Bread Financial Holdings, Inc. (NYSE:BFH) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.14.

Several equities analysts have recently commented on BFH shares. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. 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 report on Monday, October 28th. Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Bank of America dropped their price target on 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, Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th.

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 acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now directly owns 6,473 shares of the company's stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Bread Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the period. Point72 DIFC Ltd increased its holdings in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after buying an additional 397 shares during the period. National Bank of Canada FI raised its stake in 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 buying an additional 800 shares in the last quarter. Headlands Technologies LLC lifted its holdings in 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. Finally, CWM LLC boosted its position in Bread Financial by 43.7% during the 3rd quarter. CWM LLC now owns 2,455 shares of the company's stock valued at $117,000 after acquiring an additional 747 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Price Performance

Shares of NYSE BFH traded down $0.43 during midday trading on Wednesday, reaching $59.23. The stock had a trading volume of 447,456 shares, compared to its average volume of 540,611. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.43 and a beta of 1.94. Bread Financial has a 12-month low of $28.00 and a 12-month high of $66.71. The stock has a 50-day moving average of $59.95 and a 200-day moving average of $53.69. 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 - Get Free Report) last issued 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million during the quarter, compared to analysts' expectations of $981.26 million. During the same quarter in the previous year, the company posted $3.46 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Bread Financial will post 7.5 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. 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.