Pinnacle Holdings LLC Buys New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Pinnacle Holdings LLC acquired a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 750 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently modified their holdings of BFH. World Investment Advisors LLC bought a new position in Bread Financial in the third quarter worth $810,000. Geode Capital Management LLC boosted its position in shares of Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after acquiring an additional 13,459 shares in the last quarter. US Bancorp DE increased its stake in Bread Financial by 15.1% in the fourth quarter. US Bancorp DE now owns 15,087 shares of the company’s stock valued at $921,000 after acquiring an additional 1,977 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Bread Financial in the fourth quarter worth about $213,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Bread Financial in the 3rd quarter valued at approximately $1,350,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley lowered Bread Financial from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research report on Monday. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Compass Point increased their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $57.08.

Bread Financial Stock Performance

BFH opened at $42.54 on Wednesday. Bread Financial Holdings, Inc. has a 52-week low of $32.10 and a 52-week high of $66.71. The firm has a market capitalization of $2.05 billion, a PE ratio of 7.66, a PEG ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50-day simple moving average is $53.57 and its 200 day simple moving average is $55.90.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its board has initiated a share buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.97%. Bread Financial’s payout ratio is currently 15.14%.

Bread Financial Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.