Bread Financial (NYSE:BFH) Given “Sector Perform” Rating at Raymond James

Raymond James restated their sector perform rating on shares of Bread Financial (NYSE:BFH) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $43.00 price objective on the stock, down from their prior price objective of $46.00.

A number of other research firms also recently weighed in on BFH. Royal Bank of Canada downgraded Bread Financial from an outperform rating to a sector perform rating and reduced their price target for the stock from $46.00 to $43.00 in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Bread Financial from $41.00 to $49.00 and gave the company an overweight rating in a research report on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $42.13.

Bread Financial Stock Down 4.3 %

Bread Financial stock opened at $37.07 on Tuesday. Bread Financial has a twelve month low of $23.19 and a twelve month high of $44.52. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $36.85 and a 200-day moving average of $32.77. The stock has a market capitalization of $1.86 billion, a PE ratio of 3.69, a price-to-earnings-growth ratio of 0.09 and a beta of 1.97.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 27th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $1.04. Bread Financial had a net margin of 10.05% and a return on equity of 20.52%. The firm had revenue of $952.00 million during the quarter, compared to analyst estimates of $0.41 million. On average, equities research analysts anticipate that Bread Financial will post 12.92 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. Bread Financial’s dividend payout ratio (DPR) is currently 8.37%.

Insider Activity at Bread Financial

In other Bread Financial news, Director Roger H. Ballou purchased 2,400 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $41.78 per share, for a total transaction of $100,272.00. Following the completion of the purchase, the director now owns 34,842 shares of the company’s stock, valued at approximately $1,455,698.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Bread Financial

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada acquired a new position in Bread Financial in the third quarter valued at about $948,000. Macquarie Group Ltd. bought a new stake in shares of Bread Financial during the 3rd quarter worth approximately $44,000. BlackRock Inc. bought a new position in Bread Financial in the third quarter valued at approximately $153,464,000. Bank of New York Mellon Corp acquired a new position in Bread Financial during the third quarter valued at approximately $21,151,000. Finally, First Trust Advisors LP acquired a new stake in shares of Bread Financial in the 3rd quarter valued at $3,333,000. 99.52% of the stock is currently owned by institutional investors.

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.