Bread Financial (NYSE:BFH) Stock Gets Price Target Trim from UBS Group

Bread Financial (NYSE:BFH) had its price objective reduced by UBS Group from $127.00 to $120.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the company. Barclays lowered their price target on Bread Financial from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, August 25th. Wells Fargo & Company started coverage on shares of Bread Financial in a research note on Friday, September 11th. They issued an “equal weight” rating and a $115.00 target price for the company. Finally, Citigroup reiterated a “market perform” rating on shares of Bread Financial in a report on Monday, October 26th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.71.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $104.79 on Monday. The company has a market cap of $3.98 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. Bread Financial has a 52 week low of $59.26 and a 52 week high of $114.53. The business has a 50 day moving average price of $103.78 and a 200-day moving average price of $92.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.50. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.02 earnings per share. Equities analysts anticipate that Bread Financial will post 12.51 earnings per share for the current fiscal year.

Bread Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.25 dividend. This is an increase from Bread Financial’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Bread Financial’s payout ratio is presently 7.26%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John Fawcett acquired 5,000 shares of Bread Financial stock in a transaction on Wednesday, October 28th. The stock was purchased at an average price of $24.70 per share, for a total transaction of $123,500.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $123,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently made changes to their positions in BFH. BlackRock Inc. bought a new stake in Bread Financial in the 2nd quarter valued at about $421,314,000. Dimensional Fund Advisors LP boosted its position in Bread Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after purchasing an additional 9,854 shares during the period. Hsbc Holdings PLC boosted its position in Bread Financial by 14.7% during the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock worth $74,667,000 after purchasing an additional 129,774 shares during the period. Bank of America Corp DE boosted its position in Bread Financial by 18.1% during the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after purchasing an additional 96,771 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of Bread Financial in the third quarter worth about $55,054,000. 99.52% of the stock is currently owned by institutional investors.

About Bread Financial

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.