Bread Financial's (BFH) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Bread Financial (NYSE:BFH - Free Report) in a research report released on Monday,Benzinga reports.

BFH has been the topic of a number of other reports. Compass Point raised their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI raised their price target on Bread Financial from $52.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped 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. TD Cowen boosted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, Barclays increased their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $59.69.

Bread Financial Trading Up 1.3 %

Shares of NYSE BFH traded up $0.79 during midday trading on Monday, hitting $62.70. The stock had a trading volume of 472,692 shares, compared to its average volume of 673,766. The firm has a market cap of $3.12 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. Bread Financial has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The company's 50-day simple moving average is $62.13 and its 200 day simple moving average is $55.90.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Research analysts anticipate that Bread Financial will post 6.46 EPS for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after buying an additional 260 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after purchasing an additional 941 shares during the last quarter. CWM LLC lifted its position in shares of Bread Financial by 43.7% in the third quarter. CWM LLC now owns 2,455 shares of the company's stock worth $117,000 after purchasing an additional 747 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after purchasing an additional 1,033 shares during the last quarter. Finally, KBC Group NV grew its position in Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after purchasing an additional 558 shares in the last quarter. 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.