16 hours Ago By ABMN Staff
NewtekOne, Inc. ( NASDAQ:NEWT – Get Free Report ) declared a quarterly dividend on Monday, September 16th, Wall Street Journal reports. Investors of record on Thursday, October 10th will be given a dividend of 0.
19 per share by the business services provider on Monday, October 21st. This represents a $0.76 annualized dividend and a yield of 6.
55%. The ex-dividend date is Thursday, October 10th. NewtekOne has decreased its dividend by an average of 29.
5% annually over the last three years. NewtekOne has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings.
Equities research analysts expect NewtekOne to earn $2.08 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 36.
5%. NewtekOne Price Performance Shares of NEWT traded up $0.28 during midday trading on Wednesday, hitting $11.
61. 225,635 shares of the company traded hands, compared to its average volume of 157,641. The stock has a market cap of $287.
16 million, a price-to-earnings ratio of 7.54 and a beta of 1.30.
The firm has a 50 day moving average of $12.82 and a 200-day moving average of $12.33.
The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.
42. NewtekOne has a 52 week low of $10.07 and a 52 week high of $16.
20. Insider Buying and Selling at NewtekOne In other news, CEO Barry Sloane acquired 6,649 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $12.
13 per share, with a total value of $80,652.37. Following the completion of the purchase, the chief executive officer now directly owns 1,147,323 shares of the company’s stock, valued at $13,917,027.
99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Company insiders own 6.
40% of the company’s stock. Wall Street Analyst Weigh In Separately, B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.
00 to $13.00 in a research report on Wednesday, September 4th. View Our Latest Research Report on NewtekOne About NewtekOne ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for NewtekOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewtekOne and related companies with MarketBeat.com's FREE daily email newsletter .
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