NewtekOne, Inc. (NASDAQ: NEWT) saw a notable increase in direct ownership when director Craig J. Brunet acquired shares of the company’s common stock on June 3, 2026. Mr. Brunet purchased 1,000 shares at an average price of $12.6955 per share, amounting to total investment of $12,695.
This recent transaction occurred against a backdrop of specific valuation metrics for the stock. At the time of the purchase, the stock traded with a P/E ratio of 5.68 and offered a dividend yield of 6.01%. Furthermore, analysis conducted by InvestingPro indicated that NewtekOne appeared undervalued based on its Fair Value assessment.
Following this specific transaction, Mr. Brunet's direct ownership stake in NewtekOne now totals 7,185 shares.
Beyond the director's activity, the company has reported several significant operational and strategic developments. NewtekOne Inc. recently released its first-quarter 2026 earnings report. In this report, the company exceeded expectations for earnings per share (EPS), reporting $0.43 compared to the consensus forecast of $0.42.
Despite missing revenue forecasts, the stock's performance in after-hours trading reflected sustained investor confidence. This positive market reaction occurred even though the company did not meet its revenue projections.
The strategic growth initiatives are evident through key partnerships and internal appointments. First, NewtekOne announced a strategic alliance with Payroc WorldAccess, LLC. This partnership is designed to provide comprehensive business and financial solutions specifically tailored for Payroc’s extensive merchant network. Through this collaboration, merchants utilizing Payroc will gain access to NewtekOne’s various financing solutions, including loans that range from $5,000 up to $15 million.
In a separate development concerning its subsidiary, Newtek Bank, the institution appointed Fuad Capric as the Chief Real-Time Payments Officer. In this role, Capric will be tasked with integrating the bank’s real-time payments functionality. This integration is intended to enhance the bank's capacity to process eligible payments instantly for commercial clients.
These multiple recent developments collectively illustrate NewtekOne’s ongoing efforts to broaden its scope of financial services and improve its overall operational capabilities across different segments, from payment processing to direct financing solutions.