Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) 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.
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.
Check Out Our Latest Stock Analysis on Bread Financial
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.
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