Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
Craig Jeffry Brunet, a director at NewtekOne, Inc. (NASDAQ:NEWT), recently acquired 1,000 shares of the company’s common stock. The shares were purchased at a price of $10.9442 each, totaling approximately $10,944. The purchase comes as NewtekOne trades near $11.04, with the stock down about 29% over the past six months. The company currently offers a notable 7.32% dividend yield and trades at a P/E ratio of 5.64. Following this transaction, Brunet now holds a total of 2,500 shares directly. This acquisition was disclosed in a recent SEC filing, highlighting Brunet’s continued investment in the company, which currently has a market capitalization of $300 million. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 12 additional exclusive insights available to subscribers, including detailed insider trading patterns and comprehensive valuation metrics.
In other recent news, Newtek Business Services Corp reported its Q1 2025 financial results, showcasing a mixed performance. The company exceeded revenue expectations with $66.33 million, surpassing the forecasted $63.15 million. However, earnings per share (EPS) slightly missed projections, coming in at $0.35 against the anticipated $0.36. Despite this, Newtek maintained its full-year EPS guidance of $2.10-$2.50, indicating a 17% projected growth. The company highlighted its successful digital banking initiatives, including the remote opening of 15,000 accounts. Newtek also emphasized its strategic focus on technology and client acquisition as key drivers of its revenue growth. Additionally, the firm noted its ongoing efforts to expand business deposits and its Alternative Loan Program. During the earnings call, Newtek addressed credit quality concerns and outlined strategies for future growth, reinforcing a positive outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.