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

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

Bread Financial has decreased its dividend by an average of 12.6% annually over the last three years. Bread Financial has a payout ratio of 9.5% indicating that 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 Price Performance

Shares of NYSE:BFH traded up $1.27 during trading on Friday, hitting $37.92. 62,311 shares of the company’s stock were exchanged, compared to its average volume of 789,644. The business’s 50-day simple moving average is $36.53 and its 200 day simple moving average is $33.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a 52-week low of $23.19 and a 52-week high of $41.89. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 2.56, a PEG ratio of 0.13 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.08 EPS. As a group, equities analysts predict that Bread Financial will post 6.8 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was 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 of the company’s stock, valued at approximately $10,454,591.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on BFH. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research note on Friday, January 26th. Barclays decreased their price objective on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their target price on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.