Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) has been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $53.54.
A number of equities research analysts have issued reports on BFH shares. Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. TD Cowen increased their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their price objective 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.
View Our Latest Stock Report on BFH
Insider Buying and Selling
In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by company insiders.
Institutional Trading of Bread Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in BFH. GAMMA Investing LLC lifted its holdings in 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. Pallas Capital Advisors LLC lifted its position in Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after buying an additional 278 shares in the last quarter. Arizona State Retirement System grew its stake in Bread Financial by 2.1% in the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after purchasing an additional 369 shares in the last quarter. Finally, Point72 DIFC Ltd increased 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 valued at $77,000 after acquiring an additional 397 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.
Bread Financial Stock Performance
NYSE:BFH opened at $65.27 on Friday. Bread Financial has a 1-year low of $28.00 and a 1-year high of $66.71. The firm has a 50 day simple moving average of $55.98 and a 200-day simple moving average of $51.02. The firm has a market cap of $3.25 billion, a PE ratio of 10.39 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.
Bread Financial (NYSE:BFH – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $981.26 million. During the same period in the previous year, the business posted $3.46 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that Bread Financial will post 7.5 EPS for the current year.
Bread Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.29%. Bread Financial’s payout ratio is 13.38%.
About Bread Financial
(Get Free Report
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.
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