Bread Financial (NYSE:BFH) Director John Fawcett Purchases 5,000 Shares of Company Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director John Fawcett bought 5,000 shares of Bread Financial stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average cost of $24.70 per share, for a total transaction of $123,500.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at $123,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bread Financial Stock Performance

NYSE BFH opened at $103.07 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $59.26 and a 12-month high of $114.53. The company has a quick ratio of 1.17, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $103.82 and a two-hundred day simple moving average of $91.61. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.81 and a beta of 1.15.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.34 by $0.50. Bread Financial had a net margin of 11.19% and a return on equity of 17.24%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $4.02 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 12.51 EPS for the current year.

Bread Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.0%. This is an increase from Bread Financial’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, November 30th. Bread Financial’s dividend payout ratio (DPR) is presently 7.89%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BFH. Weiss Ratings reissued a “buy (b)” rating on shares of Bread Financial in a research report on Thursday, October 22nd. Zacks Research lowered shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. TD Cowen upped their price objective on shares of Bread Financial from $111.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. Morgan Stanley set a $107.00 target price on shares of Bread Financial in a research note on Friday, July 24th. Finally, UBS Group lifted their target price on shares of Bread Financial from $120.00 to $127.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $112.21.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Bread Financial during the 2nd quarter valued at $421,314,000. Dimensional Fund Advisors LP boosted its stake in shares of Bread Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after buying an additional 9,854 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Bread Financial by 14.7% in the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock worth $74,667,000 after acquiring an additional 129,774 shares during the period. Bank of America Corp DE grew its holdings in shares of Bread Financial by 18.1% in the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after acquiring an additional 96,771 shares during the period. Finally, Copeland Capital Management LLC purchased a new stake in Bread Financial during the third quarter valued at $55,054,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Company Profile

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.