BMO Capital Markets Raises Bread Financial (NYSE:BFH) Price Target to $33.00

Bread Financial (NYSE:BFH) had its price target hoisted by BMO Capital Markets from $31.00 to $33.00 in a report released on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other analysts have also weighed in on the stock. Oppenheimer raised shares of Bread Financial from a market perform rating to an outperform rating and set a $52.00 price objective for the company in a report on Friday, January 26th. Evercore ISI lowered shares of Bread Financial from an in-line rating to an underperform rating and raised their price target for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. Barclays lowered their price target on shares of Bread Financial from $27.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, April 9th. Royal Bank of Canada reissued a sector perform rating and issued a $36.00 price target on shares of Bread Financial in a report on Friday, January 26th. Finally, Wolfe Research raised shares of Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price target for the company in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $36.64.

Bread Financial Stock Performance

NYSE BFH opened at $36.98 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 4.66, a PEG ratio of 0.14 and a beta of 1.93. The company has a 50 day moving average of $36.52 and a 200-day moving average of $33.06. 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 has a 1-year low of $23.19 and a 1-year high of $41.89.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $9.08 EPS. On average, equities analysts forecast that Bread Financial will post 6.78 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. Bread Financial’s payout ratio is presently 10.58%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.67, for a total value of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares of the company’s stock, valued at $10,454,591.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in BFH. National Bank of Canada FI boosted its position in shares of 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 purchasing an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bread Financial during the fourth quarter worth $83,000. Allspring Global Investments Holdings LLC boosted its position in shares of Bread Financial by 25.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after purchasing an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Bread Financial during the third quarter worth $116,000. Finally, Quest Partners LLC bought a new position in shares of Bread Financial during the fourth quarter worth $145,000. 99.52% of the stock is owned by institutional investors.

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.