TD Cowen Increases Bread Financial (NYSE:BFH) Price Target to $57.00

Bread Financial (NYSE:BFH) had its price objective boosted by TD Cowen from $44.00 to $57.00 in a report issued on Friday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

BFH has been the topic of several other research reports. Evercore ISI upgraded Bread Financial from an underperform rating to an in-line rating and lifted their price objective for the stock from $42.00 to $45.00 in a report on Thursday, June 20th. Barclays lifted their price objective on Bread Financial from $32.00 to $37.00 and gave the stock an underweight rating in a report on Friday. Argus downgraded Bread Financial from a buy rating to a hold rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on Bread Financial from $39.00 to $45.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their price objective on Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $46.93.

Bread Financial Trading Down 3.5 %

NYSE BFH opened at $53.09 on Friday. The stock’s 50-day simple moving average is $44.63 and its two-hundred day simple moving average is $39.35. Bread Financial has a twelve month low of $26.08 and a twelve month high of $55.45. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.24 and a beta of 1.98.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share 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 business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same quarter last year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts forecast that Bread Financial will post 5.95 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.58%. Bread Financial’s payout ratio is 10.58%.

Institutional Trading of Bread Financial

Several large investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Bread Financial during the 2nd quarter valued at approximately $223,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bread Financial by 25.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,671 shares of the company’s stock valued at $520,000 after acquiring an additional 2,386 shares in the last quarter. Highland Capital Management LLC bought a new stake in Bread Financial during the 2nd quarter valued at approximately $245,000. Louisiana State Employees Retirement System boosted its position in Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after acquiring an additional 500 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in Bread Financial during the 2nd quarter valued at approximately $201,000. 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.