Onespan Inc (OSPN) To Go Ex-Dividend on March 13th

Onespan Inc (NASDAQ:OSPN) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be given a dividend of 0.13 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, March 13th. This is a 8.3% increase from Onespan’s previous quarterly dividend of $0.12.

Onespan has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Onespan to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.7%.

Onespan Price Performance

Onespan stock opened at $11.04 on Friday. The firm has a 50 day simple moving average of $11.96 and a 200-day simple moving average of $13.41. The stock has a market cap of $419.85 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.53. Onespan has a 1-year low of $10.17 and a 1-year high of $18.13.

Onespan (NASDAQ:OSPN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Onespan had a return on equity of 20.29% and a net margin of 29.98%.The firm had revenue of $62.92 million for the quarter, compared to analysts’ expectations of $59.78 million. Equities analysts expect that Onespan will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSPN. DA Davidson dropped their price objective on Onespan from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Onespan in a research report on Monday, December 29th. Finally, Rosenblatt Securities decreased their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Onespan Company Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.