Bread Financial (NYSE:BFH) Stock Price Up 4.3%

Bread Financial Holdings, Inc. (NYSE:BFH) shares shot up 4.3% on Friday . The stock traded as high as $44.87 and last traded at $44.87. 32,047 shares were traded during mid-day trading, a decline of 96% from the average session volume of 791,446 shares. The stock had previously closed at $43.00.

Wall Street Analyst Weigh In

BFH has been the subject of several research reports. BMO Capital Markets raised their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their target price on Bread Financial from $38.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 20th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, April 4th. Finally, Barclays lowered their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.92.

Bread Financial Stock Performance

The firm has a fifty day moving average of $40.64 and a 200-day moving average of $37.01. The firm has a market cap of $2.21 billion, a P/E ratio of 5.61, a PEG ratio of 0.19 and a beta of 1.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.08 EPS. Research analysts predict that Bread Financial Holdings, Inc. will post 5.63 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Hedge Funds Weigh In On Bread Financial

Several institutional investors have recently modified their holdings of BFH. Deutsche Bank AG lifted its holdings in shares of Bread Financial by 586.5% during the 3rd quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock valued at $24,370,000 after purchasing an additional 608,769 shares in the last quarter. Norges Bank acquired a new stake in Bread Financial in the 4th quarter valued at approximately $14,365,000. Jacobs Levy Equity Management Inc. acquired a new stake in Bread Financial in the 3rd quarter valued at approximately $13,687,000. Dimensional Fund Advisors LP raised its position in Bread Financial by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after buying an additional 256,221 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new stake in Bread Financial in the 4th quarter valued at approximately $7,263,000. 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.