Bread Financial (NYSE:BFH) Stock Price Down 4.4% – What’s Next?

Bread Financial Holdings, Inc. (NYSE:BFH) dropped 4.4% during trading on Tuesday . The stock traded as low as $60.00 and last traded at $60.34. Approximately 626,446 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 626,412 shares. The stock had previously closed at $63.13.

Analyst Upgrades and Downgrades

BFH has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday. The Goldman Sachs Group upped their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Compass Point raised their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. TD Cowen upped their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.69.

Bread Financial Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $61.93 and its 200-day moving average price is $55.70. The stock has a market cap of $2.99 billion, a P/E ratio of 10.85, a PEG ratio of 1.38 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Analysts forecast that Bread Financial Holdings, Inc. will post 6.46 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. Bread Financial’s dividend payout ratio is currently 15.14%.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 boosted its stake 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of 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 lifted its holdings in shares of Bread Financial by 36.1% during 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 last quarter. Finally, nVerses Capital LLC boosted its position in shares of Bread Financial by 700.0% in the 3rd 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.

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.