Newtekone president buys $5,530 in common stock

Peter Mathison Downs, President of Newtek Bank, N.A., recently purchased 500 shares of NewtekOne, Inc. (NASDAQ:NEWT) common stock. The shares were acquired at a price of $11.06 each, totaling approximately $5,530. The purchase comes as NewtekOne trades at an attractive valuation with a P/E ratio of 5.7x and offers a substantial 6.79% dividend yield, which the company has maintained for 11 consecutive years. Following this transaction, Downs directly owns 93,685 shares of the company, representing a notable stake in the $295 million market cap financial institution. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available through their comprehensive Pro Research Report, which covers over 1,400 US stocks.

In other recent news, Newtek Business Services Corp reported its Q1 2025 earnings, showcasing a mixed financial performance with a significant revenue beat but a slight miss on earnings per share (EPS). The company achieved revenue of $66.33 million, surpassing the forecast of $63.15 million, while EPS came in at $0.35, just below the expected $0.36. Despite the minor EPS miss, the company’s strong revenue growth reflects its operational strength, particularly in digital banking and alternative lending programs. Management has maintained its annual EPS guidance of $2.10-$2.50, anticipating continued growth in its lending programs. Analysts have noted the company’s strategic advancements, with firms like Piper Sandler and KBW participating in the recent earnings call to discuss the company’s financial strategies and market position. Additionally, the company has been focusing on its digital banking platform, successfully opening 15,000 accounts remotely. These developments indicate Newtek’s ongoing efforts to expand its market presence and enhance its financial performance.

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