Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Rating of “Hold” from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been given a consensus rating of “Hold” by the seventeen brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $49.64.

BFH has been the topic of several research reports. Evercore ISI lifted their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their target price on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday. Finally, Bank of America reduced their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th.

Bread Financial Price Performance

NYSE:BFH opened at $49.85 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $51.40 and its two-hundred day simple moving average is $46.56. The stock has a market cap of $2.48 billion, a PE ratio of 7.94, a P/E/G ratio of 0.17 and a beta of 1.94. Bread Financial has a 52 week low of $26.08 and a 52 week high of $59.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same period in the prior year, the business earned $3.46 earnings per share. Bread Financial’s revenue was down 4.7% compared to the same quarter last year. As a group, analysts forecast that Bread Financial will post 7.44 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted 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 valued at $49,000 after purchasing an additional 260 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Bread Financial by 6.2% in the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after purchasing an additional 278 shares during the period. Arizona State Retirement System boosted its holdings in shares of 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 during the period. Point72 DIFC Ltd boosted 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 valued at $77,000 after purchasing an additional 397 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Bread Financial by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors 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.