Bread Financial (NYSE:BFH) Price Target Raised to $54.00 at Evercore ISI

Bread Financial (NYSE:BFH - Free Report) had its price objective increased by Evercore ISI from $52.00 to $54.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Several other research analysts have also recently weighed in on BFH. TD Cowen lifted their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday. The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the company a "sell" rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Bank of America cut their price objective on 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, Royal Bank of Canada raised their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a research note 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's stock. According to data from MarketBeat.com, Bread Financial currently has an average rating of "Hold" and a consensus price target of $49.64.

Bread Financial Stock Performance

Shares of BFH traded up $0.85 during trading hours on Wednesday, hitting $50.95. The stock had a trading volume of 425,162 shares, compared to its average volume of 851,349. The firm has a market capitalization of $2.53 billion, a PE ratio of 8.24, a PEG ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66. The stock has a fifty day moving average price of $51.47 and a 200 day moving average price of $46.53.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The business had revenue of $983.00 million for the quarter, compared to analysts' expectations of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. Bread Financial's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.46 EPS. Analysts anticipate that Bread Financial will post 7.44 EPS for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. Bread Financial's dividend payout ratio (DPR) is 13.38%.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now directly owns 6,473 shares in the company, valued at $330,252.46. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of Bread Financial in the 1st quarter valued at about $33,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 260 shares during the last quarter. CWM LLC boosted its holdings in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd increased its position in shares of Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after buying an additional 800 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.