Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) shares rose 4.3% during midday trading on Friday. The company traded as high as $44.87 and was last seen at $44.87. About 32,047 shares traded hands during midday trading, a 96% decline from the average daily volume of 791,446 shares. The stock had previously closed at $43.00.
Wall Street analysts predict growth
BFH has been the subject of several analyst reports lately. Wolfe Research upgraded Bread Financial from “peer perform” to “outperform” and set a $48.00 price target on the stock in a research report on Thursday, April 4. Barclays decreased their price target on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9. BMO Capital Markets raised their price target on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26. BTIG Research assumed coverage on Bread Financial and gave the stock a “neutral” rating in a research note on Friday, June 7. Finally, Evercore ISI upgraded Bread Financial from an “underperform” rating to an “in-line” rating and raised their price target for the stock from $42.00 to $45.00 in a research note on Thursday, June 20. Three analysts have rated the stock with a sell rating, ten have given a hold rating, and three have given a buy rating. According to MarketBeat, Bread Financial has an average rating of “Hold” and a consensus price target of $40.92.
Check out our latest analysis on BFH
Bread Financial shares rise 3.6%
The company’s 50-day moving average price is $40.64 and its 200-day moving average price is $37.01. The stock has a market cap of $2.21 billion, a P/E ratio of 5.61, a price-to-earnings-growth ratio of 0.19 and a beta of 1.94. 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 – Get Free Report) last announced its quarterly earnings results on Thursday, April 25. The company reported earnings per share of $2.73 for the quarter, missing the consensus estimate of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue declined 23.1% year-over-year. During the same period last year, the company generated earnings per share of $9.08. Analysts forecast that Bread Financial Holdings, Inc. will report earnings per share of $5.63 for the current year.
Dividend announcement from Bread Financial
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were paid a dividend of $0.21. This represents an annualized dividend of $0.84 and a yield of 1.89%. The ex-dividend date was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.
Institutional investors comment on Bread Financial
Several large investors have recently added to or reduced their holdings in the stock. Headlands Technologies LLC acquired a new stake in shares of Bread Financial in the 1st quarter valued at $33,000. National Bank of Canada FI increased its stake in shares of Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at $83,000. Allspring Global Investments Holdings LLC increased its stake in Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after buying an additional 603 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Bread Financial in the 1st quarter valued at $152,000. Institutional investors own 99.52% of the company’s stock.
About Bread Financial
(Get free report)
Bread Financial Holdings, Inc. provides technology-based payment and credit solutions to customers and consumer-facing industries in North America. The company offers credit card and other credit financing services, including risk management solutions, account opening and financing services for private label and co-branded credit card programs and through Bread partnerships; and general cash back loans under the Comenity brand.
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