First Hawaiian Bank Has $550,000 Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

First Hawaiian Bank lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 79.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,011 shares of the company's stock after selling 34,097 shares during the period. First Hawaiian Bank's holdings in Bread Financial were worth $550,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Bread Financial by 33.5% in the third 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. Pallas Capital Advisors LLC raised its stake in Bread Financial by 6.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock worth $239,000 after buying an additional 278 shares during the period. Arizona State Retirement System lifted its holdings in Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company's stock worth $617,000 after acquiring an additional 279 shares in the last quarter. Natixis Advisors LLC grew its stake in Bread Financial by 2.8% in the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock valued at $639,000 after acquiring an additional 369 shares during the period. Finally, Point72 DIFC Ltd increased its holdings 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 worth $77,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BFH. Evercore ISI lifted their price objective on Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a report 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 for the company in a report on Wednesday, September 25th. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.14.

Bread Financial Stock Down 3.2 %

Shares of Bread Financial stock traded down $1.91 on Friday, reaching $57.37. 517,795 shares of the company were exchanged, compared to its average volume of 536,799. Bread Financial Holdings, Inc. has a one year low of $28.00 and a one year high of $66.71. 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 company has a 50-day moving average of $60.43 and a 200 day moving average of $53.94. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.14 and a beta of 1.94.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.46 earnings per share. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.5 earnings per share for the current 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is presently 13.38%.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company's stock, valued at approximately $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% 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.