Bread Financial (NYSE:BFH) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Bread Financial (NYSE:BFH) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued an underweight rating and a $24.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. TD Cowen initiated coverage on Bread Financial in a report on Wednesday, November 1st. They issued a market perform rating for the company. Royal Bank of Canada cut Bread Financial from an outperform rating to a sector perform rating and reduced their target price for the company from $46.00 to $43.00 in a report on Tuesday, September 5th. Raymond James reissued a sector perform rating and set a $43.00 target price (down previously from $46.00) on shares of Bread Financial in a research note on Tuesday, September 5th. JPMorgan Chase & Co. raised their price target on Bread Financial from $41.00 to $49.00 and gave the stock an overweight rating in a research report on Tuesday, August 22nd. Finally, The Goldman Sachs Group lowered Bread Financial from a neutral rating to a sell rating and decreased their target price for the company from $44.00 to $32.00 in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of Hold and an average target price of $39.11.

Bread Financial Trading Up 4.3 %

Bread Financial stock opened at $27.47 on Wednesday. The stock has a market capitalization of $1.36 billion, a PE ratio of 2.55, a price-to-earnings-growth ratio of 0.08 and a beta of 2.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18. The business’s fifty day moving average is $30.80 and its 200 day moving average is $32.52. Bread Financial has a one year low of $23.19 and a one year high of $44.52.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 26th. The company reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $1.22. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $996.07 million. Bread Financial had a return on equity of 21.09% and a net margin of 10.50%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $2.69 earnings per share. On average, sell-side analysts predict that Bread Financial will post 12.76 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, November 10th. Bread Financial’s dividend payout ratio (DPR) is presently 7.80%.

Institutional Investors Weigh In On Bread Financial

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in shares of Bread Financial by 169.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock worth $31,000 after acquiring an additional 530 shares in the last quarter. CWM LLC boosted its position in Bread Financial by 255.2% during the 2nd quarter. CWM LLC now owns 1,190 shares of the company’s stock worth $37,000 after purchasing an additional 855 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Bread Financial by 42.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Bread Financial by 56.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,440 shares of the company’s stock valued at $44,000 after acquiring an additional 520 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Bread Financial during the third quarter valued at about $44,000. Hedge funds and other institutional investors 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.