NewtekOne CEO Barry Sloane Buys $116K Common Stock Amid Mixed Q1 Earnings

Barry Sloane, Chairman and CEO of NewtekOne, Inc., has recently made multiple insider purchases of the company's stock, acquiring 10,000 shares valued at approximately $116,000 at prices ranging from $11.56 to $11.68 per share. These purchases occur as NewtekOne trades at an attractive valuation with a low P/E ratio around 5.7 to 5.9 and offers a substantial dividend yield above 6.5%, signaling insider confidence despite some financial challenges. NewtekOne reported Q1 2025 earnings with revenue beating estimates at $66.33 million, although earnings per share slightly missed forecasts at $0.35 versus $0.36, with management maintaining full-year EPS guidance of $2.10-$2.50 and projecting 17% annual EPS growth. The company highlighted strong operational performance, including significant growth in loan securitizations, deposit growth, and the successful remote opening of 15,000 digital banking accounts, underscoring its strategic focus on digital banking and alternative lending. Analysts have mixed views with some lowering price targets due to credit environment concerns, but insider buying and management's optimism suggest confidence in NewtekOne's unique business model and growth prospects. Overall, insider ownership stands at about 6.3% of the company, reflecting alignment between leadership and shareholders.