Bread Financial (NYSE:BFH) Shares Up 3.8%

Bread Financial Holdings, Inc. (NYSE:BFH)’s stock price was up 3.8% during mid-day trading on Friday . The stock traded as high as $34.62 and last traded at $34.46. Approximately 103,443 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 769,043 shares. The stock had previously closed at $33.20.

Analyst Ratings Changes

Several analysts have issued reports on BFH shares. BMO Capital Markets dropped their target price on Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Monday, January 29th. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, January 26th. Evercore ISI cut Bread Financial from an “in-line” rating to an “underperform” rating and increased their target price for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Barclays dropped their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their target price on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.55.

Bread Financial Price Performance

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 2.41, a PEG ratio of 0.12 and a beta of 1.93. The stock has a 50-day moving average price of $36.66 and a two-hundred day moving average price of $32.89.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $1.57. The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $984.36 million. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned ($2.68) EPS. As a group, equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.8 EPS for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.44%. Bread Financial’s dividend payout ratio (DPR) is 5.87%.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $30.82, for a total value of $924,600.00. Following the completion of the transaction, the insider now owns 299,380 shares in the company, valued at approximately $9,226,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 135,000 shares of company stock worth $4,522,050 in the last 90 days. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in Bread Financial by 169.9% in 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 during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Bread Financial during the 3rd quarter valued at about $44,000. Steward Partners Investment Advisory LLC raised its stake in shares of Bread Financial by 42.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. Quarry LP raised its stake in shares of Bread Financial by 903.7% during the 1st quarter. Quarry LP now owns 1,887 shares of the company’s stock valued at $57,000 after buying an additional 1,699 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Bread Financial during the 2nd quarter valued at about $62,000. 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.