OneSpan Inc. (NASDAQ:OSPN) Plans — Dividend of $0.12

OneSpan Inc. (NASDAQ:OSPN) declared a — dividend on Wednesday, December 11th,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.12 per share on Friday, February 14th. The ex-dividend date of this dividend is Friday, January 31st.

OneSpan has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneSpan to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.7%.

OneSpan Stock Up 7.3 %

Shares of NASDAQ:OSPN opened at $19.93 on Wednesday. The company has a market cap of $757.14 million, a PE ratio of 26.93 and a beta of 0.77. OneSpan has a fifty-two week low of $9.22 and a fifty-two week high of $19.99. The company’s 50-day moving average price is $18.64 and its 200 day moving average price is $16.56.

OneSpan (NASDAQ:OSPN) last announced its earnings results on Wednesday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $56.24 million during the quarter. OneSpan had a return on equity of 23.27% and a net margin of 11.73%. During the same period in the prior year, the company earned $0.04 earnings per share. As a group, equities analysts anticipate that OneSpan will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Rosenblatt Securities increased their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $17.63.

Insider Activity at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the transaction, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.