Bread Financial (NYSE:BFH) Hits New 12-Month High – Still a Buy?

Bread Financial Holdings, Inc. (NYSE:BFH)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.44 and last traded at $60.17, with a volume of 18891 shares trading hands. The stock had previously closed at $52.76.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BFH. TD Cowen upped 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. Barclays lowered their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on 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 upped their price target on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Compass Point lifted their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.64.

Bread Financial Stock Down 2.0 %

The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.59 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average is $51.13 and its two-hundred day moving average is $47.35.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.46 EPS. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.59 EPS for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

Insider Activity

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BFH. Headlands Technologies LLC acquired a new position in shares of Bread Financial in the 1st quarter worth approximately $33,000. GAMMA Investing LLC grew its position in 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 lifted 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 purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd boosted its stake 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 valued at $77,000 after purchasing an additional 397 shares during the period. Finally, National Bank of Canada FI increased its stake in Bread Financial by 70.3% during the 2nd 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 during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.