Royal Bank of Canada Issues Positive Forecast for Bread Financial (NYSE:BFH) Stock Price

Bread Financial (NYSE:BFH) had its target price boosted by Royal Bank of Canada from $62.00 to $68.00 in a research report report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. TD Cowen boosted their price objective 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. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Compass Point lifted their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Stock Down 0.8 %

Shares of BFH opened at $63.23 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 52-week low of $32.10 and a 52-week high of $66.71. The company has a market cap of $3.14 billion, a PE ratio of 10.07 and a beta of 1.94. The business has a fifty day moving average of $61.93 and a 200 day moving average of $55.64.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. On average, sell-side analysts expect that Bread Financial will post 7.6 EPS for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio is currently 13.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp grew its holdings in Bread Financial by 2.1% in the third quarter. State Street Corp now owns 2,034,554 shares of the company’s stock worth $96,804,000 after purchasing an additional 41,012 shares during the last quarter. Geode Capital Management LLC grew its stake in Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after buying an additional 13,459 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after buying an additional 260,283 shares in the last quarter. Pzena Investment Management LLC raised its stake in Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after buying an additional 243,419 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Bread Financial by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company’s stock worth $34,759,000 after acquiring an additional 13,484 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

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.