Bread Financial (NYSE:BFH) Trading Down 4.4% – Here’s Why

Bread Financial Holdings, Inc. (NYSE:BFH) was down 4.4% during trading on Tuesday . The stock traded as low as $60.00 and last traded at $60.34. Approximately 626,446 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 626,412 shares. The stock had previously closed at $63.13.

Analyst Ratings Changes

Several research firms have issued reports on BFH. Keefe, Bruyette & Woods upped their target price on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Evercore ISI boosted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays raised 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. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Monday. Finally, The Goldman Sachs Group increased their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.69.

Bread Financial Trading Down 4.6 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The company has a market capitalization of $2.99 billion, a PE ratio of 10.85, a PEG ratio of 1.38 and a beta of 1.93. The stock has a fifty day moving average of $61.93 and a 200 day moving average of $55.70.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.21 dividend. 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 currently 15.14%.

Hedge Funds Weigh In On Bread Financial

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 acquiring an additional 260 shares during the last quarter. CWM LLC raised its position in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after purchasing an additional 747 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Bread Financial by 64.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after purchasing 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 worth $128,000 after purchasing an additional 558 shares during the period. Finally, nVerses Capital LLC increased its position in shares of Bread Financial by 700.0% during the 3rd 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. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.