Bread Financial Holdings, Inc. (NYSE:BFH) Given Consensus Rating of "Hold" by Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have been given an average rating of "Hold" by the seventeen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $50.00.

BFH has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Bank of America reduced their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. The Goldman Sachs Group increased their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday. Finally, Compass Point increased their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 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 purchase, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds have recently modified their holdings of BFH. GAMMA Investing LLC raised its stake in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. CWM LLC raised its position in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd raised its position in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock worth $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after acquiring an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Bread Financial by 164.0% during the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock worth $105,000 after buying an additional 1,463 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Down 0.1 %

BFH stock traded down $0.08 on Tuesday, hitting $57.59. 554,218 shares of the company were exchanged, compared to its average volume of 850,504. Bread Financial has a twelve month low of $26.58 and a twelve month high of $63.01. The business's fifty day moving average is $51.32 and its two-hundred day moving average is $48.53. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.46 earnings per share. As a group, research analysts forecast that Bread Financial will post 7.63 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently announced 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 dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.