Barry Sloane, who serves as President, Chairman, and Chief Executive Officer of NewtekOne, Inc. (NASDAQ:NEWT), completed a purchase of the company's common stock on June 15, 2026. Mr. Sloane acquired 5,000 shares at a price of $14.20 per share, resulting in a total transaction value of $71,000. Following this acquisition, his direct ownership of NewtekOne common stock stands at 1,181,914 shares.
The insider transaction takes place as NewtekOne shares trade at $13.72, a level close to its 52-week high of $14.91. The stock has experienced a 40% gain over the past year. According to InvestingPro analysis, the stock appears undervalued, with a P/E ratio of 6.13 and a dividend yield of 5.54%. The company holds a "GOOD" financial health score and is included on InvestingPro's Most Undervalued list. Additional insights are available through the comprehensive Pro Research Report.
Key Developments
- Insider Buying: CEO Barry Sloane purchased 5,000 shares at $14.20 per share, bringing his total direct holdings to 1,181,914 shares.
- Financial Performance: NewtekOne reported Q1 2026 earnings per share (EPS) of $0.43, exceeding the projected $0.42. However, revenue did not meet forecasts.
- Strategic Initiatives: The company announced a partnership with Payroc WorldAccess, LLC, offering business and financial solutions to Payroc's merchant network. NewtekOne also appointed Fuad Capric as Chief Real-Time Payments Officer for Newtek Bank.
Risks and Uncertainties
- Revenue Miss: While EPS exceeded expectations, the company did not meet revenue forecasts for Q1 2026, indicating potential challenges in top-line growth.
- Market Volatility: The stock trades near its 52-week high, suggesting possible sensitivity to market fluctuations and valuation pressures.
- Execution Risk: The success of the Payroc partnership and new leadership appointments depends on effective integration and market adoption.
NewtekOne declared a quarterly dividend of $0.19 per share, payable on July 1, 2026, to shareholders of record as of June 24, 2026. The company also announced a strategic partnership with Payroc WorldAccess, LLC, which will provide business and financial solutions to Payroc's extensive merchant network. This alliance enables Payroc merchants to access NewtekOne's financing solutions, including loans ranging from $5,000 to $15 million.
Additionally, NewtekOne appointed Fuad Capric as Chief Real-Time Payments Officer for its subsidiary, Newtek Bank. Capric will focus on enhancing the bank's real-time payments capabilities. Shareholders recently approved the election of two directors, Richard Salute and Craig "CJ" Brunet, during the annual meeting. These developments reflect NewtekOne's ongoing efforts to strengthen its market position and expand its service offerings.
NEWT Included in our AI-picked strategies. Review strategies. 13.72▼-0.28(-2.00%) Closed. 15/06. USD. 14.02▲+0.30(+2.19%) Pre Market. 09:02:20. 1D. 1W. 1M. 6M. 1Y. 5Y. Max. Created with Highcharts 11.4.8. 13:30. 14:00. 14:30. 15:30. 16:00. 16:30. 17:00. 17:30. 18:00. 18:30. 19:00. 19:30. 13.5. 13.75. 14. 14.25. Analyze NEWT. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Spot the trade on NEWT before it happens. Most traders know the market. The hard part is the moment — which stock, right now, at what price. Chart analysis handles that. Our Vision AI scans your charts, spots the pattern before it plays out, and hands you the complete setup: entry, exit, done in under 60 seconds. Investors are already reporting a high accuracy rate, even on penny stocks. Flash Sale - Price Goes Up Soon.