Denali Advisors LLC Buys 56,483 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Denali Advisors LLC raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 416.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,032 shares of the company’s stock after buying an additional 56,483 shares during the quarter. Denali Advisors LLC owned about 0.14% of Bread Financial worth $4,276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its holdings in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after purchasing an additional 1,033 shares during the period. KBC Group NV boosted its position in shares of Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after purchasing an additional 558 shares in the last quarter. Choreo LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at $201,000. Diversified Trust Co bought a new stake in shares of Bread Financial in the 4th quarter valued at $209,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Bread Financial in the 4th quarter valued at $213,000. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BFH. The Goldman Sachs Group lifted 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. Compass Point boosted their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Evercore ISI increased their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Finally, Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.69.

Bread Financial Price Performance

NYSE:BFH opened at $54.39 on Wednesday. Bread Financial Holdings, Inc. has a 52-week low of $32.10 and a 52-week high of $66.71. The company has a market cap of $2.67 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.25 and a beta of 1.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s 50-day simple moving average is $61.59 and its 200 day simple moving average is $56.92.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio is currently 15.14%.

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.