Bread Financial’s (BFH) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Bread Financial (NYSE:BFH) in a research note released on Monday morning,Benzinga reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada raised their price target on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. TD Cowen upped their price objective on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group raised 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. 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’s stock. According to data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial Price Performance

NYSE:BFH opened at $61.92 on Monday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.38 and a beta of 1.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The stock has a fifty day moving average of $62.13 and a 200 day moving average of $55.90. Bread Financial has a 52-week low of $32.10 and a 52-week high of $66.71.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results 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 return on equity of 12.41% and a net margin of 5.75%. On average, research analysts expect that Bread Financial will post 6.46 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company 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 dividend of $0.21 per share. 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 1.36%. Bread Financial’s dividend payout ratio is currently 15.14%.

Hedge Funds Weigh In On Bread Financial

Hedge funds have recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in Bread Financial during the 3rd quarter valued at approximately $810,000. Geode Capital Management LLC grew its stake in Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after purchasing an additional 13,459 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Bread Financial in the third quarter worth $576,000. Intech Investment Management LLC purchased a new position in Bread Financial during the third quarter valued at $3,550,000. Finally, Factorial Partners LLC boosted its holdings in shares of Bread Financial by 78.9% during the 3rd quarter. Factorial Partners LLC now owns 34,000 shares of the company’s stock valued at $1,618,000 after buying an additional 15,000 shares in the last quarter. Hedge funds and other 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.