NewtekOne, Inc. (NEWT) to Issue Quarterly Dividend of $0.19 on July 1st

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) annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, June 24th.

NewtekOne has decreased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. NewtekOne has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NEWT stock opened at $13.91 on Monday. The firm has a market capitalization of $401.44 million, a price-to-earnings ratio of 6.13 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The firm’s 50 day moving average is $13.22 and its 200-day moving average is $12.66. NewtekOne has a 1 year low of $9.59 and a 1 year high of $14.91.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Sell-side analysts forecast that NewtekOne will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

NEWT has been the subject of a number of analyst reports. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings raised NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods lifted their price target on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average 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.