Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) announced a quarterly dividend on Thursday, January 25th, Zacks reports. Investors of record on Friday, February 9th will be given a dividend of 0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, February 8th.
Bread Financial has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $7.94 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 10.6%.
Bread Financial Stock Down 3.4 %
BFH stock opened at $34.31 on Tuesday. The company’s 50 day moving average price is $32.26 and its 200 day moving average price is $33.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $42.12. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 2.40, a PEG ratio of 0.17 and a beta of 1.93.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Morgan Stanley lowered shares of Bread Financial from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $31.00 to $25.00 in a research note on Wednesday, December 13th. The Goldman Sachs Group increased their price target on shares of Bread Financial from $27.00 to $31.00 and gave the company a “sell” rating in a research note on Monday, December 18th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Friday, January 26th. BMO Capital Markets dropped their price target on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a research note on Monday, January 29th. Finally, TD Cowen assumed coverage on shares of Bread Financial in a research report on Wednesday, November 1st. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Bread Financial has an average rating of “Hold” and an average target price of $37.42.
Insider Buying and Selling at Bread Financial
In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 293,092 shares of the company’s stock, valued at $10,454,591.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 494,000 shares of company stock valued at $16,014,460. 0.34% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Bread Financial in the third quarter valued at $267,000. Captrust Financial Advisors purchased a new position in shares of Bread Financial in the third quarter valued at $227,000. CIBC Asset Management Inc purchased a new position in shares of Bread Financial in the fourth quarter valued at $211,000. HighTower Advisors LLC purchased a new position in shares of Bread Financial in the third quarter valued at $209,000. Finally, UBS Group AG increased its position in shares of Bread Financial by 111.8% in the first quarter. UBS Group AG now owns 5,985 shares of the company’s stock valued at $181,000 after buying an additional 56,607 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
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.
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