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

Bread Financial Holdings, Inc. (NYSE:BFH) has received a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $50.00.

Several equities analysts have recently commented on BFH shares. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. TD Cowen boosted their price target on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI increased their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th.

Insider Buying and Selling

In related news, Director John J. Fawcett purchased 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently made changes to their positions in BFH. SG Americas Securities LLC purchased a new stake in Bread Financial in the first quarter valued at approximately $152,000. Sei Investments Co. increased its stake in shares of Bread Financial by 58.5% in the first quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock worth $3,140,000 after acquiring an additional 31,122 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Bread Financial by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock worth $823,000 after purchasing an additional 722 shares during the last quarter. ProShare Advisors LLC lifted its position in Bread Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after purchasing an additional 688 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Bread Financial by 21.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 26,966 shares of the company’s stock valued at $987,000 after purchasing an additional 4,692 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $58.90 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.25 and a beta of 1.94. Bread Financial has a 12 month low of $26.58 and a 12 month high of $63.01. The firm’s 50-day moving average is $52.11 and its 200 day moving average is $49.01.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.46 EPS. Research analysts predict that Bread Financial will post 7.67 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is currently 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.