NewtekOne, Inc. (NEWT) to Issue Quarterly Dividend of $0.19 on April 30th

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Monday, March 31st, RTT News reports. Investors 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 dividend yield of 6.29%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NEWT stock opened at $12.08 on Wednesday. The company’s fifty day simple moving average is $12.63 and its 200-day simple moving average is $13.01. NewtekOne has a 12 month low of $10.66 and a 12 month high of $15.49. 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 firm has a market cap of $317.60 million, a PE ratio of 6.75 and a beta of 1.33.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $75.37 million for the quarter, compared to analyst estimates of $69.55 million. Equities research analysts expect that NewtekOne will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

NewtekOne Company Profile

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.