Bread Financial Holdings, Inc. to Issue Quarterly Dividend of $0.21 (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, November 8th.

Bread Financial has decreased its dividend by an average of 12.6% per year over the last three years. Bread Financial has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Bread Financial to earn $6.25 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 13.4%.

Bread Financial Price Performance

Shares of Bread Financial stock opened at $62.77 on Thursday. Bread Financial has a 1-year low of $26.27 and a 1-year high of $63.01. The firm has a fifty day simple moving average of $51.09 and a 200-day simple moving average of $47.26. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.00 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the prior year, the firm earned $3.46 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts expect that Bread Financial will post 7.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BFH. Compass Point boosted their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Bank of America dropped their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Barclays decreased their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI boosted their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and a consensus target price of $49.64.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.