Bread Financial’s (BFH) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of Bread Financial (NYSE:BFH) in a research note released on Monday,Benzinga reports.

A number of other research analysts have also weighed in on BFH. Jefferies Financial Group increased their price objective on Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Morgan Stanley set a $36.00 price objective on Bread Financial and gave the company an “underweight” rating in a report on Thursday, April 24th. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Barclays increased their price objective on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Bread Financial Trading Down 2.1 %

Bread Financial stock opened at $47.44 on Monday. The stock has a 50-day moving average of $48.58 and a two-hundred day moving average of $55.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. Bread Financial has a one year low of $36.31 and a one year high of $66.71. The stock has a market cap of $2.28 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $956.17 million. During the same period last year, the business posted $2.73 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Bread Financial will post 6.45 EPS for the current fiscal year.

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

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial’s payout ratio is currently 14.92%.

Institutional Trading of Bread Financial

Several institutional investors have recently bought and sold shares of BFH. Curat Global LLC acquired a new stake in Bread Financial in the first quarter valued at approximately $28,000. Picton Mahoney Asset Management grew its holdings in Bread Financial by 2,083.3% in the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Pinnacle Holdings LLC acquired a new stake in Bread Financial in the fourth quarter valued at approximately $46,000. Versant Capital Management Inc grew its holdings in Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after purchasing an additional 839 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after purchasing an additional 319 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.