Insider Buying: Bread Financial Holdings, Inc. (NYSE:BFH) Director Purchases 1,000 Shares of Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost 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 $330,252.46. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bread Financial Trading Up 1.7 %

Shares of NYSE:BFH opened at $50.95 on Thursday. Bread Financial Holdings, Inc. 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 company has a market capitalization of $2.53 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a 50-day simple moving average of $51.47 and a 200 day simple moving average of $46.53.

Bread Financial (NYSE:BFH) last released its quarterly earnings data 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 business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. Bread Financial’s dividend payout ratio is currently 13.38%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BFH shares. Bank of America dropped 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. Jefferies Financial Group lifted their target price on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Barclays reduced their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. TD Cowen boosted their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Three research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.64.

Institutional Trading of Bread Financial

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after buying an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Bread Financial by 86.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock worth $18,066,000 after purchasing an additional 224,545 shares during the period. Vanguard Group Inc. boosted its stake in Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after purchasing an additional 216,274 shares during the period. Finally, American Century Companies Inc. grew its holdings in Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock valued at $51,754,000 after buying an additional 212,276 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.