NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) announced 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 6.24%. The ex-dividend date of this dividend is Tuesday, April 15th.
NewtekOne has decreased its dividend 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. Equities 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 Up 0.7 %
NEWT stock traded up $0.09 during mid-day trading on Wednesday, reaching $12.17. The company had a trading volume of 165,494 shares, compared to its average volume of 165,382. The company has a market capitalization of $319.96 million, a price-to-earnings ratio of 6.80 and a beta of 1.33. NewtekOne has a 52 week low of $10.66 and a 52 week high of $15.49. The stock has a 50 day simple moving average of $12.61 and a two-hundred day simple moving average of $13.00. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its earnings results 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 business had revenue of $75.37 million for the quarter, compared to the consensus estimate of $69.55 million. As a group, equities analysts predict that NewtekOne will post 1.93 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Compass Point raised their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. B. Riley upped their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.50.
View Our Latest Stock Report on NEWT
About NewtekOne
(
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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.
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