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

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

BFH has been the topic of a number of other research reports. 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 report on Thursday, April 4th. Barclays lowered their target price on Bread Financial from $27.00 to $26.00 and set an underweight rating on the stock in a report on Tuesday, April 9th. Evercore ISI cut Bread Financial from an in-line rating to an underperform rating and increased their target price for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. Oppenheimer upgraded Bread Financial from a market perform rating to an outperform rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Four 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $36.64.

Bread Financial Stock Performance

BFH opened at $36.98 on Friday. The stock has a market cap of $1.83 billion, a P/E ratio of 4.66, a P/E/G ratio of 0.14 and a beta of 1.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50 day simple moving average is $36.52 and its 200 day simple moving average is $33.06. Bread Financial has a 1-year low of $23.19 and a 1-year high of $41.89.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The firm had revenue of $991.00 million during 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 revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.08 EPS. As a group, equities analysts anticipate that Bread Financial will post 6.78 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction on Monday, January 29th. The stock was 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 approximately $10,454,591.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BFH. National Bank of Canada FI raised its position in Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares during the period. Pinnacle Holdings LLC purchased a new position in Bread Financial in the fourth quarter valued at about $83,000. Allspring Global Investments Holdings LLC raised its position in Bread Financial by 25.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock valued at $108,000 after purchasing an additional 633 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Bread Financial in the third quarter valued at about $116,000. Finally, Quest Partners LLC purchased a new position in Bread Financial in the fourth quarter valued at about $145,000. 99.52% of the stock is owned by hedge funds and other 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.