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

Bread Financial Holdings, Inc. (NYSE:BFH) has been given an average recommendation of “Hold” by the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.64.

A number of brokerages recently commented on BFH. 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. Compass Point upped their price target on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Bank of America reduced their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Evercore ISI upped their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday.

Bread Financial Stock Down 2.2 %

Shares of NYSE BFH opened at $49.85 on Friday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 7.94, a PEG 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. 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 50 day moving average price of $51.40 and a 200 day moving average price of $46.56.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS 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 the consensus estimate of $981.26 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $3.46 EPS. Sell-side analysts expect that Bread Financial will post 7.44 earnings per share for the current year.

Bread Financial Dividend Announcement

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

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bread Financial

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after buying an additional 278 shares in the last quarter. Arizona State Retirement System lifted its stake in Bread Financial by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after buying an additional 279 shares in the last quarter. Point72 DIFC Ltd lifted its stake in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Bread Financial by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after buying an additional 500 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.