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

Key Points

• Bread Financial Holdings, Inc. has received an average analyst rating of "Hold", with three analysts rating the stock as a sell, five as hold, and four as buy.
• The company reported earnings of $3.14 EPS for the last quarter, significantly beating analysts' estimates of $1.85 EPS, though its revenue was slightly below expectations at $929 million.
• Bread Financial recently declared a quarterly dividend of $0.21, which translates to an annualized yield of 1.3%, with a payout ratio of 14.21%.

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have earned an average rating of "Hold" from the twelve analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $64.9091.

BFH has been the subject of several recent research reports. Wall Street Zen lowered Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada boosted their price target on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. BTIG Research set a $105.00 price target on Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Barclays reaffirmed an "underweight" rating and set a $52.00 target price (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares of the company's stock, valued at $636,560.58. This represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Curat Global LLC purchased a new position in shares of Bread Financial in the first quarter valued at approximately $28,000. Quarry LP raised its position in Bread Financial by 947.5% in the first quarter. Quarry LP now owns 639 shares of the company's stock valued at $32,000 after purchasing an additional 578 shares during the period. EverSource Wealth Advisors LLC raised its position in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company's stock valued at $41,000 after purchasing an additional 398 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in Bread Financial in the second quarter valued at $42,000. Finally, Versant Capital Management Inc raised its position in Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after purchasing an additional 839 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Down 0.9%

Shares of BFH traded down $0.60 during trading hours on Monday, hitting $63.46. The company had a trading volume of 1,299,787 shares, compared to its average volume of 524,299. The company has a market capitalization of $2.96 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial has a one year low of $38.21 and a one year high of $68.01. The company's fifty day moving average price is $62.32 and its two-hundred day moving average price is $54.94.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were paid a $0.21 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.3%. Bread Financial's dividend payout ratio is presently 14.21%.

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.