Bread Financial Holdings, Inc. (NYSE:BFH) Given Consensus Rating of “Hold” by Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has received an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.13.

Several analysts recently commented on BFH shares. Argus cut Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group increased their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and boosted their target price for the company from $42.00 to $45.00 in a report on Thursday, June 20th. BTIG Research assumed coverage on Bread Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Finally, The Goldman Sachs Group boosted their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $54.27 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.18 and a current ratio of 1.19. Bread Financial has a 52 week low of $26.08 and a 52 week high of $55.68. The firm has a market cap of $2.69 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.18 and a beta of 1.98. The firm’s fifty day moving average is $47.04 and its 200-day moving average is $41.06.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.60 by $1.06. The firm 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 business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. Sell-side analysts predict that Bread Financial will post 7.04 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BFH. Headlands Technologies LLC acquired a new position in Bread Financial during the 1st quarter valued at about $33,000. CWM LLC grew its holdings 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 buying an additional 550 shares in the last quarter. Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares in the last quarter. National Bank of Canada FI raised its position in Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new position in Bread Financial during the 4th quarter valued at $83,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.