Key Points
- Director John Fawcett bought 10,000 shares for $226,000 at an average price of $22.60, increasing his holdings by 200% to 15,000 shares.
- Bread Financial reported quarterly EPS of $3.84, beating the $3.34 consensus estimate, 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, equivalent to $1.00 annually.
Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) Director John Fawcett acquired 10,000 shares of the business's stock in a transaction dated Tuesday, November 10th. The shares were bought at an average price of $22.60 per share, for a total transaction of $226,000.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at approximately $339,000. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bread Financial Stock Performance
Shares of Bread Financial stock opened at $97.99 on Friday. The company has a 50 day moving average price of $103.01 and a 200 day moving average price of $93.01. The firm has a market capitalization of $3.72 billion, a P/E ratio of 7.73, a PEG ratio of 0.74 and a beta of 1.26. 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 52 week low of $59.26 and a 52 week high of $114.53.
Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results 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. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Bread Financial had a net margin of 11.19% and a return on equity of 17.24%. Bread Financial's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.02 EPS. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 12.66 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 $0.25 dividend. This is an increase from Bread Financial's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Bread Financial's dividend payout ratio is 7.26%.
Hedge Funds Weigh In On Bread Financial
Several hedge funds and other institutional investors have recently bought and sold shares of BFH. BlackRock Inc. acquired a new stake in Bread Financial during the 2nd quarter valued at approximately $421,314,000. Hsbc Holdings PLC purchased a new stake in shares of Bread Financial in the 2nd quarter valued at $98,764,000. Bank of America Corp DE acquired a new stake in shares of Bread Financial in the second quarter worth $65,806,000. Copeland Capital Management LLC acquired a new stake in shares of Bread Financial in the third quarter worth $55,054,000. Finally, Empowered Funds LLC acquired a new stake in shares of Bread Financial in the second quarter worth $50,051,000. Institutional investors and hedge funds own 99.52% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on BFH. Wells Fargo & Company began coverage on shares of Bread Financial in a research note on Friday, September 11th. They set an "equal weight" rating and a $115.00 price objective for the company. Morgan Stanley set a $107.00 target price on Bread Financial in a research report on Friday, July 24th. Citigroup reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, October 26th. Barclays reduced their target price on Bread Financial from $110.00 to $107.00 and set an "equal weight" rating for the company in a research note on Friday, October 23rd. Finally, Wall Street Zen raised Bread Financial from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of "Hold" and a consensus price target of $111.71.
Check Out Our Latest Research Report on Bread Financial
Bread Financial Company Profile
(
Get Free Report)
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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