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

NewtekOne, Inc. (NASDAQ:NEWT) declared a quarterly dividend on Friday, June 12th. Shareholders of record on Wednesday, June 24th will be given 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%annually over the last three years and has raised 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. 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

NEWT opened at $13.91 on Monday. The company’s 50-day simple moving average is $13.22 and its two-hundred day simple moving average is $12.66. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $401.44 million, a P/E ratio of 6.13 and a beta of 1.29. NewtekOne has a 52-week low of $9.59 and a 52-week high of $14.91.

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

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $14.20 per share, for a total transaction of $71,000.00. Following the completion of the transaction, the chief executive officer owned 1,181,914 shares of the company’s stock, valued at $16,783,178.80. This represents a 0.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 20,567 shares of company stock worth $288,496 in the last three months. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of NewtekOne during the 3rd quarter valued at $46,000. Quantbot Technologies LP bought a new position in NewtekOne in the 2nd quarter worth $107,000. Dumont & Blake Investment Advisors LLC bought a new position in NewtekOne in the 1st quarter worth $118,000. Cerity Partners LLC lifted its position in NewtekOne by 18.0% during the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in NewtekOne during the third quarter valued at $191,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Company Profile

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.