Bread Financial (NYSE:BFH) Shares Gap Down to $53.91

Bread Financial Holdings, Inc. (NYSE:BFH)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $53.91, but opened at $52.67. Bread Financial shares last traded at $50.05, with a volume of 336,632 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on BFH shares. TD Cowen increased their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their target price on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Bank of America increased their price target on shares of Bread Financial from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Barclays boosted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $2.32 billion, a P/E ratio of 5.89, a PEG ratio of 0.19 and a beta of 1.95. The stock’s fifty day moving average is $51.71 and its 200-day moving average is $43.47.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio is 10.58%.

Institutional Trading of Bread Financial

Large investors have recently modified their holdings of the company. National Bank of Canada FI lifted its position in Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after acquiring an additional 2,241 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after purchasing an additional 37,005 shares during the period. Dimensional Fund Advisors LP boosted its stake in Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after purchasing an additional 256,221 shares during the period. Mizuho Markets Americas LLC grew its holdings in Bread Financial by 3.3% in the 4th quarter. Mizuho Markets Americas LLC now owns 312,980 shares of the company’s stock valued at $10,310,000 after buying an additional 10,075 shares during the last quarter. Finally, Norges Bank bought a new position in Bread Financial in the 4th quarter worth approximately $14,365,000. 99.52% of the stock is owned by institutional investors.

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.