Bread Financial Holdings, Inc. (NYSE:BFH) Receives $53.54 Consensus PT from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has earned a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.14.

Several brokerages recently issued reports on BFH. 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 report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. TD Cowen boosted their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Bank of America decreased their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Barclays cut their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th.

Insider Buying and Selling

In related news, Director John J. Fawcett bought 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by 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 boosted its stake in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares during the period. CWM LLC lifted its holdings in shares of Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares in the last quarter. Point72 DIFC Ltd boosted its position in shares of Bread Financial by 30.0% in the second 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 period. National Bank of Canada FI grew its stake in Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after acquiring an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Bread Financial by 164.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after acquiring an additional 1,463 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Up 2.2 %

Bread Financial stock opened at $62.76 on Friday. 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 firm’s fifty day moving average price is $57.37 and its two-hundred day moving average price is $51.79. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.99 and a beta of 1.96. Bread Financial has a 1-year low of $28.00 and a 1-year high of $66.71.

Bread Financial (NYSE:BFH) last released 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). The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.46 EPS. On average, equities research analysts predict that Bread Financial will post 7.5 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 8th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.34%. 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.