Bread Financial (NYSE:BFH) Lowered to “Market Perform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of Bread Financial (NYSE:BFH – Get Rating) from an outperform rating to a market perform rating in a research report report published on Thursday morning, The Fly reports.

Separately, Stephens reissued an overweight rating and issued a $64.00 price target on shares of Bread Financial in a research report on Friday, March 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Bread Financial presently has an average rating of Hold and an average target price of $53.00.

Bread Financial Price Performance

Shares of BFH stock opened at $31.46 on Thursday. Bread Financial has a twelve month low of $28.85 and a twelve month high of $62.75. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 0.19 and a beta of 1.98. The stock has a fifty day simple moving average of $39.24 and a two-hundred day simple moving average of $37.31. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84.

Bread Financial (NYSE:BFH – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The company reported ($2.68) EPS 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 analyst estimates of $1.01 billion. Bread Financial had a return on equity of 9.69% and a net margin of 5.13%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. On average, analysts predict that Bread Financial will post 9.5 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 9th. Bread Financial’s dividend payout ratio is currently 18.83%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in Bread Financial during the 3rd quarter valued at about $116,000. Ellevest Inc. grew its stake in Bread Financial by 61.0% during the 4th quarter. Ellevest Inc. now owns 702 shares of the company’s stock valued at $26,000 after purchasing an additional 266 shares during the last quarter. Eukles Asset Management purchased a new stake in Bread Financial during the 3rd quarter valued at about $26,000. Rockefeller Capital Management L.P. grew its stake in Bread Financial by 169.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock valued at $31,000 after purchasing an additional 530 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its stake in Bread Financial by 63.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 848 shares of the company’s stock valued at $27,000 after purchasing an additional 328 shares during the last quarter. 96.62% of the stock is 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.