Bread Financial (NYSE:BFH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

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

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

Bread Financial Stock Performance

Shares of BFH opened at $66.32 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $55.26 and a 200-day moving average of $50.75. The company has a market cap of $3.30 billion, a PE ratio of 10.56 and a beta of 1.96. Bread Financial has a one year low of $28.00 and a one year high of $66.56.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million for the quarter, compared to the consensus estimate 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 previous year, the business posted $3.46 EPS. As a group, equities analysts forecast that Bread Financial will post 7.49 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.27%. Bread Financial’s dividend payout ratio is presently 13.38%.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of 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. Neo Ivy Capital Management acquired a new position in Bread Financial during the second quarter worth about $3,109,000. Pallas Capital Advisors LLC acquired a new stake in shares of Bread Financial in the 2nd quarter valued at approximately $201,000. Louisiana State Employees Retirement System grew its holdings in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new position in Bread Financial during the 2nd quarter worth approximately $245,000. 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.