Bokf Na Raises Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Bokf Na increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 99.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,437 shares of the company’s stock after purchasing an additional 7,712 shares during the quarter. Bokf Na’s holdings in Bread Financial were worth $688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Bread Financial in the fourth quarter worth about $14,365,000. Dimensional Fund Advisors LP lifted its stake in shares of Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after buying an additional 256,221 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Bread Financial by 86.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock worth $18,066,000 after buying an additional 224,545 shares during the period. Basswood Capital Management L.L.C. purchased a new stake in Bread Financial in the 4th quarter worth $7,263,000. Finally, Vanguard Group Inc. raised its holdings in Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after acquiring an additional 216,274 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Up 1.5 %

BFH opened at $48.10 on Monday. The stock’s 50 day moving average price is $51.82 and its 200-day moving average price is $43.66. Bread Financial Holdings, Inc. has a one year low of $26.08 and a one year high of $59.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.16 and a beta of 1.95.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.21 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.75%. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research note on Monday, June 17th. Royal Bank of Canada increased their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Barclays lifted their target price on Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Finally, Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and upped their price target for the company from $42.00 to $45.00 in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial 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.