Bread Financial’s (BFH) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of Bread Financial (NYSE:BFH) in a report published on Monday morning,Benzinga reports.

A number of other research analysts have also weighed in on BFH. TD Cowen raised their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays increased their price objective on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Evercore ISI lifted their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Compass Point increased their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and an average price target of $59.69.

Bread Financial Price Performance

BFH stock opened at $61.92 on Monday. Bread Financial has a 1 year low of $32.10 and a 1 year high of $66.71. The stock has a market capitalization of $3.08 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. The company’s 50-day moving average is $62.13 and its 200-day moving average is $55.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Equities research analysts expect that Bread Financial will post 6.46 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, February 14th. Bread Financial’s payout ratio is currently 15.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bailard Inc. boosted its holdings in shares of Bread Financial by 33.9% in the fourth quarter. Bailard Inc. now owns 6,291 shares of the company’s stock worth $384,000 after acquiring an additional 1,591 shares during the period. Smartleaf Asset Management LLC boosted its stake in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after purchasing an additional 941 shares during the period. Factorial Partners LLC grew its holdings in Bread Financial by 5.9% during the 4th quarter. Factorial Partners LLC now owns 36,000 shares of the company’s stock valued at $2,198,000 after buying an additional 2,000 shares in the last quarter. US Bancorp DE increased its position in shares of Bread Financial by 15.1% during the fourth quarter. US Bancorp DE now owns 15,087 shares of the company’s stock valued at $921,000 after buying an additional 1,977 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Bread Financial in the fourth quarter worth about $224,000. 99.52% of the stock is currently 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.