Bread Financial (NYSE:BFH) Director Buys $226,000.00 in Stock

Key Points

• Director John Fawcett bought 10,000 shares for $226,000, increasing his direct holding by 200% to 15,000 shares.
• Bread Financial reported quarterly EPS of $3.84, beating the $3.34 analyst consensus; revenue reached $1.02 billion and rose 4.7% year over year.
• The company raised its quarterly dividend from $0.23 to $0.25 per share, equivalent to an annualized dividend of $1.00 and a 1.0% yield.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) Director John Fawcett purchased 10,000 shares of Bread Financial stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average cost of $22.60 per share, for a total transaction of $226,000.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $339,000. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Bread Financial Stock Up 0.7%

NYSE:BFH traded up $0.69 during trading hours on Thursday, hitting $98.34. The stock had a trading volume of 216,000 shares, compared to its average volume of 689,005. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. Bread Financial Holdings, Inc. has a 1-year low of $59.26 and a 1-year high of $114.53. The business has a 50 day simple moving average of $103.19 and a two-hundred day simple moving average of $92.87. The company has a market cap of $3.73 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.26.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.50. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Bread Financial had a net margin of 11.19% and a return on equity of 17.24%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.02 earnings per share. Analysts predict that Bread Financial Holdings, Inc. will post 12.66 EPS for the current year.

Bread Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.25 per share. This is a positive change from Bread Financial's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.0%. Bread Financial's payout ratio is presently 7.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BFH shares. Weiss Ratings reissued a "buy (b)" rating on shares of Bread Financial in a research report on Thursday, October 22nd. Wells Fargo & Company initiated coverage on Bread Financial in a research report on Friday, September 11th. They set an "equal weight" rating and a $115.00 target price on the stock. Seaport Research Partners set a $123.00 price target on Bread Financial in a research note on Friday, October 23rd. Zacks Research downgraded Bread Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Finally, TD Cowen raised their price objective on Bread Financial from $111.00 to $113.00 and gave the company a "hold" rating in a research note on Friday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.71.

Institutional Trading of Bread Financial

Several institutional investors have recently added to or reduced their stakes in BFH. Northwestern Mutual Wealth Management Co. acquired a new position in Bread Financial during the 2nd quarter worth $30,000. Root Financial Partners LLC bought a new stake in shares of Bread Financial in the 3rd quarter worth about $45,000. USA Financial Formulas bought a new stake in shares of Bread Financial in the 3rd quarter worth about $46,000. IFP Advisors Inc raised its stake in shares of Bread Financial by 125.8% in the 2nd quarter. IFP Advisors Inc now owns 490 shares of the company's stock valued at $53,000 after purchasing an additional 273 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new stake in shares of Bread Financial in the 3rd quarter valued at about $49,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Company Profile

Bread Financial is a consumer financial services company that works with retailers and other businesses to offer payment and lending products. Its services include private-label and co-branded credit cards, installment payment options and other financing solutions designed for purchases with participating merchants. The company also offers deposit products through Bread Savings, including online savings accounts and certificates of deposit. Its products serve consumers primarily in the United States.

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