Bread Financial (NYSE:BFH) Given New $45.00 Price Target at Jefferies Financial Group

Bread Financial (NYSE:BFHFree Report) had its price target hoisted by Jefferies Financial Group from $35.00 to $45.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages also recently issued reports on BFH. JMP Securities reissued a market perform rating on shares of Bread Financial in a report on Thursday, June 20th. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. BMO Capital Markets increased their price target 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. Wolfe Research upgraded Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price objective for the company in a research report on Thursday, April 4th. Finally, Barclays increased their target price on Bread Financial from $26.00 to $32.00 and gave the stock an underweight rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $41.69.

Check Out Our Latest Analysis on Bread Financial

Bread Financial Stock Up 2.5 %

BFH stock opened at $46.04 on Tuesday. Bread Financial has a twelve month low of $26.08 and a twelve month high of $46.46. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.28 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. The business’s 50-day simple moving average is $41.90 and its 200 day simple moving average is $37.62.

Bread Financial (NYSE:BFHGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same period last year, the business earned $9.08 earnings per share. The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, research analysts anticipate that Bread Financial will post 5.64 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 shares during the period. Quadrature Capital Ltd grew its position in shares of Bread Financial by 2.4% during the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after buying an additional 611 shares during the period. ProShare Advisors LLC increased its stake in shares of Bread Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after acquiring an additional 688 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Bread Financial by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company’s stock valued at $1,608,000 after acquiring an additional 721 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Bread Financial by 3.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock valued at $823,000 after acquiring an additional 722 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bread Financial (NYSE:BFH)

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