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

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, November 8th.

Bread Financial has decreased its dividend by an average of 12.6% annually over the last three years. Bread Financial has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Bread Financial stock opened at $52.76 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.62 billion, a PE ratio of 8.40 and a beta of 1.94. Bread Financial has a 12-month low of $26.27 and a 12-month high of $59.66. The business’s 50-day moving average price is $50.99 and its two-hundred day moving average price is $47.15.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. During the same period last year, the firm posted $3.46 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that Bread Financial will post 7.59 earnings per share for the current fiscal year.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BFH. TD Cowen raised their price objective on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Bank of America lowered their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Evercore ISI boosted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.64.

About Bread Financial

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.