Amalgamated Bank Sells 515 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Amalgamated Bank trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,607 shares of the company’s stock after selling 515 shares during the quarter. Amalgamated Bank’s holdings in Bread Financial were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC boosted its holdings in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after purchasing an additional 278 shares in the last quarter. Arizona State Retirement System grew its position in Bread Financial by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after purchasing an additional 279 shares during the period. Point72 DIFC Ltd grew its position in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after purchasing an additional 397 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BFH. The Goldman Sachs Group increased their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Royal Bank of Canada increased their price target on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Evercore ISI lifted their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Bank of America lowered their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, Compass Point raised their price target on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and a consensus price target of $49.64.

Bread Financial Trading Up 3.2 %

NYSE BFH opened at $58.50 on Friday. The company has a fifty day simple moving average of $51.19 and a two-hundred day simple moving average of $48.12. The stock has a market cap of $2.91 billion, a P/E ratio of 9.32 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12-month low of $26.27 and a 12-month high of $63.01. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.46 EPS. On average, analysts forecast that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. Bread Financial’s payout ratio is currently 13.38%.

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.