Compass Point Issues Positive Forecast for Bread Financial (NYSE:BFH) Stock Price

Bread Financial (NYSE:BFH) had its target price raised by Compass Point from $75.00 to $87.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Compass Point currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on BFH. Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their price target for the company from $35.00 to $76.00 in a report on Thursday, December 19th. TD Cowen raised their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group lifted their price target on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.07.

Bread Financial Stock Up 3.6 %

Bread Financial stock opened at $63.74 on Tuesday. Bread Financial has a fifty-two week low of $28.00 and a fifty-two week high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.15 and a beta of 1.94. The company’s 50 day simple moving average is $60.77 and its 200 day simple moving average is $54.67.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $3.46 EPS. As a group, sell-side analysts anticipate that Bread Financial will post 7.64 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. Bread Financial’s dividend payout ratio is presently 13.38%.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the purchase, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BFH. State Street Corp raised its stake in Bread Financial by 2.1% in the third quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after purchasing an additional 41,012 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after acquiring an additional 657,968 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 13,459 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Bread Financial by 30.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after purchasing an additional 260,283 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after purchasing an additional 243,419 shares during the last quarter. Institutional investors and hedge funds 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.