Frank M. DeMaria, serving as the Chief Financial Officer for NewtekOne, Inc. (NASDAQ:NEWT), has executed a direct acquisition of company equity, according to a recent filing with the Securities and Exchange Commission.
On June 15, 2026, Mr. DeMaria purchased 500 shares of NewtekOne common stock. The transaction was executed at a price of $13.915 per share, totaling $6,957.
Following this direct acquisition, Mr. DeMaria now directly owns 36,736 shares of NewtekOne common stock. The insider purchase comes as the stock has delivered strong returns, gaining approximately 44% over the past year. According to InvestingPro analysis, NEWT appears undervalued at current levels, trading at a P/E ratio of 6.2 while offering a dividend yield of 5.43%. The company has maintained dividend payments for 12 consecutive years, one of several key insights available to InvestingPro subscribers.
In other recent news, NewtekOne, Inc. reported a strong performance for the first quarter of 2026, exceeding earnings per share (EPS) expectations with a result of $0.43, slightly above the projected $0.42. However, the company did not meet revenue forecasts for the same period. In addition to its earnings report, NewtekOne declared a quarterly cash 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, aimed at providing business and financial solutions to Payroc’s extensive merchant network. This alliance will grant Payroc merchants access to NewtekOne’s financing solutions, including loans ranging from $5,000 to $15 million. Furthermore, NewtekOne has appointed Fuad Capric as Chief Real-Time Payments Officer, focusing on enhancing the bank’s real-time payments capabilities.
These developments reflect NewtekOne’s ongoing efforts to expand its financial services and improve operational efficiency.