Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Rating of “Hold” from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.92.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $67.00 price objective on shares of Bread Financial in a report on Monday, June 17th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Thursday, April 4th. Argus lowered Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BTIG Research began coverage on Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th.

Bread Financial Stock Up 3.6 %

NYSE:BFH opened at $44.56 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.20 and a beta of 1.94. The stock has a 50 day moving average of $40.64 and a 200-day moving average of $36.98. Bread Financial has a 52 week low of $26.08 and a 52 week high of $45.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business 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 company earned $9.08 earnings per share. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. Analysts predict that Bread Financial will post 5.63 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Trading of Bread Financial

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Bread Financial by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after purchasing an additional 216,274 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bread Financial by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after purchasing an additional 256,221 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after purchasing an additional 152,954 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Bread Financial by 14.0% in the fourth quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after purchasing an additional 99,029 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Bread Financial by 586.5% in the third quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock valued at $24,370,000 after purchasing an additional 608,769 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.