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

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.21 per share on Friday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, August 8th.

Bread Financial has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $8.87 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 9.5%.

Bread Financial Trading Up 3.8%

Shares of Bread Financial stock traded up $2.32 during trading hours on Friday, hitting $63.32. The company's stock had a trading volume of 1,085,395 shares, compared to its average volume of 647,762. The firm has a fifty day moving average of $55.95 and a 200-day moving average of $54.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.18. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.18 and a beta of 1.38. Bread Financial has a twelve month low of $38.21 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.66 EPS. Research analysts forecast that Bread Financial will post 6.45 EPS for the current year.

Institutional Trading of Bread Financial

A number of large investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Bread Financial in the first quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bread Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company's stock valued at $1,482,000 after purchasing an additional 1,286 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Bread Financial by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company's stock worth $7,904,000 after buying an additional 4,624 shares in the last quarter. Millennium Management LLC grew its position in Bread Financial by 46.5% during the first quarter. Millennium Management LLC now owns 345,902 shares of the company's stock worth $17,323,000 after buying an additional 109,864 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Bread Financial by 104.8% in the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company's stock valued at $36,889,000 after buying an additional 376,920 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BFH shares. Morgan Stanley lifted their target price on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Royal Bank Of Canada increased their target price on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday. Wall Street Zen raised Bread Financial from a "hold" rating to a "strong-buy" rating in a research report on Saturday. BTIG Research set a $105.00 price objective on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group upped their target price on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $64.42.

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.