The stock market has always been a place where investors seek to make informed decisions, and when it comes to Bread Financial Holdings, Inc. (NYSE:BFH), analysts are divided in their opinions. Despite a divided view from the twelve brokerages covering the company, Bread Financial has managed to maintain an average recommendation of “Hold” from the market. In this article, we will delve into the various aspects of the company, including its recent performance, institutional trading, price performance, and dividend declaration, as well as its company profile.
Broker Analysis
Bread Financial has been the subject of various research reports from different analyst firms. Here are some key points from recent reports:
- JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th.
- Jefferies Financial Group lifted their price target on shares of Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, April 24th.
- Morgan Stanley increased their target price on shares of Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, May 12th.
- The Goldman Sachs Group reduced their price target on Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a research report on Tuesday, March 18th.
Institutional Trading
Institutional investors have been taking a keen interest in Bread Financial’s stock, with several large investors adding to or reducing their stakes in the company during the first quarter.
- Anderson Financial Strategies LLC lifted its stake in Bread Financial by 17.8% during the first quarter.
- Strs Ohio acquired a new position in shares of Bread Financial in the 1st quarter valued at $65,000.
- UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bread Financial by 3.0% during the 1st quarter.
- Optimize Financial Inc acquired a new position in shares of Bread Financial during the first quarter worth about $371,000.
- Goldman Sachs Group Inc. raised its stake in shares of Bread Financial by 104.8% during the 1st quarter.
Bread Financial Price Performance
Bread Financial’s stock performance has been subject to fluctuations over the past year, with a 12-month low of $38.21 and a 12-month high of $66.71.
| Indicator | Value |
|---|---|
| 12 Month Low | $38.21 |
| 12 Month High | $66.71 |
| Market Capitalization | $2.54 billion |
| P/E Ratio | 9.82 |
| P/E Growth Ratio | 1.25 |
| Beta | 1.37 |
| 50 Day Moving Average | $49.47 |
| 200 Day Moving Average | $55.12 |
| Quick Ratio | 1.15 |
| Current Ratio | 1.15 |
| Debt-to-Equity Ratio | 0.33 |
Bread Financial’s Earnings Results
Bread Financial released its earnings results on Thursday, April 24th, and managed to beat analysts’ consensus estimates of $2.10 by $0.76.
The company reported $2.86 earnings per share for the quarter, along with a net margin of 5.75% and a return on equity of 12.41%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $956.17 million.
Dividend Declaration
Bread Financial recently declared a quarterly dividend, which will be paid on Friday, June 13th, representing a $0.21 per share dividend for investors of record on Friday, May 9th.
The company’s dividend payout ratio (DPR) is presently 14.92%.
Company Profile
Bread Financial Holdings, Inc. provides tech-forward payment and lending solutions to customers and consumer-based industries in North America.
The company 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.
Bread Financial’s board has authorized a share repurchase program that allows the company to buyback $150.00 million in outstanding shares.
This buyback authorization allows the company to repurchase up to 6% of its stock through open market purchases.
In this article, we have examined the various aspects of Bread Financial Holdings, Inc., including its recent performance, institutional trading, price performance, dividend declaration, and company profile. Despite a divided view from the twelve brokerages covering the company, Bread Financial has managed to maintain an average recommendation of “Hold” from the market. With its unique tech-forward payment and lending solutions, the company continues to attract institutional investors and individual investors alike.
news is a contributor at FondBank. We are committed to providing well-researched, accurate, and valuable content to our readers.
