NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) announced a quarterly dividend on Monday, March 31st, RTT News reports. Shareholders 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 yield of 7.53%. The ex-dividend date of this dividend is Tuesday, April 15th.
NewtekOne has decreased its dividend payment by an average of 37.8% per year 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 Stock Down 8.8 %
NASDAQ NEWT traded down $0.97 during trading on Friday, hitting $10.09. The company's stock had a trading volume of 656,404 shares, compared to its average volume of 169,542. NewtekOne has a fifty-two week low of $9.76 and a fifty-two week high of $15.49. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $265.28 million, a PE ratio of 5.64 and a beta of 1.23. The business's 50 day simple moving average is $12.58 and its 200-day simple moving average is $12.99.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $69.55 million. On average, equities analysts anticipate that NewtekOne will post 1.93 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently commented on NEWT. Compass Point lifted 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 lifted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.50.
Check Out Our Latest Report on NEWT
NewtekOne Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider NewtekOne, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NewtekOne wasn't on the list.
While NewtekOne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
