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

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.19 per share by the business services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Tuesday, March 24th.

NewtekOne has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. NewtekOne has a dividend payout ratio of 33.3% 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 Trading Up 0.4%

NASDAQ:NEWT opened at $11.78 on Friday. The stock has a market cap of $339.62 million, a price-to-earnings ratio of 5.38 and a beta of 1.25. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.67 and a current ratio of 0.71. NewtekOne has a 1 year low of $9.12 and a 1 year high of $14.91. The business has a fifty day moving average of $13.10 and a 200-day moving average of $11.88.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $120.83 million during the quarter, compared to the consensus estimate of $80.01 million. NewtekOne had a net margin of 15.51% and a return on equity of 18.83%. Equities analysts predict that NewtekOne will post 1.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on NEWT shares. Keefe, Bruyette & Woods upped their price target on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. Finally, Piper Sandler increased their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.00.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.