Bread Financial’s (BFH) “Overweight” Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Bread Financial (NYSE:BFH – Get Rating) in a research report released on Friday morning, Benzinga reports. They currently have a $64.00 target price on the stock.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $31.95 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.20 and a beta of 1.98. Bread Financial has a 1-year low of $28.85 and a 1-year high of $62.91. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $39.70 and a two-hundred day moving average price of $37.44.

Bread Financial (NYSE:BFH – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The company reported ($2.68) earnings per share for the quarter, topping the consensus estimate of ($3.67) by $0.99. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Bread Financial had a return on equity of 9.69% and a net margin of 5.13%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. Equities analysts predict that Bread Financial will post 9.5 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.63%. Bread Financial’s payout ratio is currently 18.83%.

Hedge Funds Weigh In On Bread Financial

Several institutional investors have recently modified their holdings of the stock. Chicago Capital LLC acquired a new position in shares of Bread Financial in the 3rd quarter valued at approximately $701,000. Thompson Investment Management Inc. acquired a new position in shares of Bread Financial in the 3rd quarter valued at approximately $6,391,000. New Mexico Educational Retirement Board acquired a new position in shares of Bread Financial in the 3rd quarter valued at approximately $245,000. Louisiana State Employees Retirement System acquired a new position in shares of Bread Financial in the 3rd quarter valued at approximately $418,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bread Financial in the 3rd quarter valued at approximately $224,000. 96.62% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Company Profile

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Bread Financial Holdings, Inc engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing, and servicing, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is headquartered in Columbus, OH.