Bread Financial Holdings, Inc. (NYSE:BFH) Receives Consensus Recommendation of “Hold” from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) 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.

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) 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

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.