Bread Financial (NYSE:BFH) PT Raised to $61.00 at Bank of America

Bread Financial (NYSE:BFH) had its price objective hoisted by Bank of America from $54.00 to $61.00 in a research report released on Monday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other research firms also recently commented on BFH. BMO Capital Markets upped their price objective on Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a report on Friday, April 26th. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the stock a buy rating in a report on Friday, July 26th. Keefe, Bruyette & Woods reiterated an outperform rating and set a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. JMP Securities restated a market perform rating on shares of Bread Financial in a report on Thursday, June 20th. Finally, Evercore ISI upgraded shares of Bread Financial from an underperform rating to an in-line rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bread Financial currently has an average rating of Hold and an average target price of $48.60.

Bread Financial Stock Performance

NYSE BFH opened at $55.31 on Monday. The business’s 50-day moving average price is $47.34 and its 200 day moving average price is $41.23. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.41. Bread Financial has a twelve month low of $26.08 and a twelve month high of $55.68. The company has a market capitalization of $2.74 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.18 and a beta of 1.98.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. During the same period in the prior year, the firm posted $1.27 EPS. The company’s revenue was down 1.4% on a year-over-year basis. On average, research analysts predict that Bread Financial will post 7.04 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Bread Financial during the 1st quarter worth approximately $33,000. CWM LLC grew its position in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares in the last quarter. Point72 DIFC Ltd increased its stake in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares during the last quarter. National Bank of Canada FI raised its holdings in Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Pinnacle Holdings LLC bought a new position in Bread Financial during the 4th quarter valued at $83,000. Institutional investors and hedge funds 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.