Insider Buying: Bread Financial (NYSE:BFH) Director Purchases $226,000.00 in Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director John Fawcett acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $226,000.00. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $339,000. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bread Financial Stock Performance

Shares of BFH traded up $0.69 during mid-day trading 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 market cap of $3.73 billion, a PE ratio of 7.76, a PEG ratio of 0.73 and a beta of 1.26. The company’s fifty day simple moving average is $103.19 and its two-hundred day simple moving average is $92.87. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Bread Financial Holdings, Inc. has a fifty-two week low of $59.26 and a fifty-two week high of $114.53.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.50. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The business 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 company posted $4.02 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Bread Financial Holdings, Inc. will post 12.66 earnings per share for the current year.

Bread Financial Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Bread Financial in the second quarter valued at approximately $421,314,000. Dimensional Fund Advisors LP boosted its position in shares of Bread Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after buying an additional 9,854 shares during the period. Hsbc Holdings PLC bought a new position in Bread Financial in the 2nd quarter worth approximately $98,764,000. Bank of America Corp DE bought a new position in Bread Financial in the 2nd quarter worth approximately $65,806,000. Finally, Copeland Capital Management LLC acquired a new stake in Bread Financial in the 3rd quarter valued at approximately $55,054,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BFH has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Bread Financial in a research report on Friday, September 11th. They issued an “equal weight” rating and a $115.00 price target on the stock. Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bread Financial in a report on Thursday, October 22nd. UBS Group dropped their price target on Bread Financial from $127.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, Morgan Stanley set a $107.00 price target on Bread Financial in a research report on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.71.

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.