Bread Financial Holdings, Inc. (BFH) To Go Ex-Dividend on November 8th

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 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 8th.

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 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 Trading Up 4.2 %

NYSE:BFH opened at $52.76 on Wednesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 8.40 and a beta of 1.94. Bread Financial has a 1-year low of $26.27 and a 1-year 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. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last issued its 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 net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the company posted $3.46 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that Bread Financial will post 7.59 earnings per share for the current year.

Wall Street Analyst Weigh In

BFH has been the topic of a number of research analyst reports. Evercore ISI raised their price objective 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. Barclays cut their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Bank of America lowered their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.64.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.