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Craig Jeffry Brunet, a director at NewtekOne, Inc. (NASDAQ:NEWT), recently acquired 500 shares of the company’s common stock. The shares were purchased at an average price of $12.4793, totaling approximately $6,239. This transaction took place on March 20, 2025, increasing Brunet’s direct ownership to 1,500 shares. The acquisition reflects a continued interest in NewtekOne by its board member.The insider purchase comes at an interesting time for NewtekOne, which currently trades at an attractive P/E ratio of 6.38 and offers a substantial 6.08% dividend yield, having maintained dividend payments for 10 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this $329 million market cap company.
In other recent news, NewtekOne, Inc. reported fourth-quarter 2024 earnings that exceeded market expectations, with an EPS of $0.69 compared to the forecasted $0.66. The company also reported a revenue of $75.37 million, surpassing the expected $68.14 million. Egan-Jones Ratings Company upgraded NewtekOne’s credit rating from "BBB+" to "A-", citing the company’s strong shareholder equity to asset ratio and improved efficiency ratio. Additionally, NewtekOne completed an offering of $30 million in notes, which it plans to use primarily for refinancing existing debt.
NewtekOne also announced the appointment of John O’Connor as the Chief Revenue Officer of its payment processing subsidiary, Newtek Merchant Solutions. O’Connor is expected to integrate merchant processing services with NewtekOne’s broader offerings. CEO Barry Sloane expressed confidence in O’Connor’s ability to drive growth in business deposit accounts. Keefe, Bruyette & Woods, Inc., and Raymond (NSE:RYMD) James & Associates, Inc. served as placement agents for the recent notes offering.
The company has provided guidance for 2025, with anticipated EPS ranging from $2.10 to $2.50 and expects $1 billion in loan originations for the year. These developments reflect NewtekOne’s strategic focus on expanding its loan portfolio and enhancing its market position.
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