Bread Financial (NYSE:BFH) Stock Price Up 4.3%

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) rose 4.3% during mid-day trading on Friday . The company traded as high as $44.87 and last traded at $44.87. Approximately 32,047 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 791,446 shares. The stock had previously closed at $43.00.

Wall Street Analysts Forecast Growth

BFH has been the topic of a number of recent analyst reports. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Thursday, April 4th. Barclays cut their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. BMO Capital Markets raised their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. BTIG Research assumed coverage on Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Evercore ISI raised Bread Financial from an “underperform” rating to an “in-line” rating and raised their target price for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Bread Financial has an average rating of “Hold” and a consensus target price of $40.92.

Bread Financial Stock Up 3.6 %

The company’s fifty day moving average price is $40.64 and its 200-day moving average price is $37.01. The stock has a market capitalization of $2.21 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.19 and a beta of 1.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue was down 23.1% on a year-over-year basis. During the same period last year, the business earned $9.08 EPS. Analysts forecast that Bread Financial Holdings, Inc. will post 5.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Bread Financial during the 1st quarter valued at $33,000. National Bank of Canada FI lifted its stake in shares of Bread Financial by 1,280.6% during the 4th 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 in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the 4th quarter valued at $83,000. Allspring Global Investments Holdings LLC lifted 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 worth $124,000 after purchasing an additional 603 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Bread Financial in the 1st quarter worth $152,000. 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.