Bread Financial (NYSE:BFH) Raised to “In-Line” at Evercore ISI

Evercore ISI upgraded shares of Bread Financial (NYSE:BFHFree Report) from an underperform rating to an in-line rating in a report released on Thursday morning, Marketbeat Ratings reports. They currently have $45.00 target price on the stock, up from their prior target price of $42.00.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. Argus cut Bread Financial from a buy rating to a hold rating in a research note on Wednesday, May 1st. Wolfe Research upgraded 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 research report on Thursday, April 4th. BTIG Research assumed coverage on shares of Bread Financial in a research report on Friday, June 7th. They issued a neutral rating on the stock. Finally, BMO Capital Markets increased their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a market perform rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $40.92.

Check Out Our Latest Analysis on BFH

Bread Financial Stock Down 0.2 %

Shares of NYSE:BFH opened at $43.96 on Thursday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 0.20 and a beta of 1.94. The business’s 50 day moving average is $39.61 and its 200 day moving average is $36.61. Bread Financial has a 12-month low of $26.08 and a 12-month high of $44.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFHGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same quarter in the previous year, the company earned $9.08 EPS. The business’s revenue was down 23.1% compared to the same quarter last year. On average, sell-side analysts forecast that Bread Financial will post 5.63 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Investors Weigh In On Bread Financial

Several large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of Bread Financial in the 1st quarter valued at about $33,000. National Bank of Canada FI lifted its position in Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Bread Financial in the 4th quarter worth approximately $83,000. C M Bidwell & Associates Ltd. bought a new position in shares of Bread Financial in the 3rd quarter worth $116,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Bread Financial by 19.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after buying an additional 603 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Bread Financial (NYSE:BFH)

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