Bread Financial (NYSE:BFH) Stock Rating Lowered by Argus

Argus lowered shares of Bread Financial (NYSE:BFH) from a buy rating to a hold rating in a report published on Wednesday morning, MarketBeat.com reports.

BFH has been the topic of several other reports. 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. Wolfe Research raised Bread Financial from a peer perform rating to an outperform rating and set a $48.00 target price on the stock in a research report on Thursday, April 4th. BMO Capital Markets increased their target price on Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a research report on Friday, April 26th. Evercore ISI lowered Bread Financial from an in-line rating to an underperform rating and increased their target price for the stock from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Finally, Barclays cut 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. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Bread Financial presently has an average rating of Hold and an average target price of $39.17.

Bread Financial Trading Down 1.0 %

Shares of Bread Financial stock opened at $40.81 on Wednesday. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The firm has a market cap of $2.02 billion, a PE ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.92. The business’s fifty day moving average is $36.73 and its two-hundred day moving average is $33.34. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same period in the prior year, the company earned $9.08 EPS. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. Analysts anticipate that Bread Financial will post 5.72 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.06%. Bread Financial’s dividend payout ratio is presently 10.58%.

Institutional Trading of Bread Financial

Large investors have recently modified their holdings of the business. National Bank of Canada FI grew its stake in shares of Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after acquiring an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bread Financial during the fourth quarter worth about $83,000. Allspring Global Investments Holdings LLC lifted its position in shares of Bread Financial by 25.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after purchasing an additional 633 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Bread Financial during the third quarter worth about $116,000. Finally, Quest Partners LLC bought a new position in shares of Bread Financial during the fourth quarter worth about $145,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.