Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $49.71

Bread Financial Holdings, Inc. (NYSE:BFH) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.71.

Several brokerages recently issued reports on BFH. TD Cowen boosted their price target on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Compass Point boosted their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Finally, BTIG Research initiated coverage on Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $48.35 on Monday. The stock has a market cap of $2.40 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The business has a fifty day simple moving average of $51.58 and a 200-day simple moving average of $44.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter last year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Bread Financial will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.74%. Bread Financial’s dividend payout ratio is presently 10.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BFH. Norges Bank bought a new stake in Bread Financial in the 4th quarter worth about $14,365,000. Allianz Asset Management GmbH bought a new position in shares of Bread Financial in the 4th quarter worth $1,823,000. Basswood Capital Management L.L.C. bought a new position in shares of Bread Financial during the 4th quarter valued at $7,263,000. Azora Capital LP bought a new position in shares of Bread Financial during the 4th quarter valued at $5,292,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Bread Financial by 20.0% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 392,260 shares of the company’s stock valued at $12,921,000 after buying an additional 65,450 shares during the period. 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.