable management changes, with Newtek emphasizing its deep bench of experienced executives. These developments indicate Newtek’s strategic direction and operational adjustments amidst a challenging market environment.
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