Bread Financial (NYSE:BFH) Given New $87.00 Price Target at Compass Point

Bread Financial (NYSE:BFH) had its price objective lifted by Compass Point from $75.00 to $87.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. TD Cowen increased their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Bank of America dropped their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Barclays decreased their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Evercore ISI upped 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, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and a consensus target price of $57.07.

Bread Financial Stock Performance

Shares of BFH stock opened at $63.74 on Tuesday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.15 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $60.77 and its 200-day moving average price is $54.67. Bread Financial has a 12 month low of $28.00 and a 12 month high of $66.71.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the firm earned $3.46 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that Bread Financial will post 7.64 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.32%. Bread Financial’s payout ratio is 13.38%.

Insiders Place Their Bets

In other news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company’s stock, valued at $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its stake in Bread Financial by 3.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company’s stock valued at $5,183,000 after buying an additional 2,995 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Bread Financial by 15.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company’s stock valued at $1,322,000 after acquiring an additional 2,944 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Bread Financial during the fourth quarter worth $213,000. Hennessy Advisors Inc. purchased a new position in Bread Financial in the fourth quarter worth $3,480,000. Finally, Range Financial Group LLC bought a new position in Bread Financial in the 4th quarter valued at $406,000. 99.52% of the stock is owned by 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.