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Gregory L. Zink, a director at NewtekOne, Inc. (NASDAQ:NEWT), recently acquired 500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The purchase, made on March 21, 2025, was at a price of $12.34 per share, amounting to a total transaction value of $6,170. The $324 million market cap company trades at an attractive P/E ratio of 6.4x and offers a substantial 6.2% dividend yield, which it has maintained for 10 consecutive years. Following this acquisition, Zink’s total holdings in NewtekOne stand at 31,924 shares. This transaction adds to Zink’s direct ownership of the company’s stock, reflecting his ongoing investment in the firm. According to InvestingPro analysis, NewtekOne appears undervalued, with analyst targets suggesting further upside potential. Discover more insights and 8 additional ProTips with an InvestingPro subscription, including detailed analysis of the company’s financial health score of GOOD.
In other recent news, NewtekOne, Inc. reported its fourth-quarter 2024 earnings, which exceeded market expectations. The company achieved an earnings per share (EPS) of $0.69, surpassing the forecasted $0.66, and reported revenue of $75.37 million, which was higher than the anticipated $68.14 million. Additionally, NewtekOne successfully completed a $30 million offering of 8.375% notes due in 2030, with the funds primarily intended to refinance existing debt. Egan-Jones Ratings Company upgraded NewtekOne’s credit rating from "BBB+" to "A-", citing strong shareholder equity and improved efficiency ratios.
In personnel news, NewtekOne appointed John O’Connor as the Chief Revenue Officer of its payment processing subsidiary, Newtek Merchant Solutions. O’Connor brings extensive experience from Citigroup (NYSE:C) and Nationwide TFS, LLC, and aims to integrate merchant processing services with NewtekOne’s broader offerings. Furthermore, the company forecasts a 2025 EPS range of $2.10 to $2.50, with a focus on expanding its loan portfolio to reach $1 billion in loan originations. These developments reflect NewtekOne’s ongoing efforts to strengthen its financial position and enhance its service offerings.
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