Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $59.69

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $59.69.

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. TD Cowen boosted their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th.

Bread Financial Trading Down 4.6 %

Shares of BFH stock opened at $60.21 on Friday. The company has a market cap of $2.99 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. Bread Financial has a 1 year low of $32.10 and a 1 year high of $66.71. The stock’s 50 day simple moving average is $62.05 and its two-hundred day simple moving average is $55.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Research analysts predict that Bread Financial will post 6.46 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. Bread Financial’s dividend payout ratio is presently 15.14%.

Institutional Trading of Bread Financial

A number of hedge funds have recently bought and sold shares of BFH. GAMMA Investing LLC raised its position in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. CWM LLC raised its holdings in Bread Financial by 43.7% in the third quarter. CWM LLC now owns 2,455 shares of the company’s stock worth $117,000 after purchasing an additional 747 shares in the last quarter. 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 valued at $125,000 after buying an additional 1,033 shares during the last quarter. KBC Group NV boosted its holdings in shares of Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares in the last quarter. Finally, nVerses Capital LLC grew its position in shares of Bread Financial by 700.0% in the 3rd quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock worth $152,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other 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.