Bread Financial (NYSE:BFH) Price Target Raised to $54.00

Bread Financial (NYSE:BFH) had its price target lifted by Evercore ISI from $52.00 to $54.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

A number of other brokerages have also commented on BFH. Barclays cut their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Royal Bank of Canada lifted their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Compass Point increased their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.64.

Bread Financial Trading Up 1.8 %

BFH opened at $50.75 on Wednesday. The firm’s fifty day simple moving average is $51.31 and its 200 day simple moving average is $46.59. The stock has a market capitalization of $2.52 billion, a P/E ratio of 8.08, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 12 month low of $26.27 and a 12 month high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.46 earnings per share. As a group, research analysts anticipate that Bread Financial will post 7.59 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is 13.38%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BFH. GAMMA Investing LLC boosted its stake in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Bread Financial by 6.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after buying an additional 278 shares during the last quarter. Arizona State Retirement System raised its stake in Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after acquiring an additional 279 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Bread Financial by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after buying an additional 500 shares in the last quarter. 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.