Bread Financial (NYSE:BFH) Price Target Raised to $53.00

Bread Financial (NYSE:BFH) had its price objective lifted by Barclays from $51.00 to $53.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms also recently issued reports on BFH. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI increased their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.69.

Bread Financial Stock Down 0.8 %

Shares of BFH stock opened at $63.23 on Friday. The stock’s fifty day moving average price is $61.93 and its 200 day moving average price is $55.70. Bread Financial has a 1-year low of $32.10 and a 1-year high of $66.71. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 10.07 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. On average, research analysts expect that Bread Financial will post 7.6 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Bread Financial’s payout ratio is 13.38%.

Institutional Trading of Bread Financial

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. CWM LLC raised its position in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company’s stock worth $117,000 after acquiring an additional 747 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after purchasing an additional 1,033 shares in the last quarter. KBC Group NV grew its position in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after purchasing an additional 558 shares during the period. Finally, nVerses Capital LLC increased its stake in shares of Bread Financial by 700.0% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock worth $152,000 after purchasing an additional 2,800 shares in the last quarter. 99.52% of the stock is 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.