Bread Financial (NYSE:BFH) Given New $60.00 Price Target at Compass Point

Bread Financial (NYSE:BFH) had its price target hoisted by Compass Point from $54.00 to $60.00 in a research note published on Friday, Benzinga reports. Compass Point currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on BFH. Jefferies Financial Group upped their target price on Bread Financial from $35.00 to $45.00 and gave the stock a hold rating in a report on Tuesday, July 9th. Wolfe Research upgraded Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price target on the stock in a research report on Thursday, April 4th. Barclays lifted their price objective on Bread Financial from $32.00 to $37.00 and gave the stock an underweight rating in a research report on Friday. Evercore ISI raised Bread Financial from an underperform rating to an in-line rating and raised their target price for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Finally, BTIG Research began coverage on Bread Financial in a research note on Friday, June 7th. They issued a neutral rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $46.93.

Bread Financial Trading Down 3.5 %

Bread Financial stock opened at $53.09 on Friday. Bread Financial has a 52-week low of $26.08 and a 52-week high of $55.45. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.63 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.24 and a beta of 1.98. The business has a 50-day simple moving average of $44.63 and a two-hundred day simple moving average of $39.35.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. Analysts predict that Bread Financial will post 5.95 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.58%. Bread Financial’s dividend payout ratio is currently 10.58%.

Institutional Trading of Bread Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Denali Advisors LLC increased its holdings in Bread Financial by 46.8% in the fourth quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after buying an additional 48,900 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Bread Financial in the fourth quarter worth approximately $1,715,000. DekaBank Deutsche Girozentrale acquired a new stake in Bread Financial in the fourth quarter worth approximately $369,000. Allspring Global Investments Holdings LLC lifted its position in Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of Bread Financial in the fourth quarter valued at $814,000. 99.52% of the stock is 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.