Hancock Whitney Corp Takes $271,000 Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Hancock Whitney Corp bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,076 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Bread Financial during the first quarter worth $33,000. CWM LLC raised its stake in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the fourth quarter valued at about $83,000. National Bank of Canada FI boosted its position in shares of Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Bread Financial during the second quarter worth about $135,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on BFH. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. TD Cowen increased their target price on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Compass Point increased their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and an average target price of $50.00.

Bread Financial Stock Down 3.2 %

BFH stock opened at $50.81 on Tuesday. Bread Financial Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $59.66. The business’s 50 day simple moving average is $52.41 and its 200 day simple moving average is $44.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.52 billion, a PE ratio of 6.40, a PEG ratio of 0.16 and a beta of 1.95.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.06. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, research analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

About Bread Financial

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.