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

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

Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Bank of America lowered their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Evercore ISI lifted their price target 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. TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The shares were purchased 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 owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BFH. Natixis Advisors LLC purchased a new stake in Bread Financial in the second quarter valued at approximately $582,000. CIBC Asset Management Inc acquired a new position in shares of Bread Financial in the 2nd quarter valued at $211,000. Rhumbline Advisers grew its stake in shares of Bread Financial by 14.8% during the 2nd quarter. Rhumbline Advisers now owns 188,802 shares of the company’s stock valued at $8,413,000 after buying an additional 24,313 shares during the period. TD Asset Management Inc acquired a new stake in shares of Bread Financial during the 2nd quarter worth $428,000. Finally, National Bank of Canada FI raised its position in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

Bread Financial stock opened at $57.37 on Wednesday. The company has a market cap of $2.85 billion, a P/E ratio of 9.14 and a beta of 1.94. Bread Financial has a one year low of $28.00 and a one year high of $66.71. The business has a fifty day moving average of $60.43 and a two-hundred day moving average of $54.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter last year, the business earned $3.46 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts predict that Bread Financial will post 7.5 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, November 8th. Bread Financial’s dividend payout ratio is presently 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.