Bread Financial (NYSE:BFH) PT Lowered to $57.00 at Bank of America

Bread Financial (NYSE:BFH) had its price target cut by Bank of America from $61.00 to $57.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on BFH. TD Cowen raised their price objective on Bread Financial from $44.00 to $57.00 and gave the company a hold rating in a report on Friday, July 26th. Compass Point raised their price target on shares of Bread Financial from $54.00 to $60.00 and gave the stock a buy rating in a research note on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a sector perform rating in a research note on Friday, July 26th. JMP Securities reiterated a market perform rating on shares of Bread Financial in a report on Thursday, June 20th. Finally, Barclays boosted their target price on Bread Financial from $32.00 to $37.00 and gave the stock an underweight rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Bread Financial currently has an average rating of Hold and an average price target of $49.71.

Bread Financial Stock Performance

BFH opened at $46.75 on Wednesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.17 and a beta of 1.95. The firm’s fifty day simple moving average is $52.13 and its two-hundred day simple moving average is $44.34. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 52-week low of $26.08 and a 52-week high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. During the same period in the previous year, the firm posted $1.27 EPS. Bread Financial’s revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Bread Financial will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.21 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. Bread Financial’s payout ratio is currently 10.58%.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after purchasing an additional 216,274 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bread Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after buying an additional 70,092 shares during the period. Wellington Management Group LLP grew its stake in shares of Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after buying an additional 152,954 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after buying an additional 657,968 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Bread Financial by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after acquiring an additional 71,777 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.