Keefe, Bruyette & Woods Issues Positive Forecast for Bread Financial (NYSE:BFH) Stock Price

Bread Financial (NYSE:BFH) had its price target lifted by Keefe, Bruyette & Woods from $67.00 to $88.00 in a report published on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on BFH. Evercore ISI lifted their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. TD Cowen lifted their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group raised their price objective on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Finally, Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.50.

Bread Financial Stock Up 2.0 %

Shares of BFH opened at $64.45 on Monday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.26 and a beta of 1.96. Bread Financial has a 52 week low of $28.00 and a 52 week high of $65.24. The stock’s 50-day moving average price is $54.51 and its 200-day moving average price is $50.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.46 EPS. On average, sell-side analysts predict that Bread Financial will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, November 8th. Bread Financial’s dividend payout ratio is currently 13.38%.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Bread Financial

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. CWM LLC boosted its holdings in Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the last quarter. Point72 DIFC Ltd grew its stake in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares during the period. National Bank of Canada FI increased its holdings in shares of Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after buying an additional 1,463 shares during the period. 99.52% of the stock is currently owned by hedge funds and other 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.