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Bread Financial Holdings, Inc. (NYSE:BFH) Short Interest Up 17.7% in September

By on October 2, 2022 0

Bread Financial Holdings, Inc. (NYSE: BFH – Get a rating) was the target of significant short-term interest growth in September. As of September 15, there was short interest totaling 3,590,000 shares, a growth of 17.7% from the total of 3,050,000 shares as of August 31. Based on an average trading volume of 921,700 shares, the day-to-cover ratio is currently 3.9 days. Currently, 7.3% of the stock’s shares are sold short.

Insider activity

In related news, director Timothy J. Theriault acquired 2,500 shares of Bread Financial in a trade dated Monday, August 8. The shares were acquired at an average cost of $39.56 per share, for a total transaction of $98,900.00. Following completion of the transaction, the administrator now directly owns 14,539 shares of the company, valued at $575,162.84. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Insiders of the company own 0.20% of the shares of the company.

Bread Financial Trading down 2.0%

NYSE BFH opened at $31.45 on Friday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 3.40, a PEG ratio of 0.26 and a beta of 1.99. The company has a debt ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day simple moving average is $38.77. Bread Financial has a 12-month low of $30.90 and a 12-month high of $105.64.

Bread Financial (NYSE: BFH – Get a rating) last announced its quarterly results on Thursday, July 28. The company reported EPS of $0.25 for the quarter, missing the consensus estimate of $2.25 per ($2.00). The company posted revenue of $893.00 million for the quarter, versus analyst estimates of $906.46 million. Bread Financial had a return on equity of 22.88% and a net margin of 11.74%. The company’s revenues were down 11.8% from the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $5.84. Equity analysts expect Bread Financial to post an EPS of 6.77 for the current year.

Bread Financial announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 16. Shareholders of record on Friday August 12 received a dividend of $0.21 per share. The ex-dividend date was Thursday, August 11. This represents an annualized dividend of $0.84 and a yield of 2.67%. Bread Financial’s dividend payout ratio is currently 9.07%.

Wall Street analysts predict growth

Several analysts have recently released reports on the company. Deutsche Bank Aktiengesellschaft lowered its price target on Bread Financial from $80.00 to $60.00 in a Friday, July 29 research report. TheStreet downgraded Bread Financial from a ‘c’ rating to a ‘d+’ rating in a Thursday, July 28 research report. Morgan Stanley cut its price target on Bread Financial from $67.00 to $45.00 and set an “equal weight” rating on the stock in a Tuesday, July 12 research report. Stephens reduced his target price on Bread Financial to $64.00 in a Tuesday, September 20 research report. Finally, Keefe, Bruyette & Woods reduced their target price on Bread Financial from $100.00 to $81.00 in a Monday, July 11 research report.

Bread Financial Company Profile

(Get a rating)

Bread Financial Holdings, Inc. provides payment and term lending technology solutions to customers and consumer industries in North America. It provides credit card and other loan financing services, including risk management solutions, account creation and financing services for approximately 130 private label and co-branded credit card programs, as well as through the through Bread partnerships to approximately 500 small and medium enterprises. merchants; and Comenity branded general purpose cash back credit.

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