TD Cowen Increases Bread Financial (NYSE:BFH) Price Target to $57.00

Bread Financial (NYSE:BFH) had its price objective upped by TD Cowen from $44.00 to $57.00 in a research note published on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on BFH. BMO Capital Markets raised their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a report on Friday, April 26th. Jefferies Financial Group raised their target price on shares of Bread Financial from $35.00 to $45.00 and gave the stock a hold rating in a report on Tuesday, July 9th. Evercore ISI raised shares of Bread Financial from an underperform rating to an in-line rating and lifted their price objective for the company from $42.00 to $45.00 in a report on Thursday, June 20th. Barclays lifted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the company an underweight rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bread Financial from $39.00 to $45.00 and gave the company a neutral rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $46.93.

Bread Financial Trading Down 3.5 %

Shares of Bread Financial stock opened at $53.09 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.18. The firm has a fifty day moving average price of $44.63 and a 200 day moving average price of $39.35. Bread Financial has a 1 year low of $26.08 and a 1 year high of $55.45. The stock has a market cap of $2.63 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.24 and a beta of 1.98.

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

Bread Financial Announces Dividend

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

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Bread Financial during the first quarter worth about $33,000. CWM LLC boosted its position in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after acquiring an additional 550 shares during the last quarter. National Bank of Canada FI boosted its position in Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after acquiring an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in Bread Financial during the fourth quarter worth about $83,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 603 shares during the last quarter. 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.