Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,125 shares of the company’s stock after selling 1,066 shares during the period. Yousif Capital Management LLC’s holdings in Bread Financial were worth $1,058,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Curat Global LLC acquired a new position in Bread Financial during the first quarter valued at approximately $28,000. Picton Mahoney Asset Management boosted its holdings in shares of Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares during the period. Pinnacle Holdings LLC acquired a new stake in Bread Financial in the fourth quarter worth about $46,000. Versant Capital Management Inc lifted its holdings in Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock valued at $86,000 after acquiring an additional 941 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on BFH shares. The Goldman Sachs Group dropped their price objective on Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley lifted their price objective on Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, May 12th. Jefferies Financial Group lifted their price target on Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.27.

Bread Financial Stock Up 2.0%

BFH stock opened at $52.74 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.45 billion, a PE ratio of 9.37, a PEG ratio of 0.95 and a beta of 1.37. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The business’s 50 day simple moving average is $50.18 and its 200 day simple moving average is $54.91.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. During the same period in the previous year, the firm earned $2.73 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, May 9th. Bread Financial’s dividend payout ratio is 14.92%.

Bread Financial announced that its board has authorized a share repurchase plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.