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

Onespan Inc (NASDAQ:OSPN) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.13 per share on Friday, December 4th. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 13th.

Onespan has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Onespan to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 48.6%.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $25.66 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $945.57 million, a price-to-earnings ratio of 14.18, a PEG ratio of 1.75 and a beta of 1.59. The stock’s fifty day simple moving average is $17.81 and its 200 day simple moving average is $14.07. Onespan has a 52-week low of $10.07 and a 52-week high of $27.45.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Onespan had a return on equity of 16.09% and a net margin of 27.52%. The company had revenue of $63.89 million for the quarter, compared to analyst estimates of $57.43 million. As a group, sell-side analysts forecast that Onespan will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson upped their price objective on shares of Onespan from $16.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday. B. Riley Financial lifted their target price on shares of Onespan from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings raised shares of Onespan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. Finally, Rosenblatt Securities lowered shares of Onespan from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.