Bread Financial Holdings, Inc. (NYSE:BFH) Stock Rated “Hold” by Sell-Side Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $112.21.

BFH has been the subject of a number of recent research reports. Citigroup reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday. Zacks Research downgraded shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. BTIG Research upped their target price on shares of Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. UBS Group raised their price target on shares of Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bread Financial in a research note on Thursday.

Institutional Trading of Bread Financial

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Bread Financial in the 2nd quarter worth approximately $421,314,000. Dimensional Fund Advisors LP raised its holdings in Bread Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after acquiring an additional 9,854 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Bread Financial in the 2nd quarter valued at $98,764,000. Bank of America Corp DE purchased a new position in shares of Bread Financial during the 2nd quarter worth $65,806,000. Finally, Copeland Capital Management LLC purchased a new position in shares of Bread Financial during the 3rd quarter worth $55,054,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Bread Financial stock opened at $101.67 on Tuesday. Bread Financial has a fifty-two week low of $59.26 and a fifty-two week high of $114.53. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.78 and a beta of 1.15. The stock has a fifty day moving average of $104.17 and a two-hundred day moving average of $91.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.17 and a current ratio of 1.16.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.50. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $4.02 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Bread Financial will post 12.31 EPS for the current fiscal year.

Bread Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.25 dividend. This is a boost from Bread Financial’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Bread Financial’s dividend payout ratio (DPR) is presently 7.26%.

About Bread Financial

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.