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

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.21 per share on Friday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, May 9th.

Bread Financial has decreased its dividend payment by an average of 12.6% annually over the last three years. Bread Financial has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Bread Financial to earn $7.13 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 11.8%.

Bread Financial Stock Up 3.5 %

Shares of BFH stock traded up $1.27 during trading hours on Friday, reaching $37.92. 62,311 shares of the company’s stock were exchanged, compared to its average volume of 789,644. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 2.56, a P/E/G ratio of 0.13 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $36.53 and its 200-day moving average is $33.02.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the prior year, the business posted $9.08 earnings per share. The firm’s revenue was down 23.1% compared to the same quarter last year. Analysts predict that Bread Financial will post 6.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $35.67, for a total value of $1,605,150.00. Following the completion of the transaction, the insider now owns 293,092 shares in the company, valued at approximately $10,454,591.64. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Oppenheimer raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, January 26th. Evercore ISI cut Bread Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Finally, Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.55.

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.