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

Key Points

• Director John Fawcett purchased 5,000 Bread Financial shares at an average price of $24.70, representing a total investment of $123,500, according to an SEC filing.
• Bread Financial reported quarterly EPS of $3.84, exceeding estimates of $3.34, while revenue rose 4.7% year over year to $1.02 billion.
• The company raised its quarterly dividend from $0.23 to $0.25 per share. Analysts have a consensus “Hold” rating and an average price target of $112.21.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) Director John Fawcett bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average price of $24.70 per share, for a total transaction of $123,500.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $123,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bread Financial Trading Down 3.0%

Bread Financial stock traded down $3.15 during mid-day trading on Friday, hitting $102.51. 219,667 shares of the stock were exchanged, compared to its average volume of 687,990. The firm's fifty day simple moving average is $103.82 and its two-hundred day simple moving average is $91.45. The company has a quick ratio of 1.17, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Bread Financial Holdings, Inc. has a 12 month low of $59.26 and a 12 month high of $114.53. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.80 and a beta of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted $4.02 EPS. Bread Financial's revenue for the quarter was up 4.7% compared to the same quarter last year. 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. Shareholders of record on Monday, November 30th will be issued a dividend of $0.25 per share. This is a boost from Bread Financial's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Bread Financial's dividend payout ratio is presently 7.26%.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of recent research reports. UBS Group boosted their price objective on Bread Financial from $120.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Evercore set a $118.00 price objective on shares of Bread Financial in a research note on Thursday, October 1st. Weiss Ratings restated a "buy (b)" rating on shares of Bread Financial in a research report on Thursday, October 22nd. Barclays dropped their target price on shares of Bread Financial from $110.00 to $107.00 and set an "equal weight" rating for the company in a report on Friday, October 23rd. Finally, The Goldman Sachs Group increased their price target on Bread Financial from $94.00 to $108.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus price target of $112.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bread Financial during the second quarter worth about $30,000. Root Financial Partners LLC bought a new position in shares of Bread Financial during the third quarter worth approximately $45,000. Pacer Advisors Inc. boosted its position in shares of Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company's stock valued at $46,000 after acquiring an additional 227 shares during the period. USA Financial Formulas acquired a new stake in shares of Bread Financial in the third quarter valued at approximately $46,000. Finally, IFP Advisors Inc increased its position in shares of Bread Financial by 125.8% in the second quarter. IFP Advisors Inc now owns 490 shares of the company's stock worth $53,000 after purchasing an additional 273 shares during the period. Institutional investors own 99.52% of the company's stock.

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.

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