Bread Financial (NYSE:BFH) Stock: Insider John Fawcett Buys 5,000 Shares

Bread Financial Holdings, Inc. (NYSE:BFH) Director John Fawcett bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average price of $24.70 per share, for a total transaction of $123,500.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at $123,500. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bread Financial Stock Performance

Shares of BFH opened at $103.07 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.17 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.91 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15. The firm’s fifty day simple moving average is $103.82 and its two-hundred day simple moving average is $91.61. Bread Financial Holdings, Inc. has a 12 month low of $59.26 and a 12 month high of $114.53.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, topping 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $4.02 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that Bread Financial Holdings, Inc. will post 12.51 EPS for the current year.

Bread Financial Increases Dividend

The firm also recently announced 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 an increase 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 payout ratio is 7.26%.

Institutional Trading of Bread Financial

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Bread Financial in the 2nd quarter valued at $421,314,000. Hsbc Holdings PLC bought a new stake in Bread Financial during the 2nd quarter valued at $98,764,000. Bank of America Corp DE bought a new stake in Bread Financial during the 2nd quarter valued at $65,806,000. Copeland Capital Management LLC acquired a new position in Bread Financial during the third quarter worth $55,054,000. Finally, Empowered Funds LLC acquired a new position in Bread Financial during the second quarter worth $50,051,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BFH has been the subject of a number of research analyst reports. Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a report on Thursday, October 22nd. Citigroup reaffirmed a “market perform” rating on shares of Bread Financial in a research report on Monday, October 26th. The Goldman Sachs Group lifted their price objective on shares of Bread Financial from $94.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Evercore set a $118.00 target price on shares of Bread Financial in a research report on Thursday, October 1st. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $112.21.

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.