Bread Financial (NYSE:BFH) Sees Large Volume Increase

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) saw an uptick in trading volume on Monday . 1,677,253 shares changed hands during mid-day trading, an increase of 102% from the previous session's volume of 828,665 shares.The stock last traded at $54.09 and had previously closed at $55.52.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Compass Point lifted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their target price on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Royal Bank of Canada increased their price objective on Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. Finally, JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $50.00.

Bread Financial Stock Down 2.9 %

The firm has a market cap of $2.68 billion, a PE ratio of 6.79, a PEG ratio of 0.19 and a beta of 1.95. The business's 50 day moving average price is $51.46 and its 200 day moving average price is $43.24. 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 (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $1.06. The business had revenue of $939.00 million during the quarter, compared to analysts' expectations of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.56%. Bread Financial's dividend payout ratio (DPR) is presently 10.58%.

Institutional Trading of Bread Financial

A number of hedge funds have recently bought and sold shares of BFH. Headlands Technologies LLC acquired a new stake in shares of Bread Financial in the first quarter valued at approximately $33,000. CWM LLC increased its stake 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 acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd raised its holdings 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 worth $77,000 after acquiring an additional 397 shares during the period. National Bank of Canada FI boosted its position in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company's stock valued at $80,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial in the fourth quarter valued at about $83,000. Institutional investors and hedge funds own 99.52% of the company's stock.

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.