Bread Financial (NYSE:BFH) Stock Rating Lowered by Argus

Argus downgraded shares of Bread Financial (NYSE:BFH) from a buy rating to a hold rating in a research report released on Wednesday, MarketBeat reports.

BFH has been the subject of a number of other research reports. Evercore ISI downgraded shares of Bread Financial from an in-line rating to an underperform rating and boosted their price objective for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. BMO Capital Markets boosted their price target on shares of Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a report on Friday, April 26th. Oppenheimer upgraded shares of Bread Financial from a market perform rating to an outperform rating and set a $52.00 price objective for the company in a research note on Friday, January 26th. Royal Bank of Canada reissued a sector perform rating and issued a $36.00 target price on shares of Bread Financial in a research note on Friday, January 26th. Finally, Barclays dropped their price objective on Bread Financial from $27.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of Hold and a consensus price target of $39.17.

Bread Financial Trading Down 1.0 %

Shares of NYSE BFH opened at $40.81 on Wednesday. The company’s fifty day moving average is $36.73 and its 200-day moving average is $33.32. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 5.14, a P/E/G ratio of 0.17 and a beta of 1.92. Bread Financial has a twelve month low of $23.19 and a twelve month high of $41.89.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same period last year, the business posted $9.08 EPS. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts predict that Bread Financial will post 5.72 EPS for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. Bread Financial’s dividend payout ratio is 10.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BFH. GSA Capital Partners LLP bought a new stake in Bread Financial in the 1st quarter worth approximately $623,000. Jennison Associates LLC bought a new position in shares of Bread Financial during the 1st quarter valued at approximately $631,000. BNP Paribas Financial Markets boosted its stake in Bread Financial by 24.7% during the first quarter. BNP Paribas Financial Markets now owns 438,744 shares of the company’s stock worth $16,339,000 after buying an additional 86,921 shares during the period. Allspring Global Investments Holdings LLC increased its position in Bread Financial by 93.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company’s stock valued at $272,000 after acquiring an additional 3,529 shares during the last quarter. Finally, New Mexico Educational Retirement Board bought a new stake in shares of Bread Financial in the 1st quarter worth about $384,000. 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.