The recent insider purchases indicate a high level of confidence in the company from insiders, who see value in NewtekOne shares. Despite this, it is crucial to be aware of any associated risks with the company.

Bank leadership at Newtek Bank is hopeful that by harnessing Jennifer Merritt's knowhow, they can transition to more and lower-cost transactional deposit accounts. Advanced technology and software acquisitions are expected to reduce costs and diversify accounts towards more affordable, transaction-focused commercial customers by 2024.

While NewtekOne (NASDAQ:NEWT) reported Q3 earnings slightly better than expectations, their lowered guidance for 2023 earnings and disappointing guidance for 2024 which is under analyst average estimate of $2.35 could negatively impact investor sentiment and stock performance.