Bread Financial (NYSE:BFH) Price Target Raised to $60.00 at Compass Point

Bread Financial (NYSE:BFH) had its price objective increased by Compass Point from $54.00 to $60.00 in a research report sent to investors on Friday, Benzinga reports. Compass Point currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Argus cut shares of Bread Financial from a buy rating to a hold rating in a report on Wednesday, May 1st. Jefferies Financial Group lifted their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the company a hold rating in a research note on Tuesday, July 9th. Barclays lifted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the company an underweight rating in a research note on Friday. JMP Securities reissued a market perform rating on shares of Bread Financial in a research note on Thursday, June 20th. Finally, BTIG Research began coverage on shares of Bread Financial in a research note on Friday, June 7th. They issued a neutral rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $46.93.

Bread Financial Trading Down 3.5 %

Shares of NYSE:BFH opened at $53.09 on Friday. Bread Financial has a 52-week low of $26.08 and a 52-week high of $55.45. The company has a market capitalization of $2.63 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.24 and a beta of 1.98. The company has a 50-day simple moving average of $44.63 and a 200 day simple moving average of $39.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.18 and a current ratio of 1.19.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.06. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. Sell-side analysts forecast that Bread Financial will post 5.95 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Institutional Investors Weigh In On Bread Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Denali Advisors LLC boosted its holdings in Bread Financial by 46.8% during the fourth quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock worth $5,053,000 after purchasing an additional 48,900 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after buying an additional 99,029 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Bread Financial during the 1st quarter valued at approximately $631,000. Bridgeway Capital Management LLC lifted its stake in shares of Bread Financial by 10.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after buying an additional 50,474 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Bread Financial during the 1st quarter worth approximately $623,000. 99.52% of the stock is owned by institutional investors.

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.