Bread Financial (NYSE:BFH) Given New $64.00 Price Target at Stephens

Bread Financial (NYSE:BFHGet Rating) had its price objective decreased by Stephens to $64.00 in a research report report published on Tuesday, Stock Target Advisor reports.

A number of other research firms have also recently commented on BFH. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Bread Financial from $80.00 to $60.00 in a research report on Friday, July 29th. Morgan Stanley dropped their target price on Bread Financial from $67.00 to $45.00 and set an equal weight rating for the company in a report on Tuesday, July 12th. TheStreet downgraded Bread Financial from a c rating to a d+ rating in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods dropped their target price on Bread Financial from $100.00 to $81.00 in a report on Monday, July 11th.

Bread Financial Price Performance

BFH stock opened at $36.10 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $40.35. Bread Financial has a one year low of $34.55 and a one year high of $106.08. The company has a market capitalization of $1.80 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 0.30 and a beta of 1.99.

Bread Financial (NYSE:BFHGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($2.00). Bread Financial had a return on equity of 22.88% and a net margin of 11.74%. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $906.46 million. During the same period last year, the firm earned $5.84 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Research analysts anticipate that Bread Financial will post 7 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, August 11th. Bread Financial’s dividend payout ratio (DPR) is presently 9.07%.

Insider Activity at Bread Financial

In related news, Director Timothy J. Theriault purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $39.56 per share, with a total value of $98,900.00. Following the completion of the purchase, the director now directly owns 14,539 shares in the company, valued at $575,162.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

About Bread Financial

(Get Rating)

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 approximately 130 private label and co-brand credit card programs, as well as through Bread partnerships to approximately 500 small-and medium-sized businesses merchants; and Comenity-branded general purpose cash-back credit.

Further Reading

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