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

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Tuesday, September 30th, RTT News reports. Investors of record on Tuesday, October 14th will be given a dividend of 0.19 per share by the business services provider on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, October 14th.

NewtekOne has a payout ratio of 33.3% 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 Price Performance

NASDAQ NEWT opened at $11.37 on Thursday. NewtekOne has a 1 year low of $9.12 and a 1 year high of $15.49. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $299.26 million, a price-to-earnings ratio of 5.66 and a beta of 1.26. The stock’s fifty day moving average price is $11.90 and its 200 day moving average price is $11.33.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. NewtekOne had a net margin of 14.65% and a return on equity of 19.16%. The company had revenue of $70.20 million for the quarter, compared to analyst estimates of $73.88 million. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, equities research analysts forecast that NewtekOne will post 1.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $13.00 price target (up from $12.00) on shares of NewtekOne in a report on Friday, September 19th. Piper Sandler upped their price target on shares of NewtekOne from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Finally, B. Riley began coverage on shares of NewtekOne in a report on Monday, September 15th. They issued a “buy” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

NewtekOne Company Profile

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.