NewtekOne hires Bryce Rowe as Vice President of Investor Relations, enhancing investor engagement with his extensive experience.
Quiver AI Summary
NewtekOne, Inc. has appointed Bryce Rowe as Vice President of Investor Relations, effective immediately. With 25 years of experience as an equity research analyst, including a recent role at B. Riley Securities, Rowe will oversee all investor relations efforts for the company. Barry Sloane, President, Chairman, and CEO, expressed enthusiasm for Rowe's addition, highlighting his previous research experience and existing institutional relationships that will enhance the company's visibility among current and potential investors. Rowe is particularly drawn to NewtekOne's unique business model and its transition from a business development company to a financial holding company earlier in 2023. The company offers a comprehensive range of financial solutions aimed at supporting independent business owners across the United States.
Potential Positives
- The hiring of Bryce Rowe as Vice President of Investor Relations brings 25 years of industry experience, which can enhance the company's investor engagement strategy.
Potential Negatives
- The company is experiencing a significant leadership change in its investor relations department, which could indicate prior instability or dissatisfaction within that area.
- The mention of "significant risks and uncertainties" in the forward-looking statements may raise concerns among investors regarding the company's future performance.
- The transition from a BDC to a financial holding company can be complex and may present operational challenges, potentially affecting the company's business model and market perception.
FAQ
Who is the new Vice President of Investor Relations at NewtekOne?
Bryce Rowe has been appointed as the Vice President of Investor Relations at NewtekOne.
What experience does Bryce Rowe bring to NewtekOne?
Bryce Rowe has 25 years of experience as an equity research analyst covering small-cap banks and BDCs.
What is NewtekOne’s business model?
NewtekOne operates with a branchless, broker-less, and banker-less approach, focusing on profitability and efficiency.
What upcoming events will Bryce Rowe attend?
Bryce Rowe will attend the B. Riley Securities Annual Institutional Investor Conference and the 37th Annual Roth Conference.
What financial services does NewtekOne provide?
NewtekOne offers banking, business lending, SBA lending, payment processing, financing, insurance solutions, and technology services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NEWT Insider Trading Activity
$NEWT insiders have traded $NEWT stock on the open market 16 times in the past 6 months. Of those trades, 16 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NEWT stock by insiders over the last 6 months:
- BARRY SLOANE (Chairman & CEO) has made 8 purchases buying 46,134 shares for an estimated $554,647 and 0 sales.
- GREGORY L ZINK has made 3 purchases buying 2,500 shares for an estimated $31,704 and 0 sales.
- RICHARD J SALUTE has made 2 purchases buying 1,500 shares for an estimated $18,689 and 0 sales.
- PETER MATHISON DOWNS (Chief Lending Officer) purchased 750 shares for an estimated $9,697
- CRAIG JEFFRY BRUNET purchased 500 shares for an estimated $6,413
- SALVATORE FRANCIS MULIA purchased 500 shares for an estimated $5,860
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NEWT Hedge Fund Activity
We have seen 78 institutional investors add shares of $NEWT stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYCE & ASSOCIATES LP removed 303,831 shares (-40.4%) from their portfolio in Q4 2024, for an estimated $3,879,921
- FRANKLIN RESOURCES INC removed 250,067 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,115,834
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 192,073 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,393,229
- JACOBS ASSET MANAGEMENT, LLC removed 176,203 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,195,489
- GOLDMAN SACHS GROUP INC added 155,500 shares (+100.8%) to their portfolio in Q4 2024, for an estimated $1,985,735
- BANK OF NEW YORK MELLON CORP added 113,261 shares (+68.3%) to their portfolio in Q4 2024, for an estimated $1,446,342
- JPMORGAN CHASE & CO added 105,397 shares (+308.9%) to their portfolio in Q4 2024, for an estimated $1,345,919
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOCA RATON, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced today it has hired Bryce Rowe as Vice President, Investor Relations. Mr. Rowe will assume responsibility for all aspects of the Company’s investor relations functions. Mr. Rowe joins the Company with 25 years of experience as an equity research analyst covering small-cap banks and business development companies (BDCs). Most recently, Bryce was a senior equity research analyst at B. Riley Securities. Mr. Rowe holds a B.A. from the University of Virginia and was awarded the Chartered Financial Analyst (CFA) designation in 2003.
Barry Sloane, President, Chairman and CEO said, “We are thrilled to have acquired the talents of Mr. Rowe. As a former research analyst with existing institutional relationships, Mr. Rowe will be responsible for our continuing efforts to create awareness and understanding of the Company among the investor community, including current and potential investors. Mr. Rowe will be attending investor relations conferences, including the upcoming B. Riley Securities 25 th Annual Institutional Investor Conference and the 37 th Annual Roth Conference. We are excited to have attracted Mr. Rowe with his talents in the analytical areas of banking. In short order, Mr. Rowe has experienced a tremendous grasp of the NewtekOne business model and strategy and was extremely helpful in his attending the recent SFVegas asset-backed securities conference in Las Vegas. We look forward to introducing Mr. Rowe to our equity analysts as well as institutional investors.”
Mr. Rowe further commented, “The opportunity to join NewtekOne was one I couldn’t pass up. After following, researching, and observing hundreds of banks, bank holding companies, and BDCs throughout my career, I was intrigued by NewtekOne’s early 2023 conversion from a BDC to a financial holding company, by its unique operating model, featuring a branchless, broker-less, and banker-less approach, and by its above-average profitability. I am excited for the career shift from research analyst to the operational side and look forward to the challenge of growing NewtekOne’s profile among investors.”
About NewtekOne, Inc.
NewtekOne ® , Your Business Solutions Company ® , is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek ® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com).
Newtek
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,
NewtekOne
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Newtek Bank
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, National Association, Your Business Solutions Company
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, One Solution for All Your Business Needs
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and Newtek Advantage are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with
the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-2858 /
[email protected]