NewtekOne, Inc. Plans Quarterly Dividend of $0.19 (NASDAQ:NEWT)

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Monday, March 31st, RTT News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.19 per share by the business services provider on Wednesday, April 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Tuesday, April 15th.

NewtekOne has decreased its dividend payment by an average of 37.8% annually over the last three years. NewtekOne has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect NewtekOne to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 35.8%.

NewtekOne Trading Up 1.0 %

NASDAQ NEWT opened at $12.08 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market cap of $317.60 million, a price-to-earnings ratio of 6.75 and a beta of 1.33. NewtekOne has a twelve month low of $10.66 and a twelve month high of $15.49. The business’s fifty day moving average is $12.63 and its 200 day moving average is $13.01.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The company had revenue of $75.37 million for the quarter, compared to analysts’ expectations of $69.55 million. As a group, sell-side analysts expect that NewtekOne will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on NEWT shares. B. Riley raised their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Compass Point boosted their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

About NewtekOne

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.