OneSpan Inc. (OSPN) To Go Ex-Dividend on January 31st

OneSpan Inc. (NASDAQ:OSPN) declared a — dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be given 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 35.3% meaning 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 Down 6.5 %

Shares of OSPN opened at $18.02 on Thursday. The company has a 50-day moving average price of $17.00 and a two-hundred day moving average price of $15.32. The stock has a market cap of $684.60 million, a price-to-earnings ratio of 24.35 and a beta of 0.77. OneSpan has a 12 month low of $9.22 and a 12 month high of $19.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, OneSpan currently has a consensus rating of “Buy” and an average price target of $17.63.

Insider Transactions at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by 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.