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

NewtekOne, Inc. (NASDAQ:NEWT) announced a quarterly dividend on Monday, March 31st, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 6.35%.

NewtekOne has decreased its dividend by an average of 37.8% annually over the last three years. NewtekOne has a dividend 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 Price Performance

NASDAQ:NEWT opened at $11.96 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne has a 52 week low of $10.66 and a 52 week high of $15.49. The business’s 50-day simple moving average is $12.65 and its two-hundred day simple moving average is $13.00. The stock has a market cap of $314.44 million, a PE ratio of 6.68 and a beta of 1.33.

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

Wall Street Analyst Weigh In

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