Bread Financial Holdings, Inc. (NYSE:BFH) Receives $49.64 Average PT from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $50.00.

Several brokerages have recently commented on BFH. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. TD Cowen boosted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Barclays reduced their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th.

Insiders Place Their Bets

In other news, Director John J. Fawcett acquired 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Bread Financial

A number of institutional investors and hedge funds have recently modified their holdings of BFH. GAMMA Investing LLC increased 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 acquiring an additional 260 shares during the last quarter. 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 valued at $76,000 after acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd grew its position in shares of Bread Financial by 30.0% in 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 period. National Bank of Canada FI grew its position in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after purchasing an additional 800 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after purchasing an additional 1,463 shares during the period. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Up 2.2 %

BFH opened at $58.07 on Tuesday. Bread Financial has a fifty-two week low of $26.58 and a fifty-two week high of $63.01. 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’s fifty day moving average price is $52.11 and its two-hundred day moving average price is $48.89. The company has a market capitalization of $2.89 billion, a P/E ratio of 9.25 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the firm earned $3.46 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts anticipate that Bread Financial will post 7.67 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.45%. Bread Financial’s dividend payout ratio is currently 13.38%.

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.