Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Recommendation of “Hold” from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has been assigned an average rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $49.71.

BFH has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. BTIG Research assumed coverage on shares of Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen upped their target price on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.00 price target on shares of Bread Financial in a research report on Monday, June 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Bread Financial in the 1st quarter worth $33,000. CWM LLC increased its holdings in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd raised its position in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after purchasing an additional 397 shares during the last quarter. National Bank of Canada FI lifted its holdings in Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the period. Finally, Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the 4th quarter worth approximately $83,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Price Performance

BFH opened at $46.73 on Monday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.17 and a beta of 1.95. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $52.05 and a 200-day moving average price of $44.46. Bread Financial has a twelve month low of $26.08 and a twelve month high of $59.66.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same quarter last year, the company earned $1.27 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that Bread Financial will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.21 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.80%. Bread Financial’s payout ratio is currently 10.58%.

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.