Bread Financial (NYSE:BFH) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Bread Financial (NYSE:BFH) from a market perform rating to an outperform rating in a report issued on Thursday, MarketBeat.com reports. They currently have $67.00 price target on the stock, up from their prior price target of $38.00.

A number of other analysts also recently issued reports on BFH. Argus downgraded Bread Financial from a buy rating to a hold rating in a research note on Wednesday, May 1st. Barclays lowered their price target on shares of Bread Financial from $27.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, April 9th. Wolfe Research raised Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price objective on the stock in a research note on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on Bread Financial from $36.00 to $40.00 and gave the company a neutral rating in a research report on Friday, January 26th. Finally, Oppenheimer upgraded Bread Financial from a market perform rating to an outperform rating and set a $52.00 target price for the company in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $39.17.

Bread Financial Price Performance

BFH stock opened at $40.81 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average price is $36.73 and its 200-day moving average price is $33.36. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The company has a market capitalization of $2.02 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.18 and a beta of 1.92.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period last year, the company earned $9.08 EPS. On average, equities analysts anticipate that Bread Financial will post 5.72 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 9th. Bread Financial’s payout ratio is presently 10.58%.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFH. GSA Capital Partners LLP purchased a new position in shares of Bread Financial during the first quarter worth approximately $623,000. Jennison Associates LLC bought a new position in Bread Financial in the first quarter worth approximately $631,000. BNP Paribas Financial Markets increased its holdings in Bread Financial by 24.7% during the 1st quarter. BNP Paribas Financial Markets now owns 438,744 shares of the company’s stock worth $16,339,000 after purchasing an additional 86,921 shares during the period. Allspring Global Investments Holdings LLC raised its position in Bread Financial by 93.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company’s stock valued at $272,000 after purchasing an additional 3,529 shares in the last quarter. Finally, New Mexico Educational Retirement Board purchased a new stake in shares of Bread Financial in the 1st quarter worth $384,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

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.