Bread Financial (NYSE:BFH) Price Target Raised to $33.00

Bread Financial (NYSE:BFH) had its price target increased by BMO Capital Markets from $31.00 to $33.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a market perform rating on the stock.

BFH has been the subject of a number of other reports. Oppenheimer raised shares of Bread Financial from a market perform rating to an outperform rating and set a $52.00 price target for the company in a research note on Friday, January 26th. Royal Bank of Canada reissued a sector perform rating and set a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Wolfe Research raised shares of Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price target for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $36.00 to $40.00 and gave the stock a neutral rating in a research note on Friday, January 26th. Finally, Barclays decreased their price objective on shares of Bread Financial from $27.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $36.64.

Bread Financial Trading Up 0.9 %

Shares of NYSE BFH opened at $36.97 on Friday. Bread Financial has a 1-year low of $23.19 and a 1-year high of $41.89. The company has a market cap of $1.83 billion, a PE ratio of 4.66, a P/E/G ratio of 0.14 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 0.43. The company has a 50-day moving average of $36.52 and a two-hundred day moving average of $33.07.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm posted $9.08 earnings per share. As a group, equities analysts expect that Bread Financial will post 6.56 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI boosted its holdings in shares of Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares during the period. Pinnacle Holdings LLC acquired a new position in Bread Financial during the fourth quarter worth $83,000. Allspring Global Investments Holdings LLC boosted its holdings in Bread Financial by 25.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after purchasing an additional 633 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Bread Financial during the third quarter worth $116,000. Finally, Quest Partners LLC acquired a new position in Bread Financial during the fourth quarter worth $145,000. Institutional investors and hedge funds 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.