Bread Financial (NYSE:BFH) Price Target Raised to $68.00

Bread Financial (NYSE:BFH) had its price target lifted by Royal Bank of Canada from $62.00 to $68.00 in a research note released on Friday,Benzinga reports. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group upped their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods upped their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, TD Cowen lifted their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Stock Down 0.8 %

Shares of BFH stock opened at $63.23 on Friday. Bread Financial has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The firm has a market capitalization of $3.14 billion, a PE ratio of 10.07 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50-day simple moving average is $61.93 and its 200-day simple moving average is $55.64.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Equities analysts expect that Bread Financial will post 7.6 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.33%. Bread Financial’s payout ratio is currently 13.38%.

Institutional Trading of Bread Financial

A number of hedge funds have recently added to or reduced their stakes in BFH. GAMMA Investing LLC grew its stake in shares of Bread Financial by 33.5% during the 3rd 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. CWM LLC raised its holdings in shares of Bread Financial by 43.7% during the 3rd quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after buying an additional 747 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock worth $125,000 after purchasing an additional 1,033 shares in the last quarter. KBC Group NV lifted its holdings in Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after buying an additional 558 shares in the last quarter. Finally, nVerses Capital LLC boosted its holdings in Bread Financial by 700.0% in the third quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock valued at $152,000 after purchasing an additional 2,800 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

About Bread Financial

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.