Bread Financial (NYSE:BFH) Stock Price Expected to Rise, Evercore ISI Analyst Says

Bread Financial (NYSE:BFH) had its price objective raised 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.

BFH has been the topic of a number of other reports. TD Cowen upped their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Barclays dropped their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.64.

Bread Financial Trading Up 1.8 %

Shares of BFH opened at $50.75 on Wednesday. Bread Financial has a twelve month low of $26.27 and a twelve month high of $59.66. The stock has a market cap of $2.52 billion, a PE ratio of 8.08, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.17 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $51.19 and its 200-day moving average price is $46.80.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. On average, equities analysts forecast that Bread Financial will post 7.59 EPS for the current fiscal year.

Bread Financial Announces Dividend

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

Insider Activity at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds have recently modified their holdings of BFH. Millennium Management LLC grew its stake in shares of Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after purchasing an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after buying an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Bread Financial by 86.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after acquiring an additional 224,545 shares in the last quarter. Vanguard Group Inc. lifted its stake in Bread Financial by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Bread Financial by 22.4% in the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after acquiring an additional 212,276 shares in 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.