Bread Financial (NYSE:BFH) Price Target Raised to $33.00

Bread Financial (NYSE:BFH - Free Report) had its price objective increased by BMO Capital Markets from $31.00 to $33.00 in a report published on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

BFH has been the subject of several other research reports. Royal Bank of Canada reissued a sector perform rating and set a $36.00 price objective on shares of Bread Financial in a report on Friday, January 26th. Oppenheimer raised shares of Bread Financial from a market perform rating to an outperform rating and set a $52.00 price target for the company in a report on Friday, January 26th. Wolfe Research raised shares of Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price target for the company in a report on Thursday, April 4th. Barclays lowered their price target on shares of Bread Financial from $27.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $36.00 to $40.00 and gave the company a neutral rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $36.64.

Bread Financial Price Performance

Shares of BFH traded up $0.33 during midday trading on Friday, hitting $36.98. 1,000,056 shares of the company traded hands, compared to its average volume of 801,585. The firm has a 50 day moving average of $36.53 and a 200-day moving average of $33.02. Bread Financial has a 52 week low of $23.19 and a 52 week high of $41.89. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 2.61, a PEG ratio of 0.13 and a beta of 1.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. During the same period last year, the company earned $9.08 EPS. The firm's revenue for the quarter was down 23.1% on a year-over-year basis. On average, analysts forecast that Bread Financial will post 6.8 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 9th. Bread Financial's dividend payout ratio (DPR) is presently 5.87%.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares of the company's stock, valued at $10,454,591.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Bread Financial

Institutional investors have recently bought and sold shares of the business. Denali Advisors LLC increased 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 valued at $5,053,000 after buying an additional 48,900 shares during the period. Quantbot Technologies LP grew its holdings in Bread Financial by 477.6% in the third quarter. Quantbot Technologies LP now owns 39,614 shares of the company's stock worth $1,355,000 after purchasing an additional 32,756 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Bread Financial in the third quarter worth $913,000. American Century Companies Inc. grew its holdings in Bread Financial by 16.5% in the third quarter. American Century Companies Inc. now owns 610,872 shares of the company's stock worth $20,892,000 after purchasing an additional 86,315 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in Bread Financial by 17.2% in the fourth quarter. First Hawaiian Bank now owns 8,479 shares of the company's stock worth $279,000 after purchasing an additional 1,245 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.