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Newtek Business ( (NEWT) ) has issued an announcement.
On April 1, 2026, NewtekOne, Inc. renewed for an additional year the employment agreements of Chief Executive Officer and President Barry Sloane, Chief Legal Officer and Corporate Secretary Michael A. Schwartz, and Chief Financial Officer and Executive Vice President Frank DeMaria. Newtek Bank, N.A., the company’s subsidiary, also renewed for one year the employment agreement of its president, Peter Downs.
The terms of Sloane’s agreement remain unchanged from the prior arrangement, while the renewed agreements for Downs, Schwartz, and DeMaria now include a non-renewal payment equal to one year of base compensation. The move underscores NewtekOne’s emphasis on continuity in its leadership team and provides greater clarity around executive retention and exit economics for key stakeholders.
The most recent analyst rating on (NEWT) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Newtek Business stock, see the NEWT Stock Forecast page.
Spark’s Take on NEWT Stock
According to Spark, TipRanks’ AI Analyst, NEWT is a Neutral.
The score is held back primarily by balance-sheet leverage and weak/volatile operating cash flow, despite strong profitability. Cheap valuation (low P/E and high yield) and a generally constructive earnings outlook support the score, while bearish technicals and continued credit/legacy portfolio risks limit upside near term.
To see Spark’s full report on NEWT stock, click here.
More about Newtek Business
NewtekOne, Inc. operates as a financial services provider through its subsidiary Newtek Bank, N.A., with a management structure led by a chief executive, chief financial officer, chief legal officer, and bank president. The company’s governance framework relies on formal employment and change-in-control agreements to structure executive compensation and retention.
Average Trading Volume: 261,429
Technical Sentiment Signal: Strong Sell
Current Market Cap: $318.3M
See more data about NEWT stock on TipRanks’ Stock Analysis page.