First Hawaiian Bank Has $550,000 Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

First Hawaiian Bank decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 79.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,011 shares of the company’s stock after selling 34,097 shares during the quarter. First Hawaiian Bank’s holdings in Bread Financial were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC increased its holdings in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Point72 DIFC Ltd increased its holdings in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of 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 acquiring an additional 800 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after acquiring an additional 1,463 shares in the last quarter. Finally, CWM LLC increased its holdings 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 acquiring an additional 747 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BFH shares. Evercore ISI increased their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Bank of America decreased their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.14.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $57.37 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $66.71. The stock has a 50 day moving average of $60.43 and a 200-day moving average of $53.86. The company has a market capitalization of $2.85 billion, a P/E ratio of 9.14 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its 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). 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 the consensus estimate of $981.26 million. During the same quarter in the prior year, the firm posted $3.46 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 7.5 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were paid a $0.21 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.46%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

About Bread Financial

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.