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

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Monday, March 31st, RTT News reports. Investors of record on Tuesday, April 15th will be paid 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 6.35%.

NewtekOne has decreased its dividend payment by an average of 37.8% per year over the last three years. NewtekOne has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. 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

NEWT opened at $11.96 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne has a 12-month low of $10.66 and a 12-month high of $15.49. The firm has a 50 day moving average of $12.65 and a two-hundred day moving average of $13.00. The firm has a market capitalization of $314.44 million, a PE ratio of 6.68 and a beta of 1.33.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. B. Riley upped their target price on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Compass Point increased 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, March 20th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, NewtekOne has an average rating of “Hold” and a consensus price target 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.