Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $59.69

Bread Financial Holdings, Inc. (NYSE:BFH) has received an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $59.69.

A number of research analysts recently weighed in on BFH shares. Compass Point increased their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Barclays increased their target price on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd.

Institutional Trading of Bread Financial

Several institutional investors have recently made changes to their positions in BFH. O Shaughnessy Asset Management LLC increased its holdings in Bread Financial by 2.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company’s stock valued at $443,000 after acquiring an additional 175 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Bread Financial by 3.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company’s stock worth $318,000 after purchasing an additional 184 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Bread Financial by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock worth $297,000 after buying an additional 206 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Bread Financial by 6.2% during the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after buying an additional 278 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Bread Financial by 5.8% during the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock valued at $325,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Up 1.0 %

BFH stock opened at $51.02 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. 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 $2.50 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.25 and a beta of 1.93. The business has a fifty day moving average price of $60.20 and a 200-day moving average price of $56.92.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Equities analysts forecast that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. Bread Financial’s payout ratio is currently 15.14%.

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.