Insider Trading June 15, 2026 10:19 AM

NewtekOne CEO Barry Sloane Executes $156K Stock Purchase Amid Strategic Expansion

Insider buying coincides with Q1 earnings beat and new partnerships, highlighting management's confidence in the fintech firm's operational trajectory.

By Priya Menon
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NEWT

NewtekOne Inc. (NASDAQ: NEWT) President, Chairman, and CEO Barry Sloane purchased 11,000 shares of common stock on June 15, 2026, valued at $156,260. The transaction occurred at prices between $14.199 and $14.265 per share, aligning closely with the stock's current trading level of $14.23. This acquisition brings Sloane's total direct holdings to 1,176,914 shares. The insider activity follows a strong annual performance for the stock, which has returned 44% over the past year and trades at a P/E ratio of 6.36. Market analysis suggests the equity may be undervalued at current levels. In parallel with the insider purchase, NewtekOne reported first-quarter 2026 earnings per share of $0.43, surpassing the $0.42 consensus estimate, though revenue fell short of forecasts. The company also declared a $0.19 quarterly cash dividend payable on July 1, 2026, and announced a strategic partnership with Payroc WorldAccess, LLC to serve over 190,000 merchants. Additionally, Fuad Capric was appointed Chief Real-Time Payments Officer at Newtek Bank to enhance real-time payment capabilities.

NewtekOne CEO Barry Sloane Executes $156K Stock Purchase Amid Strategic Expansion
NEWT
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Key Points

  • Insider Buying Activity: CEO Barry Sloane purchased $156,260 worth of stock, signaling management confidence in the firm's valuation and future prospects.
  • Financial Performance: NewtekOne reported Q1 2026 EPS of $0.43, beating estimates, though revenue missed forecasts, highlighting mixed operational results.
  • Strategic Expansion: The company is expanding its fintech footprint through a partnership with Payroc WorldAccess and leadership appointments to enhance real-time payment capabilities.

Barry Sloane, serving as President, Chairman, and Chief Executive Officer of NewtekOne, Inc. (NASDAQ: NEWT), executed a significant acquisition of company equity on June 15, 2026. The transaction involved the purchase of 11,000 shares of common stock, totaling $156,260. These shares were acquired through a series of trades executed at prices ranging from $14.199 to $14.265 per share. This price range aligns closely with the stock's current trading level of $14.23. Following this acquisition, Sloane's direct ownership of NewtekOne common stock stands at 1,176,914 shares.


The insider purchase occurs against a backdrop of strong recent performance for the equity. Over the past twelve months, the stock has delivered a 44% return. It currently trades at a price-to-earnings (P/E) ratio of 6.36. According to analysis from InvestingPro, NEWT appears undervalued at present levels and is featured among the most undervalued equities in the market.


Concurrent with the insider activity, NewtekOne reported its financial results for the first quarter of 2026. The company posted earnings per share (EPS) of $0.43, which exceeded the analyst consensus estimate of $0.42. Despite this positive earnings surprise, the company did not meet revenue forecasts for the period. In addition to the earnings report, NewtekOne declared a quarterly cash dividend of $0.19 per share. This dividend will be payable on July 1, 2026, to shareholders of record as of June 24, 2026.


Strategic developments also continue to shape the company's operational landscape. NewtekOne announced a partnership with Payroc WorldAccess, LLC. This collaboration aims to deliver business and financial solutions to more than 190,000 active merchants within Payroc's network. Furthermore, the company appointed Fuad Capric as Chief Real-Time Payments Officer at its subsidiary, Newtek Bank. Capric's role is focused on enhancing the bank's real-time payments capabilities. These moves reflect ongoing efforts to expand financial services offerings and improve operational efficiency.

Risks

  • Revenue Miss: The company's failure to meet revenue forecasts in Q1 2026 presents a risk to growth expectations and may impact short-term investor sentiment.
  • Valuation Uncertainty: While analysis suggests the stock is undervalued, the low P/E ratio of 6.36 may reflect market concerns about future earnings sustainability.
  • Execution Risk: The success of the strategic partnership with Payroc and the appointment of new leadership depends on effective integration and execution in the competitive fintech sector.

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