Insider Buying: Bread Financial (NYSE:BFH) Director Buys $123,500.00 in Stock

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

Bread Financial Trading Down 3.0%

Shares of Bread Financial stock traded down $3.15 during trading on Friday, hitting $102.51. The company’s stock had a trading volume of 219,667 shares, compared to its average volume of 687,990. Bread Financial Holdings, Inc. has a 52 week low of $59.26 and a 52 week high of $114.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.17. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.15. The stock has a 50-day moving average price of $103.82 and a two-hundred day moving average price of $91.45.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $4.02 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 12.51 EPS for the current fiscal year.

Bread Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid 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 of this dividend is Monday, November 30th. Bread Financial’s payout ratio is presently 7.26%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BFH shares. Wall Street Zen raised Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Barclays cut their price target on Bread Financial from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Friday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a research note on Thursday, October 22nd. Zacks Research lowered shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Citigroup reissued a “market perform” rating on shares of Bread Financial in a research report on Monday. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and a consensus target price of $112.21.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Bread Financial in the 2nd quarter worth approximately $30,000. Root Financial Partners LLC acquired a new stake in Bread Financial during the 3rd quarter worth about $45,000. Pacer Advisors Inc. lifted its position in Bread Financial by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after acquiring an additional 227 shares during the period. USA Financial Formulas purchased a new stake in Bread Financial during the 3rd quarter valued at about $46,000. Finally, IFP Advisors Inc increased its holdings in shares of Bread Financial by 125.8% in the second quarter. IFP Advisors Inc now owns 490 shares of the company’s stock valued at $53,000 after purchasing an additional 273 shares during the period. 99.52% of the stock is currently 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.