Bread Financial (NYSE:BFH) Given “Market Perform” Rating at JMP Securities

JMP Securities restated their market perform rating on shares of Bread Financial (NYSE:BFH) in a research note published on Thursday, Benzinga reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada boosted their price target on Bread Financial from $38.00 to $45.00 and gave the company a sector perform rating in a research note on Thursday. Keefe, Bruyette & Woods restated an outperform rating and set a $67.00 price objective on shares of Bread Financial in a report on Monday. Argus downgraded Bread Financial from a buy rating to a hold rating in a report on Wednesday, May 1st. BTIG Research began coverage on Bread Financial in a report on Friday, June 7th. They set a neutral rating for the company. Finally, Wolfe Research upgraded Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price objective for the company in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Bread Financial presently has an average rating of Hold and a consensus target price of $40.92.

Bread Financial Price Performance

Shares of BFH opened at $44.05 on Thursday. Bread Financial has a 52-week low of $26.08 and a 52-week high of $44.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50 day moving average price is $39.42 and its two-hundred day moving average price is $36.41. The firm has a market cap of $2.18 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 0.18 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. During the same period last year, the firm posted $9.08 earnings per share. Bread Financial’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Bread Financial will post 5.63 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 10th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.91%. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BFH. Headlands Technologies LLC bought a new position in Bread Financial in the 1st quarter valued at $33,000. National Bank of Canada FI grew its stake in Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares during the period. Pinnacle Holdings LLC bought a new position in Bread Financial in the 4th quarter valued at $83,000. C M Bidwell & Associates Ltd. bought a new position in Bread Financial in the 3rd quarter valued at $116,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after purchasing an additional 603 shares during the period. Institutional investors own 99.52% of the company’s stock.

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.