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

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Friday, June 12th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.19 per share by the business services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, June 24th.

NewtekOne has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. NewtekOne has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NewtekOne to earn $2.59 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 29.3%.

NewtekOne Stock Performance

NEWT opened at $13.91 on Monday. NewtekOne has a one year low of $9.59 and a one year high of $14.91. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $13.22 and a two-hundred day simple moving average of $12.66. The firm has a market capitalization of $401.44 million, a price-to-earnings ratio of 6.13 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.The firm had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Analysts predict that NewtekOne will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEWT. Weiss Ratings raised NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NewtekOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

About NewtekOne

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.